Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us money per month for bills, and since we don't believe in showing ads to our users, we try to make the money back through forum registrations.
The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Financial Goals 2016: Saving for babby's first SA account
 
  • Locked thread
Proposition Castle
Aug 9, 2004
Witty message goes here.
Putting this in writing so I can hit this goal and hopefully next year's:

2016:
Get student loan payments down from $1304.62 to $1200 per month.
Bad napkin math (85 months left * 104.62) shows about a $9000 overpayment needed by the end of the year. This is only doable with a lot of butt-clenching.

2017:
Maintain $2400 per month on the loans.
Put all overtime towards loans with a goal of reducing the payment to $970 per month.
Why $970? More bad math shows this would allow me to continue paying the loans off with double the monthly payment while automating contributions to a Roth IRA.

* # ¿ Oct 6, 2016 14:12
  • Quote
Adbot
ADBOT LOVES YOU

# ¿ May 14, 2024 13:57
  • Quote
Proposition Castle
Aug 9, 2004
Witty message goes here.

Proposition Castle posted:

Putting this in writing so I can hit this goal and hopefully next year's:

2016:
Get student loan payments down from $1304.62 to $1200 per month.
Bad napkin math (85 months left * 104.62) shows about a $9000 overpayment needed by the end of the year. This is only doable with a lot of butt-clenching.

2017:
Maintain $2400 per month on the loans.
Put all overtime towards loans with a goal of reducing the payment to $970 per month.
Why $970? More bad math shows this would allow me to continue paying the loans off with double the monthly payment while automating contributions to a Roth IRA.

Goal crushed. I submitted my recalculation request last week and my new monthly payment is $1050. Gonna try and pay off the last $60k this year.

* # ¿ Jan 2, 2017 00:07
  • Quote
  • Locked thread
The Something Awful Forums > Discussion > Ask/Tell > Business, Finance, and Careers > Financial Goals 2016: Saving for babby's first SA account