At the start of the year one of my new years resolutions was to pay off any debts and to ramp up my investing. This month with my tax return I will finally pay off my student loan. Nearly 10 years ago this loan stood at about $14,000 and since then it has been eating up at least $100 per month of my income. It was never a priority to pay off quickly since the interest is below prime and tax deductible. However now that the end is in sight it’s going to feel good to clear it off the balance sheet.
That will leave us with just a mortgage and car loan. And I expect to have the car paid off when I sell the motorcycle this spring.