So I closed up shop and took a 1099 (contract job) upwards of 1600 miles from where I was. The money was good and the thought of making some extra payments on my loan was enticing. At this point I have been doing this contract work for 6 months and starting to chip away at my loan with small extra payments.
I used to have the mentality that I can't do anything until my loan is paid off but at the moment I have come to terms that I will just keep chipping away a little bit at a time and keep living live. This doesn't mean that every once in a while I don't freak out about the sum but for the most part I just try to forget about it and just understand it is part of my budget for the foreseeable future. It's not really how I thought things would go but plans change.
If I allow the loan to paralyze me with fear and anxiety that I am chained to it for years and years to come. The fact of the matter is for now I am tied to the loan but I have to live life. I have a family to raise. Having 5 kids and a wife I just can't say sorry family we are going to move to a one room studio apartment for years to come so I can pay down my loan. So I will continue to budget and pay down the loan as best I can. I surely will shave some time off but I guess I am not going to be the story you see on Yahoo! News about getting my loan paid off in an incredible period of time. I can only imagine what the headline would say if an article was written about me... Guy Pays Off 185K In 27 Years: How He Did It.
When it comes down to paying down your loans find a plan that is realistic and stick to that plan. We'll make it through the next couple of decades together.
Join the journey with me! Leave a comment and let me know where you're at in the process.