http://www.paidtwice.com/2009/02/10/tell-all-tuesday-slow-and-steady-progress/#comment-81054 jay Tue, 10 Feb 2009 22:59:16 +0000 http://www.paidtwice.com/2009/02/10/tell-all-tuesday-slow-and-steady-progress/#comment-81054 I would totally agree with Kathryn: pay the minimum on the loan until you've stoked up the other funds. Then, if the Saturn decides to go kaput -and not according to plan, you have leverage. Very easy to make big bolus payments to the student loan. Also, of course, interest on the student loan is tax deductible. Calculate the aftertax rate on the loan. May be inspiration to save up instead of paying (i.e., have a "Student Loan" ING savings account) and at the same time lower the risk of HAVING to borrow for a "new" car :-) Just my 2¢ Thanks for posting. Congrats on the tremendous progress over the last year and a half! I would totally agree with Kathryn: pay the minimum on the loan until you’ve stoked up the other funds. Then, if the Saturn decides to go kaput -and not according to plan, you have leverage. Very easy to make big bolus payments to the student loan. Also, of course, interest on the student loan is tax deductible. Calculate the aftertax rate on the loan. May be inspiration to save up instead of paying (i.e., have a “Student Loan” ING savings account) and at the same time lower the risk of HAVING to borrow for a “new” car Just my 2¢
Thanks for posting.
Congrats on the tremendous progress over the last year and a half!

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