ST Alpha - "I wish I could. with IBR, I should save about $125 per month next year. that's not insignificant. " (Reading a Post)

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In response to "i consolidated my to 4.25. maybe the only smart financial decision i've ever made in my life -- nm" by poxie

I wish I could. with IBR, I should save about $125 per month next year. that's not insignificant.

Posted by amanda jones (aka amanda) Oct 24 '11, 12:40

I would frankly use the excess to pay my student loans faster, but there's disincentive to do so. so I'll pay off my car.

no car payment in 2013? sure.

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this is my dilemma. when the time comes (soon hopefully) that i have my credit card and back taxes paid down, where do i put the windfall? - poxie Oct 24, 12:43 3
- I would probably do the IRA. assuming the interest rate on the IRA will be higher than 4.25%, it's the smarter bet. - amanda jones Oct 24, 12:46 2
  - i just want that debt *gone* though. as fast as possible, even at a relatively low interest rate -- nm - poxie Oct 24, 12:48 1
    - yeah, I hear you. (can you do IBR? do you qualify?) -- nm - amanda jones Oct 24, 12:49

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I wish I could. with IBR, I should save about $125 per month next year. that's not insignificant.

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