Baby Steps

This weekend I took some baby steps on our household finances. I have decided that it is time to kill our student loan debt. Without making any changes we were on track to pay off our biggest loan in 23 months (a major accomplishment since we have been paying for it since 1996) and the second, more recent loan, in 8 years. By redirecting our ROTH IRA money into our student loan repayment we will pay off the big one in 12 months! At that point if we add all of the money we were paying to loan #1 to our loan #2 then we should be done with that one in about 2 years. I am excited and figure the extra years of peace without that debt hanging over our heads will be worth it. We will continue to invest through our work 401k programs as we are today. Baby steps, one day at a time one new thing at a time.

Let us know what your baby steps are.