Allright

So it took me long enough, and I still don't have the spreadsheet to upload to the blog ready. But the basic idea is, we have about 5 loans to pay off. And some of them won't be paid off for something like 25 years at the current rate. So something has to be done. So the plan is, since we bought our house 3 years ago and have that cost basically fixed, we're going to use what we'll call excess income to attack the loan portfolio.

My salary is X thousand (plus about $150 on top) dollars every 2 weeks. Even if it kills us, what we're going to do is use that $150 from each paycheck to send straight to the smallest (and highest interest rate) loan we have. (These are almost all student loans, by the way, which some people call "good" debt - these people are idiots imo.) So, by taking that $150 per paycheck, adn continuing to make all the minimum payments, we'll have that smallest loan paid off in about 12 months. Then we'll take that minimum payment, plus the $150 extra and attack the next one, rolling that amout over until we're all paid off. I figure the whole process will take 8 1/2 years, which is better than 25 years, right?

Debt must die.