These were two decent size chunks of money, that when it added together, allowed us to eliminate about 25% of the student loan debt in one fell swoop!
That was awesome but as it turns out, there’s a (tiny) downside.
What could that be?
Well, it’s that it created such a ‘high’, that the return to normal debt payments is sort of a letdown.
This month, we paid off the normal amounts as is typical for a standard month. Because we paid off so much, we paid less interest and more towards principal, but overall, it just doesn’t generate the same rush.
So, the moral of the story is that while ordinary is good (and I’m not complaining), the rush generated by the bigger chunk payments is exhilarating.
All the more motivation to search for ways to find extra bucks. For a drug addict, this would be bad because it would be ‘chasing the high’, but since we’re talking about debt payment, this is one rush that I don’t mind chasing! Especially if it leads to us knocking chunks off our debt outside of the standard monthly payments.Copyright 2017 Original content authorized only to appear on Money Beagle. Please subscribe via RSS, follow me on Twitter, Facebook, or receive e-mail updates. Thank you for reading.