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Using a windfall to pay off debt

pay off debt, financial windfall, extra money
/ February 4th, 2013 / 42 Comments
When I went to do my weekly banking this week, I got a great surprise – an extra $260 from my previous job had been deposited into my account unexpectedly.  I’m not entirely sure why I got paid, but I suspect it’s retroactive pay due to a salary increase that had been in negotiation while I was an employee at the university.  Woohoo! Photo Credit: Images_of_money via Flickr Any...

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Student loans paid off!

Student loans, student loan paid off, debt free, financial freedom
/ March 8th, 2012 / 3 Comments
Last month I reached a major milestone towards financial independence – I paid off my Student Loan! I graduated in April of 2008, so all in all, I took 3 years and 10 months to pay back $13,000 to the government. Had my friends at the National Student Loan Service Centre had their way, it would have been over 8 years before I had repaid my loan in full and I would have paid much more in interest...

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Paying off my student loans

student loans, paying off student loans, debt freedom, paying off debt
/ June 3rd, 2011 / No Comments
According to Statistics Canada, over half of Canadian students graduate from post secondary education with an outstanding government student loan. As you know, CF graduated with a large student loan, while I owed less to the government but more to my parents. On average, we had as much debt as everyone else.  Not very appetizing for a couple who prides themselves on being different!   Photo Credit:...

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