My student loan

I am sure this topic is of no interest to you. But I am just so happy about it! Not about the student loan itself, but that I have been able to pay almost all of it back.

If you had asked me few years back, that when would I be in this situation. I would have answered that probably in ten or twenty years. Well okey, in twenty years I would have paid the student loan already. I am not that dumb with money.

I did pay back small amounts when ever I could. This is also something that they suggested from the bank. Just pay small amount once in a while and soon you notice that there is not that much left.

This year, due to my situation, I have been able to payback more. As I don't have to pay rent, I have put the equivalent amount towards my loan. Now I am happy to say I only have 2500 euros left :) I have paid over 2/3 back. Considering how my mother spends her money (I was raised by her), I would say that it is a small miracle.

Knowing me, I would also have to say that it actually is not that big of a miracle. Since I could really think for myself (around 10 years old) I have started not to follow my mothers example. This has led for me to be very independet. I admit I have done some stupid things, but my credit is good (I only have one credit card). :)

With my credit card and student loan I once had dept of almost 10 000 euros (9 000+ student loan and 1 000 credit card). Since then I have come a long way. I have to say, that I am exited that I will be finally able to say that I have savings.

Oh, and if you are wondering why I decided to pay the loan instead of saving the money, the reason is simple. When the loan is gone, I will save 400 euros per year compared if I would pay the loan in small amounts back. When there is not that much income, I'd rather have small bills.