April 14, 2011 at 1:28 pm
Photo by eric731 / by BY-NC-SA 2.0
Today my final student loan payment posted, making me 100%, totally debt free for the first time in, um, let’s see, a decade? Yes, that sounds right.
I thought I would scream this from the mountain tops and do a little happy dance right now in the days or minutes before I have to buy a new car when mine inexplicably explodes or I’m hit by shrapnel from my exploding car and rack up lots of hospital bills. The good news is that medical bills can be discharged in bankruptcy, whereas student loans can’t be.
So, wheeee! Look at me, debt free! I don’t owe anyone anything and it is awesome!
June 25, 2009 at 8:40 am
It’s odd how quickly a word can dominate our shared vocabulary. In 2000 it was “hanging chad.” In 2002 it was “post 9-11.” This year it’s “economy” and “recession” and “toxic assets.” They might just be words, but they reflect the changes that are happening in my life and your life and your neighbors next door, who aren’t going to live next door anymore, because they defaulted on their mortgage.
As much as people’s lives are changing, mine hasn’t changed that much. Sure, my job is as secure as a lockbox sealed with chewing gum, and I moved to a cheaper apartment to cut my living costs, but otherwise I’m living the same life I’ve always led. Financially speaking this means I save money, sock cash in my retirement accounts, and spend less than I earn. Evidently I was a radical ahead of my time for doing all these things.
I feel genuinely sorry for the suffering this recession has caused, for people who are stuck in houses that have lost value, for people who can’t make [...]