How I did it: I went to the bank. Told them I wanted to pay back the loan early. They calculated the amount due. I signed and that was it.  Of course you may say it is easy if you have the money, and that is true. On the other hand, we should move away from debt : you enjoy things so much more when you realize you own them.

Lessons & tips: I figured out that all the so-called benefits (tax-cuts, etc) are all really a benefit for the banks, and not for us... Last month the loan money costed 5%, and my savings only earned 2%...

Jan 21, 2009, 03:31AM PST | 0 comments | 1 cheer