If I increase payments to $500 per month and put the extra checks from the three paycheck months (May and October) toward this, it’ll be paid off by 2020. I’ll be 47. Provided I stick with it, that’s close enough that I should be able to find a way to pay it off by my goal of April 9, 2018 without touching the 401k.
kriell09 has written 2 entries about this goal
I’m two years in and have paid off over $10,000 already, so this might be doable. I’m thinking if I still have a lump sum by the time my goal date comes, I can take a 401k distribution since that should be built up by then w/my company match. I want to be debt free before I get too old to enjoy that sense of freedom!
Goal date: April 2019.