Getting there (except for the student loan!)

hedgehopper_2

Hi all

I'm quite a recent convert to the cause, having got away with way too much debt for years and not really thinking about the consequences.

In the past 3 years I've paid off 4k in bank loans, and am just today down to my last £200 to pay off on my credit card (now destroyed!) having paid off the remaining £800, and am finally comfortably into the black each month after years of dipping into my overdraft. This feels GOOD!

In a month I'll have cleared EVERYTHING. Oh, except for the student loan. There's still £8k remaining on that . Because I've never earned over the threshold for compulsory repayments (I was a student pre-2000 so that threshold for me is relatively high, at least over 2k a month) I have always just deferred repayments.

I'm wondering what you guys would do in my position:

I'm self employed, so income is variable, but I am generally pulling in about 2k a month.

I'm about to start paying a mortgage, of which my monthly share will be a little over £500.

I'm putting away £250 in savings and pension.

I'm hoping to start a family in a year's time, so am wanting to save a bit as all I'll get is MA and my partner's support.

No car or plans for one!

Should I start repaying now, or just leave it be? Interest is pretty negligible, but I'd like to have rid of it or at least be doing something towards getting rid. Thanks all!

koloko

deleted as work colleagues found username and forwaded on all posts to laugh at

hedgehopper_2

Fair enough, I guess I'm just trying to decide whether to pay a big amount off now or set up smaller monthly amounts. It might not be QUITE so easy in a few years time with different income, outgoings and mortgage rates, so tbh part of me does wonder if I should wait.