Stupid, stupid mistake

debtfreeby2013

innovate wrote: »

The keyword there is 'early'. Eventually, you'll have to pay it back (unless you intend to stick with jobs paying mediocre salary for the rest of your working life)

How are you saving for paying back the loan?

I know it's early and that I will have to pay it back hence why the first point was that it comes out of my wages automatically.


Saving to pay back the lloyds loan and my barclaycard I have explained in a lot of detail a couple of posts ago.

eschaton

debtfreeby2013 wrote: »

I know it's early and that I will have to pay it back hence why the first point was that it comes out of my wages automatically.


Saving to pay back the lloyds loan and my barclaycard I have explained in a lot of detail a couple of posts ago.

So you are not intending to be debt free by 2015 after all?

debtfreeby2013

eschaton wrote: »

So you are not intending to be debt free by 2015 after all?

I'm going to be free of the type of debt that nearly made me homeless when my wages dropped, I am going to free of the debts that kept me up at night when I was given a redundancy notice 18 months ago and I'm going to be free of the debt that I have to concern myself with trying to pay off. But that's too long a username for MSE forums.

With my plans to be stress debt free by the end of 2013 mean that I actually could be completely debt free by 2013 but it is advised in this site to keep the money for savings instwad and that there is no point paying student loan off early. Therefore I'm not factoring in something that I don't have to put any effort into paying.

SOA statements, credit files and banks don't count student loans as debt so why should I? It's, essentially, just an extra tax that I will have to pay if I earn over a certain amount.

eschaton

debtfreeby2013 wrote: »

I'm going to be free of the type of debt that nearly made me homeless when my wages dropped, I am going to free of the debts that kept me up at night when I was given a redundancy notice 18 months ago and I'm going to be free of the debt that I have to concern myself with trying to pay off. But that's too long a username for MSE forums.

With my plans to be stress debt free by the end of 2013 mean that I actually could be completely debt free by 2013 but it is advised in this site to keep the money for savings instwad and that there is no point paying student loan off early. Therefore I'm not factoring in something that I don't have to put any effort into paying.

SOA statements, credit files and banks don't count student loans as debt so why should I? It's, essentially, just an extra tax that I will have to pay if I earn over a certain amount.

Sorry, but to me a debt is a debt, not a tax.

It's debt however you dress it up. You can tie a bit of string to a dogs tail - it will still be a dog and not a rat

But apart from that, well done in getting your debt down. I do mean that, it's not sarcasm.

innovate

debtfree2013, stop kidding yourself, for your own good

Either you have no debts and are completely on top of your financial affairs, or you have debts,and are in various states of non-control of your own financial affairs. Student debts, whenever you have to repay them are debts.

Beautifying or obfuscating your financial affairs might look temporarily good on Internet Forums, but it will violently come back to bite you in the a**.

Think about yourself, not how you look on an Internet Forum.

debtfreeby2013

innovate wrote: »

debtfree2013, stop kidding yourself, for your own good

Either you have no debts and are completely on top of your financial affairs, or you have debts,and are in various states of non-control of your own financial affairs. Student debts, whenever you have to repay them are debts.

Beautifying or obfuscating your financial affairs might look temporarily good on Internet Forums, but it will violently come back to bite you in the a**.

Think about yourself, not how you look on an Internet Forum.

I really couldn't give a stuff how I look on an Internet forum. So this will, therefore, be my last post on the matter. If I want to count it as a tax as it comes straight out of my wages and depends on how much I get paid then that is my right. Simples. I will be free of my credit card and loan debts by the end of 2013 and when I am and I redo my SOA, as I do at any change of circumstances, it will show I have no negative assests - that is what I am aiming for.

Thanks for all the replies, particularly the ones that were related to what I asked originally but next time I have an issue I will post it on the DFW board so as to avoid a 4 page thread that isn't even relevant to the original topic.

Bye.

innovate

Sorry and sad that I, and others, couldn't help you

Mozette

http://blog.moneysavingexpert.com/2012/09/20/student-loans-arent-a-debt-change-the-name-to-avert-a-national-tragedy/

eschaton

debtfreeby2013 wrote: »

I really couldn't give a stuff how I look on an Internet forum. So this will, therefore, be my last post on the matter. If I want to count it as a tax as it comes straight out of my wages and depends on how much I get paid then that is my right. Simples. I will be free of my credit card and loan debts by the end of 2013 and when I am and I redo my SOA, as I do at any change of circumstances, it will show I have no negative assests - that is what I am aiming for.

I gave you some praise before but I think I'll take it back as you are deluded. No negative assets - just a student loan dressed up as student tax

A debt will never be a tax. Keep kidding yourself on if you want but it will only be yourself.

innovate wrote: »

Sorry and sad that I, and others, couldn't help you

Appears to be beyond help in reality.

Hooloovoo

Hate to disagree with innovate, normally agree with you 100%, but I'm with Martin Lewis on this one.

Student loans are just graduate income tax by another name.