Joined: Jul 2008
Posts: 155
I'm lucky that I only have a student loan to pay off, which is now under $10000 for which I am paying $250 per month (directly to the government because I defaulted on the loan). What I've found works for me, is I have my work take off an extra $75 per paycheck in taxes (which I don't miss because it is automatic and I've adjusted my spending to suit), then my tax rebate goes directly to paying off the loan. When the loan is paid off, I'll just divert the rebate to my RRSP or university instead. Either way, it is an investment in my future.