I transferred some money from my savings to my checking to payoff my Perkins student loan. I figured that I had the money why wait until 2014 to pay it off. Furthermore, it would decrease my indebtedness, increase my creditworthiness, receive a payoff letter that I can send to all three credit bureau, and help my 2013 tax situation.
The momentum I created today won’t stay in 2013. It would continue well into 2014 because I aim to payoff another student loan. I have already decided to pay money each paycheck to accelerate my repayment. I will be done by July 1, 2014. When I receive my state and federal tax refunds, I will use these funds to pay down my debt. Improving my finances are a 2014 resolution. Even if it means my missing NBA All-Star then so be it because my credit rating matters more.