Although it may not always be mathematically the best move, I’m all about knocking out debt.  It’s freeing as you watch those loans balances wind down, and once you can actually knock one or two loans out entirely, you can snowball those payments onto other loan principals or into savings.

Joe Sangl is the man when it comes to this, and I’ve been reading his blog for two years or so.  I really like is his pay-off/savings spectaculars (towards the bottom of the page).

And, so, with the purchase of our new house, I’ve made a Smock House Spectacular!

Pay off that house!

I realize now that I actually mislabeled this, because it is a pay-off spectacular, but I’m sure Joe won’t fault me for it.  I also thought about applying the loan pay-off game logic to this, but I’m not sure we have the room in the budget just yet.