The student loan was the last loan besides my mortgage that I had left. I've debated paying this off for a while as I've had the money but didn't want to take the hit in my savings. That changed yesterday when I finally decided that not paying the interest on that loan was the better option. With the loan being paid off I now have that payment as extra money which I can put towards my savings. I calculated that after four pay periods I'll be back to where I was yesterday, not that I'm in a bad position today by any means. I'm just anal about my money.
I'm a pretty fortunate guy. I've made extremely good financial decisions my whole life which is why I'm in this position. Budgeting has always been a great strength of mine. We don't owe on anything, we have no vehicle payments, we own our camper, and we have gone to Disney World three times in the last two years without having to finance the trips.
My next financial goal is to chop our mortgage. One extra payment a year will cut seven years but I want to do better. I'd like to put as much money as possible to the principal so that I can knock that off in the next ten-fifteen years. I do not want to pay a mortgage for thirty-years!