I paid off $40,000 of student loans in 2 years thanks to 3 smart habits

, so I spent most of grad school living with a roommate in a very low-cost rental. I moved from there to a modest off-campus apartment that also had well-below-average rent for my city.

I also cut my cable , took my lunch to work regularly instead of going out, and avoided any superfluous spending. Anything you can do to keep expenses low gives you more money to pay off your debt. One lesson from my Boy Scout days was constantly on my mind and helped me succeed in managing expenses: A Scout is thrifty.$4,000 child tax credit I get now as a parent

I was also lucky enough to earn a couple of bonuses at work in those years, which helped accelerate my payoff. But even something like a $5 bill from a visit to grandma could help with a quest to pay off debt. Every single dollar is progress toward the payoff.. You should live within your means. Any extra money is a bonus you can use to boost savings or pay down debt.I started with four different loans and four monthly payments. I set them all on auto-pay to automatically withdrawon payday.

As I got comfortable with that rhythm, I slowly cranked up my bi-weekly payment amount. Thanks to that college budget and grown-up salary, I had plenty of leftover cash each month. I added $20 per payment, then $50, then $100. I eventually paid more than double the minimum each payday.

He should have stopped at 'I had a high paying job'

This is laughable. The biggest hurdle is finding a job that pays well.

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