I used my IR quite a bit actually Certainly the last few years I was in London It helped me to actually plan out when I could pay it off by. Living in Australia and being away from New Zealand You feel like your loan is just sitting there – you don’t need to worry about it. But it’s better to pay it off, and get it done and dusted. Amazing it’s paid off! It felt good.
And then it was a conscience lifter I think. Once I got overseas I was a little bit more disciplined about it I think it was maybe every quarter, or six months. Something like that. I was making some fairly significant payments You could see it going down slowly, and it was quite a good feeling when it was back to zero. There was a calculator I think, which was really helpful for telling me exactly what I needed to pay, and when I need to pay it. So that was really helpful, living in London and having to deal with something with a twelve hour time difference. It was sort of a gateway to be like: “Ok, I’ve paid off my loan – I don’t feel so bad about blowing five grand on a big overseas trip”. I’ve heard that there are fee free options now for international transfers. So that’s something I would look at if I was still paying it off. Once you leave New Zealand pay it back as soon as you can because you’ll start accruing interest And then that interest accrues more interest. I thought about how much I could pay realistically without totally affecting my lifestyle. I wanted to get rid of it by the time I was thirty and I paid it when I was twenty-nine So it was a good way to come into my thirtieth birthday.