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One month later...so close to being out of debt!

June 10th, 2009 at 07:38 am

Well I had hoped we would be under $20,000 in total debt left to pay off (minus the mortgage of course) and lo and behold we're there! As of today we have paid off over $105,000 worth of credit card debt in about 13.5 months. We are getting really close to being completely debt free and it's exciting to know how hard we worked is finally paying off.

So here is the updated total:

Debt Tracker (06/10/09)
Card 1: $12190.26 (8.99)

That's it! Only $12k to go...I feel really good about it all and I can't wait to be rid of the debt tracker once and for all! Smile

8 Responses to “One month later...so close to being out of debt!”

  1. creditcardfree Says:

    Wow! I got chills when I saw that you only have $12K left. You have come so far. Keep it up!

  2. Ima saver Says:

    all I can say is Wow too! Good for you!

  3. dmontngrey Says:

    What??? WOW!!! I am impressed! Great job!

  4. KellyB Says:

    Fantastic! That's a LOT of $$ paid and relativley very little to go! We'll all be so excited for you - let us know when the big payoff is acheived! Congrats and keepup the good work!

  5. merch Says:

    I remember your totals from last year.

    Debt tracker 06/09/08
    Card 1: $44214.30 (8.99%)
    Card 2: $30795.25 (9.99%)
    Card 3: $20705.37 (11.24%)

    You (and your wife) have done a really great job stay on point on this.

  6. monkeymama Says:

    Way to go!!!! Your next post will probably be a debt free announcement!

  7. whitestripe Says:

    congratulations! anything exciting planned for when you are debt free? what are you going to do with all the money each month previously alloacted to debt?

  8. I-78 Commute Says:

    Thanks everyone! Staying on task and staying motivated has been our biggest challenge but we set a lot of goals along the way. We've got one that just graduated high school and is on her way to college in the fall and another one only a couple of years behind her so the plan is to get this debt gone, save up some money for emergencies and have the ability to cash flow the kids education. We still have a monster mortgage ($399k) so that's another whole kettle of fish to work on. I'm just going to be so glad when the credit cards are paid off and gone! Smile
    whitestripe: We planned for each of us to get a "gift" once we do get debt free. My gift is a pair of dumbbells (Bowflex Selecttech) and her gift is teeth whitening at the dentist. Each of us figure that's around $500 each which is well within our budget. Nothing too crazy for now (until we build up some cash reserves at least!) Smile

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