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Getting up to speed

August 9th, 2012 at 06:24 am

OK so I thought I'd start the comeback trail by updating a few key points of where we're at. In case you don't remember our story we were buried under $117,500 of credit card debt when we finally got serious about getting our finances in order. It took a lot of work but we eventually dug out and got to debt freedom (thanks largely in part to this place and the Dave Ramsey way of thinking...the TMMO forums were very motivating and helpful for us.)

A few good bullet points since that debt free day:

1) I became a grandfather. Smile

2) We're still debt free! For you DR fans we're rolling through BS6.

3) We're cash flowing both of our kids college educations.

4) We have a good sized emergency fund and are building savings as well. We're also maxing out our
Roth 401k's.

5) We still budget as if we were in BS2. Instead of having debt payments we have savings payments.

6) Credit cards are still not welcome. We've been there done that and we're not going back.

7) We were featured in a DR Gazelle Gazette (the newsletter) for paying off all the cc debt. It was awhile ago though...I haven't had an active subscription there in a couple of years.

8) We're still selling stuff on ebay for extra money!

9) I still listen to the DR FPU audio lessons on my phone at work in between songs. They're in my playlist. Smile

Don't get me wrong it all sounds great but we still have to be very vigilant about our money. We have a good stream (I like that I don't have to call it shovel anymore) of income and we're content. Although I'm the nerd and still get OCD about doing budgets and the numbers all the time. I'm hoping by coming back I can continue to be accountable for our expenses (the expense tracker will come back to life) and hopefully some of the things I post will help others who may need some extra motivation to stay on the plan they're on and stay focused. We got to the point plenty of times where we said "is this really worth it" and I can tell you now sitting on the other side of that mountain of debt is one of the most beautiful views you can have. It's worth much more than just the numbers. Smile

5 Responses to “Getting up to speed”

  1. North Georgia Gal Says:

    Welcome Back!

  2. NJDebbie Says:

    I love that you are back!

  3. creditcardfree Says:

    Yes, you definitely have a story to tell. Glad you are back!!

  4. snafu Says:

    Good on you for clearing your debt and I'm sure other can learn a lot for your experiences. It's awesome that you're willing to help others learn from your experiences.

  5. Monkey Mama Says:

    Welcome back and congrats!

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