Debt Tracker (08/14/09)
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Well we did it! We received a bonus deposit of $5000 on Friday and cleared the last $3815.04 from our debt. We are now debt free minus our mortgage! It's been a long battle between us and our debt load (which ended up being $117.5k) but we have finally climbed to the top of the mountain.
It's really nice to know that all of our income will be ours to keep. We're going to be able to pay cash on Weds for our son to go to Spain with his class a full three months before the payment is actually due. We paid cash and bought a patio table for our back patio (we had lost three due to wind) and this one has a heavy custom stone top so it'll be plenty heavy for the hilltop winds. We'll also be able to cash flow our daughter's college education starting next fall AND our son's in a couple of years. We are so excited!
All I can say is to anyone who is frustrated with debt just get on a budget and keep the faith! You can do this. If we can do it anyone can. Trust me on that.
WOO HOO!!!
This is the end of the debt reduction tracker! Not sorry to see it go at all.
We finally did it...debt is all paid off!
August 16th, 2009 at 10:43 pm
August 16th, 2009 at 10:51 pm 1250459487
August 16th, 2009 at 10:56 pm 1250459805
August 16th, 2009 at 11:28 pm 1250461730
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August 17th, 2009 at 12:44 am 1250466271
August 17th, 2009 at 12:59 am 1250467174
Any general words of advice for others? I'm just curious if you used any special strategies other than trying to pay as much as possible.
(I suppose i could stop being lazy and read your old posts, too.)
But that's quite an accomplishment....can you sum up how you did it?
August 17th, 2009 at 01:10 am 1250467835
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August 17th, 2009 at 01:39 am 1250469541
I am so truly happy for you - You are finally FREE!
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August 21st, 2009 at 03:41 pm 1250865663
August 26th, 2009 at 05:51 pm 1251305495