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Debt Free In June

June 1st, 2015 at 07:05 am

Closing on the house is scheduled for June 12. Since the lending process didn't start until Thursday (because of delay by the buyer's agent) it could get delayed. I would guess it will still get done by the end of the month. The appraisal is today.

Once the house closes, our mortgage will be paid in full! And we get a check. Smile I plan to settle up getting all of our bills and credit cards paid in full. We will be debt free again! And expect to be debt free for the next several years since we are renting.

We are still waiting for the Citi card we applied for. It seems it should be here any day now. I hope it comes before we move! We would like to use it to put some repair expenses on and the charge for the furnished apartment we are renting for 30 days.

I'm setting up an allotment from my husband's pay to our savings account at Navy Federal Credit Union. It's a requirement for our newest CD. The amount has no minimum and I have read some people just set one up for 2 cents. I figure I'd pick a little larger sum that will add up during the year. It will be $25 a month, so a total of $300 a year.

We are still working on using up food in our pantry and fridge. The freezer is pretty much empty except for a loaf of bread, a partial bag of fruit and a container of crushed tomatoes. I plan to make a soup today for dinner which will use up some lentils and the crushed tomatoes. I have some bananas to make banana bread that my daughter can take to her early morning library club on Wednesday. I can see several things being tossed unfortunately (think rarely used seasonings and oils). And why is it that the pasta and the pasta sauce can't be used up at the same rate. We have this same problem with salsa and chips, too!

Will anyone else find themselves debt free in June or finishing a debt paid off in June? Are you using up food in your pantry, fridge or freezer this month?

9 Responses to “Debt Free In June”

  1. scottish girl Says:

    If only... I'll just be putting anything extra towards debt

  2. creditcardfree Says:

    Putting extra towards debt is the right thing for you at this time, Sarah!

  3. debt-free by thir-ty Says:

    I'm hoping to get the Chase Freedom card paid off in June! It's down to 660 which will be tight, but doable.

    I have been eating down the pantry, but mostly because SO is gone, so I haven't been putting much effort into meals. Hoping to hold off on groceries until he comes back on the 13th.

  4. My English Castle Says:

    Happily we are debt free. Now if only we can hit those savings goals regularly! You made me laugh about the pasta sauce. It's a rare occasion when we don't have half a jar or so in the fridge. I try to use it up--pizza sauce, soup, etc, but then we open another jar and we have a third of it left again!

  5. snafu Says:

    We are debt free and seem to always be 'eating down' food in the deep freeze due to stock up of frozen vegetables, chicken on sale, double up meals, home made sauces etc. Laughed over the salsa thing, It's a terrific extension and adds tang to many boring meals.

    Consider adding salsa to taco fixings, tomato sauce, spaghetti/pasta sauce, Manhattan Clam Chowder, baked fish, left over chicken, pot roast, stew, porcupines, meatballs or meatloaf. Home made salsa doesn't keep well so I plan making cabbage rolls, egg plant, zucchini 'coins,' stuffed peppers, tomato aspic, vegetarian lasagne, Creole style or Spanish rice as a follow up. Also a good addition to canned baked beans, chili con carne, Eggs,Tex Mex, shrimp cocktail or scallops use up the last of the jar.

  6. LivingAlmostLarge Says:

    We are going to be joining you in July or August. First time in 10 years. I don't know whether to be happy or sad. LOL. I am trying to eat freezer but will be packing up the kitchen soon though.

  7. ceejay74 Says:

    Hoping to be debt-free except mortgages by the end of this month! Granted, we have a hefty amount of mortgage debt, so nowhere close to debt free, but it'll feel amazing anyway if it happens!

    We actually do use one box of pasta and one jar of sauce per meal! Though since it's our littlest's favorite meal, I think we'll have to bump that up sometime this year. I'm thinking we'll move up to 2 jars of sauce and 2 boxes of pasta, and just have more leftovers. If I had to use up odd pasta, I'd toss it in some garlic sauteed in oil, with crushed red pepper flakes, salt and pepper. Dunno what I'd do with just sauce. In college, a friend and I used to spread it on toast! It was pretty tasty actually. Smile

  8. FrugalTexan75 Says:

    I can't imagine ever having leftover spaghetti sauce ... yum! (I am a sauce-a-holic --- I have to let other people get their sauce first to make sure they get some! Big Grin)

    I'm going to be eating out of my fridge/pantry this month as much as possible to try to keep my grocery bill down ... savings.

  9. MonkeyMama Says:

    Yay for debt free!

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