<< Back to all Blogs
Login or Create your own free blog
Layout:
Home > $40,856.39 PAID!

$40,856.39 PAID!

January 8th, 2011 at 02:20 pm

In two years we have paid off $40,856.39 worth of debt. It's amazing what can be accomplished when a plan is made and the eyes are focused on the goal!

We paid off our home equity loan and our van loan, as well as a little principal on our primary mortgage. The van loan will be gone and out of here next week! The debt remaining is the mortgage alone.

I'd like to say that the mortgage will remain our only debt, but there is a truck purchase on the horizon. We hope to pay at least half in cash and take out a two to three year loan on the remainder.

Do you have a plan for your debt payoff? What is your plan? Are you tracking it? Is someone keeping you accountable? This blog helps keep me focused. Why not start a blog with your debt journey? We'll cheer you on.

Posted in Debt | 16 Comments »

16 Responses to “$40,856.39 PAID!”

  1. NJDebbie Says:
    January 8th, 2011 at 02:33 pm 1294497229
    1294497229

    Wow, what an amazing job! This blog definitely helps me stay true to my financial goals.

  2. Savings Queen Says:
    January 8th, 2011 at 02:45 pm 1294497913
    1294497913

    Congrats on your great accomplishment!!! That must feel wonderful! Also, very wise idea on your new truck.

  3. ThriftoRama Says:
    January 8th, 2011 at 02:54 pm 1294498493
    1294498493

    That is awesome. I totally agree. Having a plan makes all the difference.

  4. rob62521 Says:
    January 8th, 2011 at 03:16 pm 1294499812
    1294499812

    That is incredible! You certainly have great control over your finances!

  5. PNW Mom Says:
    January 8th, 2011 at 05:09 pm 1294506588
    1294506588

    That is so awesome! Just goes to show what you CAN do with a goal and some focus! Congrats!

  6. Miz Pat Says:
    January 8th, 2011 at 05:35 pm 1294508132
    1294508132

    Wow, this is so wonderful. You have it together.

  7. Ima saver Says:
    January 8th, 2011 at 08:04 pm 1294517074
    1294517074

    Well done!!

  8. beawealthywarrior Says:
    January 8th, 2011 at 10:00 pm 1294524030
    1294524030

    Congrats on a job well done. Is there anyway you can just keep saving in order to buy the truck with cash? You will soon knock out the van loan, just think how great it would be to only have to worry about the mortgage.

  9. creditcardfree Says:
    January 8th, 2011 at 10:15 pm 1294524930
    1294524930

    @beawealthywarrior, the truth is when DH is home we need two vehicles, his car has already been sold to our neice. He drives 30 minutes to work and I transport kids to school and activities. Now I agree...that we don't necessarily have to take out a loan depending on which vehicle we buy.

    However, the promise was to get DH a newer truck once he returns. It will be used and possibly a couple years old, but I suspect these might be the last vehicles we buy for quite awhile. The income will drop once DH returns, too, so any payoff we do on a loan will be much slower, as would any savings than what has been achieved in the last few months.

    DH and I will definitely be having many discussions before the final purchase, so I do appreciate your suggestion.

  10. crazyliblady Says:
    January 8th, 2011 at 10:36 pm 1294526210
    1294526210

    If your husband who is currently deployed does not know of your success, he will be very happy about how well you did while he was away. You definitely have something to be proud of. And a large emergency fund, too! I will have on medical bill paid off in March and another in June, as well as the lawnmower in June. Then, I will start paying more onto the credit card, as well as putting more into savings and house maintenance.

  11. Youngmommyof1 Says:
    January 8th, 2011 at 10:37 pm 1294526241
    1294526241

    Congrats!!!

  12. patientsaver Says:
    January 8th, 2011 at 11:01 pm 1294527713
    1294527713

    outstanding, wow.

  13. creditcardfree Says:
    January 9th, 2011 at 04:11 pm 1294589465
    1294589465

    @crazyliblady, my DH does know and is very proud of us. He would tell you it is all me, which I guess it is. However, his hard work and lack of spending helps, too!

  14. Looking Forward Says:
    January 9th, 2011 at 05:12 pm 1294593135
    1294593135

    That is so AWESOME!!!
    I love reading about all your progress. Inspiration for our debt-less-ness. Smile

  15. scottish girl Says:
    January 11th, 2011 at 05:52 pm 1294768379
    1294768379

    That's amazing!!

  16. Apprentice Bliss Hunter Says:
    January 11th, 2011 at 06:39 pm 1294771187
    1294771187

    Fantastic ! Debt-free apart from the mortgage ! Way to go !

    Would be great if you could buy the truck in cash... but you know this and, of course, DH will have to agree. Good Luck ! :-)

Leave a Reply

(Note: If you were logged in, we could automatically fill in these fields for you.)
*
Will not be published.
   

* Please spell out the number 4.  [ Why? ]

vB Code: You can use these tags: [b] [i] [u] [url] [email]