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50k in debt GONE!

September 16th, 2011 at 10:54 am

At our absolute worst (sometime in 2008), we had approximately 305,200 of debt. And then came the spreadsheet...the spreadsheet of life :P. I created a budget and we stuck to it. We got serious about our finances in June '08 and haven't looked back since. There's been a number of car mishaps and stupid mistakes along the way, but as of today we owe 254,555. That's over 50k in debt GONE!!!

** Just to clarify, I'm counting principal paid to mortgages as well. Mortgage refinance has caused our loan amount to actually increase since we started, but now we've got a MUCH better interest rate and a 15 year shorter term so we really started making progress in the last year.

Posted in Uncategorized | 5 Comments »

5 Responses to “50k in debt GONE!”

  1. Ima saver Says:
    September 16th, 2011 at 01:20 pm 1316179258
    1316179258

    That's great!

  2. ceejay74 Says:
    September 16th, 2011 at 02:20 pm 1316182842
    1316182842

    Yay yay yay! Oh I'm so happy for you. (I count mortgage debt too. I consider it debt that I want gone someday, so why not?)

  3. snshijuptr Says:
    September 16th, 2011 at 03:46 pm 1316188010
    1316188010

    Congratulations.

  4. PauletteGoddard Says:
    September 16th, 2011 at 05:14 pm 1316193266
    1316193266

    That's magnificent and inspiring.

  5. Jerry Says:
    September 19th, 2011 at 09:00 am 1316422855
    1316422855

    That is some amazing progress, and it just serves as insurance that people can accomplish great things when sticking with a plan, and it can lead to success. Thanks for the example!
    Jerry

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