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Home > Debt Free in 7 Days! :)

Debt Free in 7 Days! :)

July 11th, 2014 at 11:21 am

Need to get everything wrapped up today since I'm off next week on a family vacation! Next friday is payday and I've already written out the check for my mom to cash so that we are DEBT FREE (aside from mortgages)!

SO exciting. I've been counting this down for the last 2 years! We were briefly debt free two years ago after paying off the student loans, car loans, credit cards, etc. but then I got it in my head that we needed a half bathroom on our main floor. We ended up getting the bathroom/laundry room addition but the amount I had estimated in my head was WAY off. To add approx 100SF addition to our house was 17k (18k including materials we bought). We had some cash on hand but we ended up borrowing from my mom again. In 7 days it is all paid off Smile! I think it was an outrageous price but it has made our house so much more livable. It was much easier to potty train our girly and its nice not having to send guests (some of them elderly family) up the stairs every time they needed to use a restroom. Plus having laundry within steps of the kitchen/family room has been a nice change.

I want things to stick this time. We've got to play catch up on some car issues and other things we've neglected since throwing it all at the debt, but I want to make sure other house repairs are done with CASH and that we build up a tiny emergency fund. This website has been awesome with keeping me accountable. I don't post often but I'm always here checking in and reading up on everyone else's progress which I think helps!

7 Responses to “Debt Free in 7 Days! :)”

  1. SecretarySaving Says:
    1405079488

    Great job! You should be very proud!

  2. guppy Says:
    1405081060

    Thanks Smile!

  3. MonkeyMama Says:
    1405082018

    IT seems fairly common to jump back into debt the second one is out of debt. Here is to it sticking this time! Yay!!

  4. creditcardfree Says:
    1405089173

    Awesome! I'm sure that extra bath/laundry will be a great selling point if you ever go to sell.

  5. Permanent Temp Says:
    1405094923

    Yay good for you!

  6. guppy Says:
    1405097597

    Zillow unfortunately only showed a $2,500 increase which was disheartening! We were planning on moving a couple years ago but with the addition it has made us more open to staying here until the mortgage is paid off. Now if only our school district wasnt so poor and we didnt have to pay for private school!

  7. wowitsawonderfullife Says:
    1405127804

    Congrats. We did a small addition as well and it was worth far more than what it showed on paper.

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