I AM DEBT-FREEEEEEEEEEEEEEEEEEE (except for our house).
This post has been a long time coming but I wanted to wait
until I knew the EXACT amount we paid off so I needed to wait for my tax
interest statements because I didn’t keep track of how much we were paying
while we did it. I paid off our last
student loan on January 5th ….except
WAIT. The student loan company gave me
the wrong amount and I had to pay off ANOTHER $28.82 on January 22nd. UGH- good riddance you evil companies.
And the grand total of money is……
$103, 616.59
In 3 years and 3 months.
How did we do it?
Check out the “Finances” tab at the top of my blog for the whole story or click on these links: First Emergency Fund Debt Snowball The B Word....Budget
We loosely followed Dave Ramsey’s principles. We DEFINITELY could have paid it off sooner, but we gave in to a few indulgences along the way. But we still put $2, 656.84 towards debt each month…. I can hardly wrap my head around that. It actually makes me sick if I think too much about it and so I’m trying to focus on moving forward.
We loosely followed Dave Ramsey’s principles. We DEFINITELY could have paid it off sooner, but we gave in to a few indulgences along the way. But we still put $2, 656.84 towards debt each month…. I can hardly wrap my head around that. It actually makes me sick if I think too much about it and so I’m trying to focus on moving forward.
So what’s next?
Lavish beach vacation, new clothes, new lifestyle?
Nope.
We are going to chip away at putting $9,000 more in our
emergency fund so we have a magic number of $10,000.
Then we are going to save up so we can purchase a brand new
car WITHOUT a loan (gasp!)
And I tried to buy myself a new Coach tote bag… it was
tinier than the Coach purse I already have so I spent $20 to ship it back and
bought a $15 tote from Target.
Are we easing up a little bit? Yes.
We spent an extra $100 at Costco this month outside of our normal
grocery budget. I bought Lucas some new
clothes that he really didn’t need. Mike
is letting me earn “prizes” for sticking to my nutrition plan every 10
days.
But ultimately we have GOALS. I want to put Lucas through college. I want to retire early and not have to every
worry about money. I want to be able to
give Lucas amazing birthday parties and great life experiences without seeing
us stressed out. And that means that we
will give up eating out on a weekly basis.
That means I will continue to do a monthly budget. That means we will still take out cash every
month. And NO, we aren’t getting cable…
yet ;)