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Progress to Date

December 27th, 2008 at 10:20 pm

Aside from a modest mortgage, our debt consists of 2 student loans - both mine for college & grad school, plus a used Honda we purchased earlier this year. All in all, the total originally incurred for all 3 of these debts was over $70K.

If we had continued the status quo payments (we had always added a couple hundred a month to pay extra on our debts) I calculated it wouldn't be until 2014 that we'd be rid of all of these debts.

I'm so excited at the conservative prospect of being debt free (except mortgage) by the end of 2011. I'm gonna push that goal as hard as I can!!

Note: we started this new journey back in September - a couple of weeks later our baby was badly burned (he has healed so well!) and we incurred about $2800 in medical bills. Thanks to our efforts these bills have been paid in full as of 2 weeks ago and we are excited about getting back to attacking our debt in the new year.

6 Responses to “Progress to Date”

  1. lizajane Says:

    Sorry to hear about your baby, glad he's doing ok.

  2. crazyliblady Says:

    Welcome to the group. You will find lots of support here. It's great that your baby is doing better. We look forward to your blogs. Big Grin

  3. monkeymama Says:

    Welcome! My hubby stays home with our 2 kids as well. So that caught my eye. You will enjoy it here.

  4. Amber Says:

    I am so sorry to hear about the baby but glad he has healed well and doing better
    Welcome, can't wait to read all your progress

  5. Tijdzhania Says:

    Welcome to the family :-)

  6. fern Says:

    That's fantastic. Good job!

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