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.
Progress to Date
December 27th, 2008 at 10:20 pm
December 27th, 2008 at 10:30 pm 1230417019
December 27th, 2008 at 10:36 pm 1230417385
December 28th, 2008 at 12:06 am 1230422792
December 28th, 2008 at 02:33 am 1230431584
Welcome, can't wait to read all your progress
December 28th, 2008 at 11:05 am 1230462328
December 28th, 2008 at 02:15 pm 1230473702