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Thread: 2017 debtfree

  1. 01-02-2012, 10:45 PM #1
    Debtfree2017
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    Default 2017 debtfree

    My wife and I have made the declaration that we will
    Be 100 percent debt free in 60 months. We have a huge mountain of debt / both personal and business but have a plan..

    Mortgage is about 600k with a market value on the house of about 400k. Misc other personal and business debt is another 300 k... Of which approx 200 is business debt. Fortunately we have a pretty big shovel and following the baby steps. Snowball has been started and I am looking forward to the snowball growing and growing as the months and years go by.
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  2. 01-03-2012, 03:18 AM #2
    Shewillbemine
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    Good luck! That's a totally attainable goal and timeline, and although it won't be easy, it is well worth it.

    I am at Step 3 and working towards saving a 6 month emergency fund.
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  3. 01-03-2012, 04:40 AM #3
    sinopa27
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    awesome goal!! I am glad you are sharing this journey with us!!
    Step 1 $207/1500
    Step 2 Student loan $160.00 monthly
    Schewels paid
    Step 3 $252/$15000
    Step 4
    Step 5 1 child in college graduates 12/12
    2 child $50.00
    Step 6 $70,761/$93,000
    Step 7 Build wealth & give.
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  4. 01-03-2012, 07:16 AM #4
    Sumacaroni
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    Good luck on this fantastic journey! We'll be cheering for you
    3/26 Afghan #3: 58 done of 191 rows
    Use-it-Up Challenge: 38 tote blocks done
    Crochet Gift Stash: 18 dishcloths, 1 towel, 2 afghans, 2 totes
    Pound-A-Week Challenge: Week 20, dropped 17 of 21 lbs.
    Change Jar Challenge ($vacation$): $49.88 Cashed in for Florida!
    Reading Challenge: 3/12
    ~~~~~~~~~~
    DR Step 1: Done
    DR Step 2: Started 1/2011 w/$19,644, Done: 2/24/2012
    Step 3 by 12/12/12: FFEF: $3850, Truck replacement: $2900
    Step 4: Jack up retirement % by 1/2013
    Step 5: DS19 12/2012, DS14 2015, DD13 2017
    Step 6: Hit the mortgage thru 2018
    Step 7: Build WEALTH & GIVE!
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  5. 01-03-2012, 07:18 AM #5
    khaski
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    Good luck on your journey- I hope you'll keep us posted with updates as you progress!


    May:
    Coupon/drug store rewards:$15
    $ Spent accumulating coupons: $5.99

    YTD totals:
    Coupons/drug store rewards: $759.04
    $ spent getting coupons:$92.70
    2011 total savings:$2068.18 2010:$1066.58

    Meatless dinner: 13/52
    Weight loss challenge:1.4/35
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  6. 01-03-2012, 10:23 AM #6
    OOwl
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    Good luck! You can do it! I used the snowball method, and it worked well for me. Looking forward to your progress!
    Totally debt free since January 2011.
    Fully funded Emergency Fund complete December 12, 2011! Yeah!
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  7. 01-03-2012, 10:29 AM #7
    Russ
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    Best of luck to you!
    Russ

    Truck payments: 10 9 8 7 6 5 4 3 2 1 WAHOO!
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  8. 01-03-2012, 12:18 PM #8
    Michael
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    Good luck, just stick to your plan and it'll happen.
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  9. 01-03-2012, 12:43 PM #9
    nodmicks
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    Good luck! You can do it!
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  10. 01-03-2012, 05:15 PM #10
    kae
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    Best of luck to you!
    K M

    Baby EF: Complete!
    Currently Paying Off Credit Card Debts
    4628/6040


    2012 Change Jar Challenge
    April-
    August-
    December-
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  11. 01-03-2012, 07:28 PM #11
    ncarr
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    Good luck! Plan the work then work the plan!
    I love being a History Teacher!
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  12. 01-03-2012, 07:36 PM #12
    Palooka
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    Good luck. You can do it!
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  13. 01-03-2012, 07:50 PM #13
    qsaver704
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    I look forward to updates! way to go

    mortgage: 80944.47(April 2009),76792.84 (left)
    2012 debts
    1)car approx. $12000

    extra car payments made in 2012-
    2012 flings in 2012:802 so far
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  14. 03-01-2012, 01:04 PM #14
    ARCMOMMY
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    Goodluck to you!!!! I wouldlove to hear about it as you go.
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  15. 03-01-2012, 04:00 PM #15
    gmarie
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    Good luck and welcome! Looking forward to reading about your progress!
    BS1: $1000/$1000
    BS2:
    CC: $0/ $15884
    Other Debt: $0/2487
    Car Loan: $0/11800
    SLs: $20368/54031
    Total Consumer Debt= $20,368/81825

    Timeline:
    10/09 - DH lost Job.
    1/10 - spent 20k to finish DHs degree
    4/10 - Found DR and got Gazelle Intense!!
    1/11 - Paid off last CC!
    2/11 - Downsized from 2400 to 600 sf!
    10/11- Paid off car 3 yrs early!
    1/12 - Paid off DH's Education!

    Next Goal: Own My Degree!
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