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Thread: Debt going down!
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02-06-2006, 06:29 AM #1Registered User
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Debt going down!
Sold the rv! Yes! Load off my mind. A sweet older couple bought it, she was really tickled. It didn't bring what I needed so I've had to use my snowball money for pretty much the whole month to settle this debt, but it's worth it. This will give me $400 more a month to pay down debt.
So anyway, the total debt since September '05 was around the $50,000 mark (not including the mortgage). As of today the mark is $29,000! Yay. That's 21k in 5 months! The sale of the rv and a large bonus accounted for $16,000 of it, the rest we've done all on our own, $5000 worth. Averaging about a grand down on debt per month. Not bad, not bad at all.
Next month we're really gonna have the ball rolling on our car loan, and hopefully kick it out in 5 months. After that is the last debt, the student loan.
Keep working the plan, the plan works.
Bring on them baby steps...
Step 1: done
Step 2: waiting on amount, hubby had followup colonoscopy, I had visit to ER with followup procedure
Step 3: to follow, won't know aim until things settle
Step 4: to follow, currently at 6%
Step 5: grown child
Step 6: huge mortgage ANNIHILATED!!
Step 7: ahhhh....
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02-06-2006, 06:37 AM #2Registered User
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WooHoo WTG Pammy!
~~ Dee ~~
8 Years Cancer FREE!
25 July 2003
Married to my sweetie, Jack
25 yrs.
Mama to 27 furbaby 'Katz' (as my hubby calls them LOL)
Nicky, Snowy, Olga, Ralphie, Sidney, Oliver, Fonz, Audra, Hoss, Peanut, Madeline, Tigger, Alice, Poppy,Teddy Bear, Mittens, Conan, Sherman, Trapper, Radar, Maxie, Annie, Rocky, Kali (AKA P.I.T.A), Jethro, Chewy Lewy, and Chance!
Don't forget to do self examinations monthly and have regular mammograms!
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02-06-2006, 06:49 AM #3Super Moderator
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And what a plan it is! Good for you, you're doing great!
~*Darlene*~
Live Well~LaughOften~Love Much
"Too often we underestimate the power of a touch, a smile, a kind word, a listening ear, an honest compliment, or the smallest act of caring, all of which have the potential to turn a life around."
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02-06-2006, 07:28 AM #4Registered User
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You have been doing so Great !
I am doing a Happy Dance for Pammyboat
Starting Totally Over. Working on the Dave Ramsey Baby Steps!
Challenges:
Baby Emergency Fund: $500.32/ $1000
Debt :
Visa $967.28/ $1000
Mortgage $41,411.40/52,000
Other:
Retirement Savings $115,330.25
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02-06-2006, 07:32 AM #5Registered User
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WTG Girlfriend! Woo Hoo!
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02-06-2006, 08:33 AM #6Registered User
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that's great!!!
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02-06-2006, 08:44 AM #7
Woo hoo wonderful news. And yes, the plan works. Great job.
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02-06-2006, 10:07 AM #8Registered User
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Great job- glad you finally got that RV sold.
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02-06-2006, 10:08 AM #9Registered User
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Congratulations! I jumped for joy when we sold our unused vehicle.
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02-06-2006, 12:48 PM #10KimBob
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02-06-2006, 05:40 PM #11Registered User
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WOOHOO! I am glad the RV finally sold! You are getting closer and closer to being debt free!
~*Michelle*~
~Wife to Rick since Dec. 19, 1986~ ~Mother to Richard, 23, Chris, 21, and Dakota, 17~~Mother-in-law to Amber, wife of Richard~~Elementary Teacher~
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02-06-2006, 05:44 PM #12Registered User
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Great job! Keep going!!!
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02-06-2006, 07:26 PM #13Moderator aka AmyBob
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That is FABULOUS news! You must feel so great!
My Blog: http://amysreallife.wordpress.com
Amy
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Our Only Debt: Mortgage - $454,243.56
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02-06-2006, 07:35 PM #14Registered User
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02-06-2006, 08:06 PM #15Registered User
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That is awesome! What a relief!
Jennifer
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