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  1. 02-04-2011, 09:41 AM #1
    handerson2005
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    Default Another one bites the dust!

    My husband submitted the final payment for our last credit card today!

    We still have 2 outstanding debts to take care of, but we're one step closer - and I can (finally) add a date next to the Bank of America AmEx line on our debt kill list that hangs on our freezer.

    We switched around the order of our debts a little because this was the biggest monkey of our credit cards, so we left the larger of the Sallie Mae and the car payments to the end instead of leaving this one to the very end (both of which are lower interest).

    Next up, kick Sallie Mae out of our house once and for all. Goal - to be done by June 2011.
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  2. 02-04-2011, 09:45 AM #2
    Russ
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    Way to go Heather!
    Russ

    Truck payments: 10 9 8 7 6 5 4 3 2 1 WAHOO!
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  3. 02-04-2011, 12:48 PM #3
    frugal is fun
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    Great Job!!
    Judy


    never loose site of the big picture
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  4. 02-04-2011, 12:57 PM #4
    Ceashels
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    Sweeet! Great job!
    The Free Spirit Saver who walks the path with Greebo.

    Onboard with a modified Dave Ramsey Plan
    Budget: "Every month! On paper, on purpose!"


    Gardening somewhere between Zone 6b and 7a.
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  5. 02-04-2011, 01:35 PM #5
    Ramona
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    Excellent work!
    No spend days 2012 94/365
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  6. 02-04-2011, 02:11 PM #6
    gmarie
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    Congrats! I just paid off my last credit card last night! Feels good, doesn't it?
    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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  7. 02-04-2011, 02:19 PM #7
    handerson2005
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    Thanks everyone! Feels GREAT!
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  8. 02-04-2011, 05:56 PM #8
    lisa0069
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    Awesome, great for you, time for a little celebrating I would say.
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  9. 02-04-2011, 07:42 PM #9
    frugalfranny
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    Great going!!

    And June is coming up quick........the finish line is in view!!!
    Travel light. The baggage of the past can only hold you back.

    January Book List
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  10. 02-04-2011, 07:55 PM #10
    Dancing Lotus
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  11. 02-04-2011, 10:45 PM #11
    Palooka
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    Great job!!
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  12. 02-05-2011, 01:00 AM #12
    Sassyclass
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    Nice job. I'm loving all of the success stories so early in the year.

    Cat
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  13. 02-05-2011, 09:20 AM #13
    nodmicks
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    Way to go!!!!
    ~July 19 saving goal for event $104/$1000
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  14. 02-05-2011, 09:58 AM #14
    Debbie-cat
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    Wonderful! Great job!!
    Dh Bob FIL
    DS (21) at Lakehead U - go Thunderwolves!


    www.ouroldhomestead.blogspot.com

    2012 Exercise Challenge - 5,358 min
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  15. 03-04-2011, 08:35 AM #15
    handerson2005
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    Well, our target for the Sallie Mae to be done was June... we paid it off today!

    Thanks to a tax refund we weren't sure we'd even be getting, the money we had set aside in case we owed taxes, and a bonus, we were able to pay off the loan at a MUCH faster rate than originally planned.

    As of today, my husband owns his college degree and Sallie Mae has been OFFICIALLY kicked out of our house for good!

    Next up, Toyota. It's our last payment to be rid of before being completely debt free. We will likely have another 2 bonuses to help out with it (husband's company does quarterly bonuses, but we never budget them in). Our target (without the bonuses) is October 2011.
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