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Thread: Payed off another item- 2 left!
03-18-2011, 11:32 AM #1
Payed off another item- 2 left!
Using part of our tax return I just payed off the last $3433.71 on hubby's business loan he used to buy his lathe. Frees up the $305 a month payment, paid off roughly 2 years early, not sure of exact end date had we just done minimums.
$8k left- $2k cc, $6k LOC for business, then DEBT FREE except our mortgage, which is roughly $1500 a month. Have paid off about $19k in 8 months...WOW! Has been worth all the sacrifice of seeing big checks -gone- to debt repayment instead of used to eat out and buy more -stuff- (as I sometimes remind hubby, 'Yes, I know you're working your tail off and it feels like we have 'no money', but that's because we spent it before we made it (stupid tax)'!. WAY BETTER this way, can't wait to be done, done, DONE! Should be able to do so by end of year, if hubby's home business stays somewhat steady and OT at his 'real' job does same. Even if not, should make our original goal of all paid off by 3/12.
YAY YAY YAYSlow and steady wins the race....eventually!
Kill the mortgage! Goal: 12/2023 (looking less and less likely, but I'm not changing that date YET)
Left to go: $126,661.61
Extra paid:2015-$2909.27 + $153.54 escrow
2016-$1325.87 +$120 escrow
- 03-18-2011, 04:09 PM #2
Congratulations!03-22-2011, 12:53 PM #3
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Holy cow! You are on a mission girl. Congrats on a terrific job.
Cat03-22-2011, 04:04 PM #4
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Wonderful!!! What an inspiration you are! Congrats!03-22-2011, 11:22 PM #503-23-2011, 08:28 AM #6
Nice work!!03-23-2011, 09:02 AM #7
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I really like this:Has been worth all the sacrifice of seeing big checks -gone- to debt repayment instead of used to eat out and buy more -stuff- (as I sometimes remind hubby, 'Yes, I know you're working your tail off and it feels like we have 'no money', but that's because we spent it before we made it (stupid tax)'!.~Russ
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