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  1. 10-22-2011, 07:48 PM #1
    rbec820
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    We're debt freeeeeeeeee!

    My wife and I just got married in August after being together for 5+ years. She's 25 and i'll be 25 next month. We've paid off over $30,000. This debt was a mixture of auto loans, credit cards and student loans.

    I didn't start caring about debt until about two years ago. I was beginning to get tired of living at home with my parents and I didn't want my debt to get in the way of qualifying for a home loan. In 2010, I started to be pro-active with my debt and even sold my motorcycle to contribute towards truck loan. By February of this year, I had reduced my debt by 80% and we got approved for a home loan.

    When we got married in August, my remaining debt was paid off and my wife had approximately $7,000 left. Our last payoffs were $1,099.58 to Sallie Mae and $311 to my dentist (for 2 visits that I didn't realize weren't covered by insurance).

    Funny thing is I really didn't discover Dave Ramsey until this year. I think I was already headed in the right direction, but listening to him and reading his book just motivated me and gave more direction. My wife wasn't as pumped as I was, but went along with things none the less.

    I would like to end by first saying that I give God all the praise for allowing us to be at this point with our finances. Secondly, I just want to encourage those who are still trying to obtain their goal of being debt free. My wife and I weren't making a lot of money, but we had a lot of advantages...living at home with parents, me having a weekend job, etc. I know a lot of you have a family to provide for, which means more financial obligations. Good luck and stay focused!
    Last edited by rbec820; 10-22-2011 at 08:08 PM.
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  2. 10-22-2011, 07:55 PM #2
    pollypurebred39
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    Very nice post, thank you! Giving glory to God first! Woo Hoo!
    ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

    "Whoever said you can't buy happiness forgot about little puppies." -- Gene Hill

    ‎"A woman's heart should be so hidden in God that a man has to seek Him just to find her."
    — Maya Angelou

    ‎"God has the right, and does not require my permission, to rearrange my life to achieve His purposes."– Anonymous

    Live in harmony with each other. Don't be too proud to enjoy the company of ordinary people. And don't think you know it all!

    ~ Romans 12:16, NLT

    The art of being wise is knowing what to overlook.
    William James
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  3. 10-22-2011, 08:03 PM #3
    mh3rdwheel
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    Quote Originally Posted by rbec820 View Post
    My wife and I just got married in August after being together for 5+ years. She's 25 and i'll be 25 next month. We've paid off over $30,000. This debt was a mixture of auto loans, credit cards and student loans.

    I didn't start caring about debt until about two years ago. I was beginning to get tired of living at home with my parents and I didn't want my debt to get in the way of qualifying for a home loan. In 2010, I started to be pro-active with my debt and even sold my motorcycle to contribute towards truck loan. By February of 2011, I had reduced my debt by 80% and we got approved for a home loan.

    When we got married in August, my remaining debt was paid off and my wife had approximately $7,000 left. Our last payoffs were $1,099.58 to Sallie Mae and $311 to my dentist (for 2 visits that I didn't realize weren't covered by insurance).

    Funny thing is I really didn't discover Dave Ramsey until this year. I think I was already headed in the right direction, but listening to him and reading his book just helped me stay motivated. My wife wasn't as pumped as I was, but went along with things none the less.

    I would like to end by first saying that I give God all the praise for allowing us to be at this point with our finances. Secondly, I just want to encourage those who are still trying to obtain their goal of being debt free. My wife and I weren't making a lot of money, but we had a lot of advantages...living at home with parents, me having a weekend job, etc. I know a lot of you have a family to provide for, which means more financial obligations. Good luck and stay focused!
    WTG Thanks for the comment about God, without him we would not be possible. and WOOOHOOO on paying off the debt in such a short time at your age.
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  4. 10-22-2011, 09:23 PM #4
    Ceashels
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    Congratulations!!! What a great way to start out your life together.
    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. 10-23-2011, 12:03 AM #5
    Debbie-cat
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    Congratulations!!!
    Dh Bob FIL
    DS (21) at Lakehead U - go Thunderwolves!


    www.ouroldhomestead.blogspot.com

    2012 Exercise Challenge - 5,358 min
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  6. 10-23-2011, 12:10 AM #6
    frugalfranny
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    Congrats!

    Keep up the great work!
    Travel light. The baggage of the past can only hold you back.

    January Book List
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  7. 10-23-2011, 07:32 AM #7
    homemaker66
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    CONGRATULATIONS!!! GOD is always good he does good by all who believes and praises him. GOD BLESS.
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  8. 10-23-2011, 09:08 AM #8
    Darlene
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    You 2 have it going on! Such a bright future ahead without all that debt on your back.
    ~*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."
    Leo Buscaglia

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  9. 10-23-2011, 10:51 AM #9
    Imarachne
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    Congratulations ! That's awesome !!
    Charity Items 3


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  10. 10-23-2011, 12:43 PM #10
    shoiji
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    Don't ever forget the feeling of paying off your debt. The two of you are really starting out on a great foot financially.
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  11. 10-23-2011, 01:31 PM #11
    pinetree
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    Congratulations! You guys are so young and look how far you have come already!
    Pine trees, with their needles pointing up to heaven, represent everlasting light and life.
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  12. 10-24-2011, 09:01 PM #12
    Palooka
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    Congrats!
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  13. 10-25-2011, 07:28 AM #13
    nodmicks
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    Congratulations!
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  14. 10-25-2011, 07:48 AM #14
    Cedar
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    Congratulations! Great job!
    Cedar’s Challenges

    2012 Change Jar Challenge - $59.36

    2012 20 Wishes Challenge - 0/20

    Little Successes

    Baby Emergency Fund Complete! 5/7/2011
    Be Gone Debts! 9/27/2011
    No more credit cards for me! 10/22/2011
    Fully Funded Emergency Fund! 12/31/2011


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  15. 10-27-2011, 02:54 PM #15
    mango
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    Congrats, well done!!! Must feel great!
    "Too many people spend money they haven't earned, to buy things they don't want, to impress people they don't like."

    Will Rogers (1879) as quoted on Becoming Minimalist, 1 April 2011
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