Ok, so who else can I share this with that would possibly care or understand?!?! THE VILLAGE!!!
Ok, so before I share this, you have to understand that DH and I are admittedly in a different financial situation than many of you....we're fortunate...and frugal!! We have had a 0% car loan for 4.5 years....and this morning DH must have finally had enough of my nagging - he said "Let's pay off the car this morning" So I quickly hopped online and transferred the money out of our account and transferred it to Chase Auto before he could change his mind....wait, it gets better - he also bought a riding lawn mower last year with his bonus, but it was a 12 mo same as cash. We hadn't paid anything on it, cause it wasn't due till May, but he said "Let's pay that off too!" WOOHOO - I did that fast too! To top it off, our son was just accepted yesterday in the talented and gifted program at school, so next year he'll be in the public school (we have had to have him in an accelerated private program this year) - so that will free up 269.00 a month next year. 385.oo (car) + 269.00 (school) = 654.00 extra a month on mortgage!!!!!!! I am so excited!!!!!!!!!!! In about a month - we hope to be yelling "I'M DEBT FREE!!!!!!!" We only have a c/c with 800.00 and a few 100 in misc medicals left.....we could pay it off right now - but we will wait till next month. The snow may be over - but the snowball is just starting!
Ok, I think that means we are getting ready to leapfrog ourselves somewhere between baby steps 4,5 and 6. We already invest some in retirement, we are investing 100.00 a month for college (not alot, but a start) - and the snowball is starting to roll on top of the mortgage.
Thanks for listening. I don'w want to seem proud or bragging - I am just SO excited!!!! No one else would understand why anyone in their right mind would pay off a zero interest loan early. In the last few months, we have paid off around 9000.00 in zero interest money cause we were sick and tired of making the payments and we wanted the money to go on our mortage of 127000.00 - we could have that paid off in around 5 years or so CAN YOU BELIEVE IT?!?!?!? I had no idea that we were that close to being debt free!!!! After paying everything off so far, we have about 9 months of expenses still in savings - (ok, I am done going on and on - thanks for listening!)
__________________ :
Traci
dh 17 years
ds 11 ~ Russia
ds 11 ~ Russia
dd 4 ~ China
Debt is debt & paying it off is a good thing. I'm sure your creditors who you bought the items from are glad to have it paid in full too. Good for you!
__________________ ~*Darlene*~
Live Well~Laugh Often~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
You definitely have something to brag about. Congratulaions!
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"Strong is what we make each other." ~ Marge Piercy
2010:
Penny Challenge: $0.21 Change jar Challenge: $1.25 Quarters for Debt: $3.25 Grocery Challenge: $ Coupons: $309.59 EF Challenge: $73.10
chef2: No More Eating Out Challenge: 7/365 Book Club Challenge:
Sing it from the roof tops, sister!! Congratulations!!!
__________________
Mom to two crazy boys
and wife to Mr. Wonderful
"A smile starts on the lips, A grin spreads to the eyes, A chuckle comes from the belly; But a good laugh bursts forth from the soul, Overflows, and bubbles all around." --Carolyn Birmingham
Avatar picture: My new friend (Ain't he a beaut?) Taken at Blanco SP, Blanco, Texas. March, 2010.
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EF- $1648 /$8000 (starting all over after having to buy a car)
Mortgage -- $58,097.96
March Emergency Fund Challenge-- $300 /$400
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"The time to save is now. When a dog gets a bone, he doesn't go out and make a down payment on a bigger bone. He buries the one he's got." --Will Rogers
Avatar picture: My new friend (Ain't he a beaut?) Taken at Blanco SP, Blanco, Texas. March, 2010.
----------------------
EF- $1648 /$8000 (starting all over after having to buy a car)
Mortgage -- $58,097.96
March Emergency Fund Challenge-- $300 /$400
----------------------
"The time to save is now. When a dog gets a bone, he doesn't go out and make a down payment on a bigger bone. He buries the one he's got." --Will Rogers