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  1. 02-24-2008, 10:03 PM #1
    frugalmom07
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    Default Almost debt free!!!

    Well, with our tax return we have paid off all but 1 credit card!
    Now we can send $700 a month to the last card, and maybe more ,so we can pay it off in 4 months.
    Then all we will have left is our mortgage, which we hope to pay off in about 7 - 8 years. We have lived here only 1 1/2 years. So will be paying off the mortgage in 8 -9 years instead of 30!!!
    Using the envelope system has really got us going on this.
    We always thought we never had enough money for the month before starting this, then we realized after about 2 months, that we actually had around $250 extra each month. Had no idea where it was going.
    Now, with only the 1 credit card left, there is an extra $700 going to debt.
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  2. 02-24-2008, 11:43 PM #2
    Samigirl
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    Good job! Keep up the good work!


    How much we enjoy what we have is more important than how much we have. Life is full of people who have more than they know what to do with, but cannot be content. It is the capacity to enjoy life that brings contentment.---Unknown
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  3. 02-24-2008, 11:44 PM #3
    Jessesbride
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    Yeah!!! I'm SOOOOO Happy for you!!!!
    Waiting is teaching me to lean on Jesus that much harder!!!
    Married 5 years to the man of my dreams!
    Planning on adopting!!!

    ME: DH: Jesse , DS: Austin
    Not your usual family but a great one nonetheless ...
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  4. 02-25-2008, 07:37 AM #4
    homemaker66
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    GREAT job now just remember snowball,snowball. This makes you feel so much better now I bet.
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  5. 02-25-2008, 07:55 AM #5
    frugal-fannie
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    great job! I hope to be there soon.
    The problem with a living sacrifice is, it always trys to crawl off the alter.- Chuck Swindoll
    debt 59,076.95/148,000 first mortgage 407131.74/ 515,000 2nd mtg,creative fin.-rental houses fix up 342035.13.pfcu-16,000,FCU-10,AMX-4925.71-0%, Chase Freedom $1500.00 Chase, 2500.00 35315.72+30-70315.72 13,129.28 /22,000 land payment
    29199.33 / 38,000 land pmt $42,328.61
    balance owed 705,000.00/493756.41 30000 or less- final fix up for rentals 40315.72- total high interest debt pay down
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  6. 02-25-2008, 09:16 AM #6
    Royal
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    Good job! That must feel great!!
    Married to DH(11 years)
    Mama to DS(8) & DS(6)
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  7. 02-25-2008, 09:23 AM #7
    sweetlittle
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    Great Job! I'm inspired. I've ordered a number of books from the library and am hoping to see how to set up a envolope system soon. Thanks for the post!
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  8. 02-25-2008, 12:47 PM #8
    KJayEsq
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    That's great news! I use the envelope system too and it's made a huge difference - amazing how much money is actually leftover at the end of the month.
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  9. 02-25-2008, 02:21 PM #9
    kittykatstrong
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    WTG!!! I am so happy for you!
    Katy
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  10. 02-25-2008, 03:48 PM #10
    julieb
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  11. 02-26-2008, 05:55 AM #11
    larabelle
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    GREAT GOING!!!
    Baby Step #1 Done!
    Baby Step #2 Beginnning debt balance 01/01/08 $78K /Paid in full on 08/06/10
    I'm debt freeeee............ GOD IS SO GOOD!!!
    Baby Step#3 Goal: One year emergency fund began saving Jan 2011 accumulated Aug 2011 YIPPEE!!! God is sooo good to me!!!
    Baby Step #4 Yep currently doing this.
    Baby Step #5 No kids so no need.
    Baby Step #6 Renter.. Working on putting 100% down on a house!!! Currently have 25% saved.
    Baby Step #7 Someday.......
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