Consumer debt free!

iVillage Member
Registered: 11-14-2008
Consumer debt free!
Wed, 05-08-2013 - 5:28pm

Well after many years and additions to the debt we are consumer debt free. Hubby paid off our truck loan with our tax refund today. I used to have a ticker for it but it got lost in the board change over never to be seen again.  I have been on the board since 2008.

We have paid off my personal line of credit, Dh's student loan, a car and a truck. We have also paid off my land and building, saved money and are getting there on my store roof loan. We still have a land mortgage and will be saving now for a house and will have a house mortgage too, but the future looks bright. 

I think we will celebrate with a lobster dinner I will cook at some point soon. It is very important to celebrate these things. Paying off debt is very tiresome and a lot of hard work and sacrifice.

This can be done, and it was a lot of money, over  $100,000. I just wanted everyone to know that it is possible and I appreciate everyone's support over the years. I will still be around since we are not out of debt completely. I love to help if I can, because once I was new here too and other people's perspectives can help a lot. 

Happy chipping away at your debt everyone!


iVillage Member
Registered: 04-10-2003
Wed, 05-08-2013 - 7:41pm
YIPEE!!! So excited and doing the happy dance for you!

Bex -

Avatar for poorboy2011
iVillage Member
Registered: 10-02-2011
Wed, 05-08-2013 - 7:46pm

Wow, over $100,000! That will serve as an inspiration for many of us. Congratulations, Karen!

iVillage Member
Registered: 10-17-2010
Wed, 05-08-2013 - 7:57pm

Woo-hoo!!! Congratulations Karen! That's great to hear!

iVillage Member
Registered: 04-08-2008
Thu, 05-09-2013 - 12:33am
Congratulations! That is amazing - way to go. Dee
iVillage Member
Registered: 10-28-2009
Thu, 05-09-2013 - 9:36am

YAHOOOOOOO!!!!!!!!!! CONGRATS!!!!! I am so happy for you and also proud of you!

I do hope you stay a frequent contributor here, you always have great advice to offer, it's valuable.

enjoy your next financial adventure!

Community Leader
Registered: 07-26-1999
Thu, 05-09-2013 - 10:09am
So wonderful to hear it Karen!! You guys have come so far in the last several years, congrats!!
iVillage Member
Registered: 10-09-1999
Thu, 05-09-2013 - 11:06am

Yay, so happy for you & your Hubby!  You have come a long way in just a few years, all of your sacrifice has paid off & will help ensure your future!!!  Saving for a house will be a lot more fun than paying off consumer debt!!  Congrats!



iVillage Member
Registered: 10-01-2008
Thu, 05-09-2013 - 12:57pm

BIG CONGRATULATIONS!  You have reached a big milestone.  I wish you all the best with the roof loan and building your forever home for your family in the near future.


iVillage Member
Registered: 12-31-2010
Thu, 05-09-2013 - 1:23pm
Karen - YAHOOO!! You have done so very well! Heck, you got married and had a baby in this time as well- I am saying SUPER MOM! That small wedding sure was a good choice. Ok, now on to house plans, tell us some things you would like! Or at least give us the count down to the house. -M
Community Leader
Registered: 08-25-2006
Thu, 05-09-2013 - 2:49pm
Woo Hoo!!! So, do I understand correctly that essentially all you have is a mortgage? Outstanding!