woohoo! done, done, done!

iVillage Member
Registered: 01-20-2010
woohoo! done, done, done!
5
Wed, 11-20-2013 - 8:56am

good morning dsg!  

i haven't posted for a few months, but wanted to come and share the news-  we are debt free!  

we started feb 2010 with $119,562 in debt.  we have been busting it down ever since.  that amount was a mix of credit card, car, and student loan debt.  took us 3 years and 7 months but we are DONE!  we have been putting away for the efund since and have about half of it established already.  

it's been so much fun in our house with discussions of saving and investing!  i already kicked back up to the match on retirement (we stopped it about halfway through to speed us up).  we have been interviewing financial advisors and will up to 15% at the beginning of the new year.   there are 100 things floating in the air that we would like to do and we are working to prioritize them and get a new action plan in place.  

the best part about being debt free right before the holidays is that we are planning to be extra generous this year.  we are going to really be looking for opportunities to help others around us who need a boost.  we have always found ways to give, even with our meager budget amounts to give to the food bank or other.  this year we will be doing much more and i have never been so excited for the holidays.

i just wanted to post to say,  don't give up.  wherever you are in your debt payoff journey-  don't give up.  every single penny adds up and every extra payment does really move the needle.  it's hard and overwhelming at times.  but i know that you all came to this board looking for a brighter future and less stress about your finances (i know that's why i started posting here many years ago).    you can all do it,  i believe in each of you.  keep up the good work.

and last-  norma-  look how close you are?!!?  i remember posting (maybe a zillion years ago) that i was going to race you to the finish line.  i wish you nothing but happiness and a fast finish of your own.

thanks.  all my best.

andi

Avatar for mahopac
iVillage Member
Registered: 07-24-1997
Wed, 11-20-2013 - 10:50am

Applause, applause, and CONGRATULATIONS!!!

You were at about the same level of debt I was when I started in July 2004.  We paid off our debt (credit card, personal loans and HELOC) in April 2008, 15 months ahead of schedule.  We have been debt-free ever since.

What are some of the things you are thinking about doing next?

iVillage Member
Registered: 10-09-1999
Wed, 11-20-2013 - 11:20am

Congrats!  We are almost there should finish our mortgage by Christmas.  Can't wait.  Yep, I'd also be interested to hear what kind of investing you guys are going to be doing...

Cindylee

iVillage Member
Registered: 10-01-2008
Wed, 11-20-2013 - 1:14pm

BIGGGGGGGGEST of {{{{HUGS}}}} and Congratulations Andi.... ha ha ha you bet me....but not by much!!!    I am looking so forward to joining you.  Except we will still owe for our house, which is what they call good debt.  But I have plans for that too! 

I love your approach to the whole debt busting and investing is something I think I may seek professional advise on or at least from a prior co-worker at a local bank.  He's a whiz at numbers and free!

Again, may I offer my BIGGGGEST country yell " Way to go GAL!"


Community Leader
Registered: 08-25-2006
Thu, 11-21-2013 - 4:33pm

Congrats!  We do need to hear the success stories. 

Serenity CL making a second marriage work

Serenity
iVillage Member
Registered: 11-14-2008
Fri, 11-22-2013 - 10:54am
So so so so proud of you! And you did it with renos, babies and new jobs! Good luck on your next chapter of life! Isn't saving fun!