OFFICIALLY DEBT FREE But the House!!!
February 26th, 2008 by Ana
It’s now OFFICIAL!!! I talked to one of hubby’s credit union’s customer service representatives who officially closed out the truck note!! We have officially finished Baby Step Two, which is paying off all debt except the mortgage!!!!
I’m bouncing around, all happy and excited. LOL Just got off the phone with hubby, who said he is excited and happy also. He also is looking forward to making up a new budget without big honking debt payments in it!
Here are the quick stats:
- Just shy of fourteen months. Started on 29th of December, 2006. Finished TODAY the 26th of February, 2008.
- Three “Murphy visits” totalling $1140 in January 2007, $538 in May 2007, and $509 in December 2007.
- Approximately $25,500 in non-mortgage debt paid off (not including amounts paid prior to starting the program … don’t wanna think about all the years of debt payments!)
- Two tax refunds and one part-time pizza delivery job applied in addition to regular income.
Whoa! Wow! Did we really do that? LOL It’s amazing what you can accomplish when you get mad enough and determined enough. Y’all will just have to imagine the amount of hope, excitement, and relief in my voice for this one:
WE’RE DEBT FREE!!!!!!
Next goal: the big honkin’ CASH emergency fund (Baby Step Three).
Posted in debt |
February 26th, 2008 at 4:02 pm
Wow. Congrats. I envy you. I hope to be there soon!
February 26th, 2008 at 4:10 pm
Congrats on paying off your debt!
February 26th, 2008 at 5:06 pm
A huge congratulations! I’m toblerone on the TMMO forums, by the way.
February 26th, 2008 at 5:10 pm
That’s awesome Ana. Congratulations and good luck on the “big honkin’” cash emergency fund.
February 26th, 2008 at 5:12 pm
Just think—-hundreds of dollars a month suddenly free to go into your emergency fund!!!
And now you’re going to have to learn how to invest!
February 26th, 2008 at 5:18 pm
A great big WOOO HOOO goes out to you! Hopefully we’re soon behind you!
February 26th, 2008 at 5:18 pm
TY for all the congrats. SGM: Yes, and it will be CASH
MM: I have been working on that “learn to invest” idea for a few weeks now LOL
February 26th, 2008 at 5:21 pm
YES! YES! YES!
Score one for the ‘home team’!
YES! YES! YES!
YES! YES! YES!
YES! YES! YES!
YES! YES! YES!
YES! YES! YES!
YES! YES! YES!
YES! YES! YES!
You rock,
NCN
February 26th, 2008 at 6:15 pm
Congrats! Invest the new found cash flow wisely!
February 26th, 2008 at 8:09 pm
Yahooooooooooooooo! Congratulations!
February 26th, 2008 at 9:21 pm
Hey! You are an inspiration. I can be done! All the best and congrats.
February 26th, 2008 at 9:25 pm
Good job! How exciting!
February 27th, 2008 at 2:17 am
Wonderful News!!!!! Have you stopped floating yet? I can’t wait till we join you. Congratulations!!
Brad
February 27th, 2008 at 2:27 am
Congratulations!!!
And good luck with the emergency fund (not that you’ll need it!).
February 27th, 2008 at 2:40 am
WAHOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!!!!!!!!!!!!!!!!!!
WHAT INSPIRATION! I will be there soon
You must call Dave. I want to hear you online!
(I have been lurking at your blog for some time now. Sorry to all of a sudden be posting comments, but come ON! This is super exciting!)
February 27th, 2008 at 1:43 pm
“Celebrate, celebrate, dance to the music…” — Three Dog Night
“You’re the inspiration…” — Chicago
And since Dave will play it behind you anyway…
“FREEEEEEEEEEEDOOOOOOOOOOOOOOOOOM!” — William Wallace, “Braveheart”
Congratulations, Ana. You rock harder than AC/DC in a marble-walled bathroom!
“Looking good, Billy Ray!”
“Feeling good, Louis!” — Aykroyd & Murphy, “Trading Places”
February 27th, 2008 at 1:53 pm
Congratulations, though I’m sure the feeling of joy means more than any words of admiration could!
February 27th, 2008 at 3:04 pm
Wow. Thanks again everyone
Happy to have so many celebrating with me! And King Farris, between the song lyrics and the movie quotes you are cracking me up!! LOL!!
February 28th, 2008 at 3:12 am
My heartiest congratulations!
It must be a great feeling, having the chains removed.
Best regards
March 1st, 2008 at 12:49 am
Congratulation Ana! It must be a great feeling.
Thanks for visiting my blog
March 1st, 2008 at 1:20 pm
Good work. I am doing an MMA program to pay off my house faster, but I am not paying $3500 to set it up. You can do it yourself. Brian Orr who is a financial planner has an ebook to tell you how to do it yourself. Very easy.
March 1st, 2008 at 1:56 pm
DebtFreeDave, I’m sure you could find a way to put lipstick on that pig, but for me it’s just not worth it and it sounds too risky in this current housing market.
March 2nd, 2008 at 9:10 am
You just leverage what you already have. What does your bank do for you with your savings account. You save a ton of mortgage interest by parking your money in a heloc and paying your bills off. If you are going backwards each month it wont work. There is no risk.
March 2nd, 2008 at 6:55 pm
Good on you! I am a few months behind you- I hope to be debt free by the time I am 23 in May. Love the blog.
March 3rd, 2008 at 7:04 am
Awesome! What a great accomplishment
Cheers!
March 3rd, 2008 at 11:39 am
wow, that is awesome! congrats!
March 3rd, 2008 at 12:09 pm
big time CONGRATS! Welcome to the other side of consumer debt, called FREEDOM!
Any debt-free celebrations planned?
March 3rd, 2008 at 5:30 pm
W00T! That is incredibly awesome! What an accomplishment — congratulations!
March 4th, 2008 at 10:14 am
Congrats!! How exciting!
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