Without further ado, after a year of working toward a goal of paying off $15,000 of debt (save for about 6 weeks where I fell off the wagon), my debt load has been reduced by a total of...
$17,035.14
I still have a $1,000 emergency fund in the bank. My net worth has improved by $17,806. My stress level has decreased by a billion percent. My happiness has increased, to quote one of my children, "one hundred million a jillion times."
Here is a balance update:
Direct Deposit Advance - $0/$550
Store Card 1 - $0/$323
Credit Card 1 - $0/$400
Line of Credit - $0/$510
Credit Card 2 - $0/$685
Store Card 2 - $0/$2,798
Auto Loan - $0/$4,140
Credit Card 4 - $1,933/$5,150
Credit Card 3 - $3,564/$4,577
Student Loan 1 - $1,705/$1951
Student Loan 2 - $2,046/$3,148
Student Loan 3 - $4,926/$5,614
Student Loan 4 - $5,538/$6,048
I'm almost half-way done!! According to my debt tracker, I'm currently scheduled to pay off my debt in July 2012 which, coincidently, is the same month in which my fiance and I intend to wed. As I've gone through this process, that date has moved up more and more, so I'm actually hoping to be able to pay everything off prior to the wedding and still pull off a great celebration without any debt. How awesome would it be to enter our marriage without these financial burdens?
Credit Card 4 - $1,933/$5,150
Credit Card 3 - $3,564/$4,577
Student Loan 1 - $1,705/$1951
Student Loan 2 - $2,046/$3,148
Student Loan 3 - $4,926/$5,614
Student Loan 4 - $5,538/$6,048
I'm almost half-way done!! According to my debt tracker, I'm currently scheduled to pay off my debt in July 2012 which, coincidently, is the same month in which my fiance and I intend to wed. As I've gone through this process, that date has moved up more and more, so I'm actually hoping to be able to pay everything off prior to the wedding and still pull off a great celebration without any debt. How awesome would it be to enter our marriage without these financial burdens?
