Remember back in September I told you we were going to be debt free as soon as possible by following the Dave Ramsey Plan? Then, I updated you in Mid-October to let you know that we were on baby step 2, paying off our debt? And in December I told you how we budgeted for an all cash Christmas. (Don't forget me revealing my ghetto blinds, too). And, again in May, I updated you letting you know we had paid off our van (actually in March) and we were working on our savings and student loans?
Well, guess what…the time has come! As of today, Tuesday, July 27th, we paid off Mr. Serious' student loan.
And, now….WE ARE
{ image: DaveRamsey.com}
(Well, except the house, because Dave Ramsey says you don't count that..but of course, we are still paying that off).
Now, we are working on the emergency savings fund. Then, it's upping our retirement and the kids' college funds.
We are definitely well on our way.
Looking back, it's embarrassing and a little upsetting to think about how much money we "threw" away and wasted before we had kids. Now, we are living frugally, on a budget and we don't spend nearly what we make. We aren't reaching into our savings account for day-to-day expenses, and we are saving money.
And, it's really not that hard. Making the budget and looking at what you are spending is really eye-opening and the perfect place to start.
Are you on the way to becoming debt free? Do you have any questions for me? Please ask..you know I will shoot you straight!
{ 50 comments… read them below or add one }
← Previous Comments
Congratulations! That is so exciting! I can’t wait to the day that I can say that I have paid off my school loans…i mean i really really can wait!
Trust me..it really is a good feeling. And, you will tell everybody.
WOOOOOfreakin’HOOOOOOOOO! Way to go. That is awesome, what an incredible burden to have freed yourself from! congrats and enjoy.
Twitter: 7clowncircus
July 27, 2010 at 4:48 pm
Seriously fantastic. Way to go. I think we still owe on Jeff’s student loans for oh, like, 30 years.
Twitter: bytesofmemory
July 27, 2010 at 4:51 pm
yay!! How exciting!! We are working on ours too! We have been working on ours since April and will be paying off our first big thing in November!! woohoo!!
Congrats, Lindsay, that is awesome! You’ll have to keep us posted.
Yay you! That’s got to feel wonderful. When the hubs & I started dating our junior year of college I had over $1000 on a credit card. He sat me down & we had a big talk about money, and I paid it off that summer. From that point on we’ve never had any debt (besides our house) & it makes life so much less stressful! You should be very proud of yourselves
That’s great! We didn’t have too much, but it is still nicer not having anything except the house).
I made my last debt payment July 25! Now I have to pay for the house to sell and the wedding!
Hey…how is the house selling going, anyways?
Awesome!! What an accomplishment! Yes, you have every right to shout it from the rooftops!
SOOOOOO excited for you and Mr. Serious! For real. Congratulations.
Twitter: SassyModernMom
July 27, 2010 at 8:55 pm
Congrats! I too shake my head at the way we used to spend money. It flew threw our hands when we were a two income no kids family. Sigh. ..but it was fun!
Seriously, when we had a ton more money, we didn’t even realize it..and now that we pay our daycare more than our mortgage company…we realize it.
Twitter: watchinggrass
July 28, 2010 at 9:51 am
Crap, something went wrong and I lost my comment. Grrr…I’ll try again.
This was my first time here…well, second, now that my comment poofed…but congratulations on your debt-free accomplishments. I would love to say that we were close, or even had a hope of ever being debt-free, but I’d be lying my face off.
And good job on the paci send-off! I’m sure it was heartbreaking. I CRINGE when I see four and five year-olds running around with pacifiers in their mouths.
I’ll be back!
Sorry you had to come back and comment, but I’m so glad you did.
Now is as good of a time as any, right? It seriously helps so much to sit down and make a budget and see what you are spending money on. We realized we were spending way too much money on food. Seriously, we don’t need all of that!
And, thanks about the paci. I wasn’t ready to let it go:)
I can’t wait to shout it from the rooftops that we are DEBT FREE! We just started a plan 2 months ago and it is amazing what we have already accomplished! Congrats to you!
Isn’t it crazy to see the changes so quickly. I think the biggest thing that helped us was the budget.
Awesome and very exciting!!! We just started with good ‘ole Dave about a month ago, so we have a ways to go, but at least we’re on the path to eradicating that nasty debt!
Hey, every month on the plan is a month in the right direction, right? You’re on your way. Congrats!
I am so happy for you! I have definitely been extremely conscious of my money for the last year and am working on being debt free as well. But I feel I am a LONG way off and that is scary to me. Like, really scary
CONGRATS!! Ireally wish we were debt free- far from it! i’d love to be able to not worry about bills. we’re living on a tight budget and we’re trying to pay cash- not charge anything.
annae07 at aol dot com
Thanks! You can do it! The biggest thing is getting the budget inline and finding that extra money where every you can!
And, cut up those credit cards! If you don’t have them, you can’t use them.
← Previous Comments
{ 2 trackbacks }