9 Months Of Debt Gone!

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We declared war on out debt 9 months ago. It doesn’t seem that long ago but time flies whether you want it to or not! In that time I’ve gone to Las Vegas, we’ve done some yard work around our home, and now we’re planning our next big trip to Disney World!

But we’ve also been able to pay $11,473.32 on our debt!

If we hadn’t changed anything, we would have only paid $3488.49. If you would have told me 9 months ago that we had an extra almost $8000 that we could have used on our debt I would have thought you were crazy! It goes to show that you don’t know exactly what is going on unless you budget and track each month!

What We Have Been Doing

In the last 3 months we only had an extra $450, along with the regular payments of $2342.40 to put onto the debt. We spent a bit more on supplies for the yard and house lately, but we are on track!

Doing a monthly budget has been a game changer for us. Using any extra money towards our debt has accelerated our payments, and enabled me to see that we could live on less money, if we had to!

Going Forward

June is a 3 pay month for both of us, so I’m looking forward to being able to put a big chunk down on the student loans! Currently we have paid 43% of our debt! One of my big goals for the year was to be under $10,000 in debt, and we are currently sitting at $15,083.32. I think we’ll easily be able to pay off $5000 in the next 6 months.

I’m getting really excited to have the debt gone so we can use this money for other goals!