Monday, March 31, 2008

HALFWAY!

Had a wonderful Dave Ramsey-inspired, CHEETAH moment this weekend...we had one of our final "large lump sum" checks come in and, as of 10 minutes ago, we are officially HALFWAY to being debt free!

We started with $28K in debt between credit cards, medical, and student loan responsibilities. And, that check arrived Friday for about $5400 and I just made an online payment for $5200 to Cap*tal One. (We withheld about $200 for a secret summer possibility.) And, that payment took us under $14K remaining!

We have two more "extra" checks still coming - the tax stimulus ck and an amended 2006 tax check (we apparently overpaid in a category we weren't aware of at the time). Those along with the regularly scheduled snowball payment will "kill" Cap*tal One in the next month! That will leave one credit card and then my student loan!

WA-HOOOO! CCHHEETTAAHH!

5 comments:

Thea said...

That is awesome! I know how hard you've been working to get that down and you are more than HALFWAY there! Great job!!

Debbie said...

Congrats! It's an awesome feeling to pay off debt!

Anonymous said...

Awesome!!! Congratulations! Let me know when you make the big "We're Debt Free" call ... I want to be listening/watching. :) ~Melanie

Jessie said...

OH HAPPY DAY!!!!!!

Anonymous said...

Congrats!

You guys are doing awesome to have paid off 14K since last Fall!! I know it's hard but you are both hanging in there and doing great! Looking forward to the "debt free" call.

Jill