We had over $100,000 worth of debt when we realized how unnecessary carrying debt is. We want to be the owners of the belongings we use and care for, not some random bank.
We keep track of our debt-milestones in many medias; excel spreadsheets, bullet journals, banking apps, and in notebooks scribbled when we randomly have a thought that has to do with the budget (it’s addicting).
Recently we’ve come up with a current total and here it is:
Personal loan – $6,001.40
Revolving debt – $7,106.54
Vehicle loans – $21,923.56
Student loans – $15,515.83
Total current debt – $50,547.33
We are more than half way toward being debt free! Isn’t that amazing? We had well over 100k in debt and we’ll be below 50k by the end of August.
Such an amazing milestone! *applause*
The last time we were in only (hear my sarcasm) $50,000 of debt was before we were engaged and we each had about 25k of debt, and that was in 2013! How exciting is this?!
The snowball is picking up momentum. The personal loan should be paid off easily by the end of 2017!
Let’s get this.