Wednesday, December 31, 2008

Debt Obliterated

On March 8, 2006, between 2 student loans and a credit card bill, V and I had 31 THOUSAND 8 HUNDRED and 23 dollars in debt. Well fast forward 33 months, 2 children, and a boatload of sacrifice later, and we are (absurdly) proud to announce that as of 8:34 am on December 31, we will officially be entering the new year of 2009 DEBT FREE!!!!!!!!!!!!!!!!!!!!!!!

The progression was about $2000 paid off in 2006 (not much but you've gotta start somewhere), $12000 in 2007, and a whopping $19000 in 2008. Of course, I've already got my eye on baby step #6, which is paying off our home early... but one step at a time. As for now, I could write a book about what it took for us to get here and what we plan to do next now that the money we make at work will actually be ours! (we get to keep our own money... what a concept... lol)... but instead, we just want to...

1. thank everyone who was supportive of us during the grueling process of babysteps 1 & 2
2. thank the people that we know who are steps ahead of us in the babystep game for encouraging us through their example and reminding us that it can be done... and lastly,
3. send an encouraging word to the handful of people that have joined us on this journey of financial freedom.  

So Happy New Year from the newest debt-free family! 

... And no, you can't borrow 10 dollars.



5 comments:

Grandma said...

OMG ! I am so proud of you both! I can't even begin to imagine what that feels like. What an accomplishment. Wow you guys are back to what normal is supposed to be. Amazing. Just plain ole amazing. You just keep on amazing me.

PHYLLIS said...

Congrats! What a blessing. Thanks for sharing your journey too. Perhaps you should write a book:) Oh, can I hold $5? lol!

Tamara said...

This is awesome!! Talk about a true Happy New Year! :-) I am so happy for you all. Your testimony is very encouraging!

DeVon and Danah said...

Way to Go Guys!!!! Has it been that long?!! Time sure flies...We are proud of you and this encourages us to keep plugging along.

Miranda said...

Congratulations!!! What a blessing and wonderful way to begin the New Year! That is very encouraging and inspires me to continue to strive to become debt-free. Thanks for always being an example of God's favor and love. Love you all and God bless!