Friday, January 2, 2015

Debt totals...

January 2014   109,488.31

mortgage 71,932.53
Equity line 23,446,73
student loan 14,109.05

January 2015   97,392.56

mortgage 69, 801.60
equity line 17, 626.10
student loan 9,964.86

I am following Dave Ramsey's snowball goal is to have my equity line paid off by August 2016...the terms of the loan change then. I send them the minimum payment of 75 dollars, and an additional 300 dollars every two weeks.

My student loan payment is 167 dollars a month. I send them 200 dollars every two clock work.

It doesn't seem like much, but when I added the new totals, it was BELOW 100,000.00

Amazing. One income.


  1. Great job, Debbie! And on top of that, you cash flowed your first classes for your master's degree.

    1. Thanks for reading. I am attending part time. One class at a time. It will be a long process, but I did not want to take on any additional debt, student loan, credit cards, or personal loans. My goal is to have my mortgage paid off in 2023. I'm working a lot, spending time with my family, and hope that the right choices are being made in regards to our future. If my kids choose to attend college, they will have to work to help pay for the costs. I will help reimburse them for appropriate grades after their grades would post.

      I feel that it's important for them to learn that education does cost a significant amount of money, and they are capable of managing costs for a community college education prior to attending an university.

      My husband will eventually be a reformed financial success. He's a work in process.

  2. Keep fighting the good fight. You are doing so well! Yes, I do think that kids need to learn the value of education. One of our four children did not do so well one semester and lost a lot of financial aid. We made her sit out a semester and work a couple jobs. That really helped motivate her, and she returned to school as a very hard worker.

  3. You have done an amazing job and helped your mother as well. You should be proud.