Sunday, April 5, 2009

Another One Bites The Dust


In my last post I was very upset over some plans that didn't pan out. I have since gotten over that for the most part and I wanted to say thank you for your thoughts, prayers and kind words.

One plan that is working out a little slower than I would have liked it to, but still happening is becoming debt free. (wooo hooo!)

Today was General Conference (meaning a vacation from church, KIDDING!!!!). We were able to stay home and watch it on TV from the comfort of our couch and wearing those really comfortable, wouldn't dare be seen in public clothes. Anyway... I digress.

The hubbs and I decided it was time to redo our budget. We sat down and were going over our bills and what we had in the bank. One bill that we have had since we got married is his student loan. We had budgeted to pay it off in the next 6 months. We did some more checking and saw that we had enough in our savings accounts to pay it off NOW.

So, we sent the payment off today!!!

ONE MORE DEBT G.O.N.E.!!!!!!!!

If you have debt, get it paid off as soon as you can. Yes... it sucks not having the extra money in the short term, but the feeling of peace and freedom is worth more than that. Plus, if you really looked at how much you are actually paying for things (with interest and finance charges) when you charge or finance them, it is scary. THAT money could be going into YOUR pocket, not the credit card company's.

I am very passionate about becoming debt free. I get a tingle and thrill when we send off the final payments on our debts. We are/were very fortunate not to be heavily in debt.

When we are finally debt free (excluding the house payment) we plan on having a HUGE party to celebrate. You are all invited!

If any one has questions on paying off your debt, I am not an expert, but I will help any way I can. Just put your question in with your comment along with your email address.

I will leave you with these words from www.providentliving.org

We should avoid debt. There is nothing that will cause greater tensions in life than grinding debt, which will make the debtor a slave to creditors. A specific goal, careful planning, and determined self-discipline are required to accomplish this.

N. Eldon Tanner


President N. Eldon Tanner taught: "Those who structure their standard of living to allow a little surplus, control their circumstances. Those who spend a little more than they earn are controlled by their circumstances. They are in bondage”


12 comments:

Kristina P. said...

I like to have some money in savings, especially with the economy, but we don't have a ton of debt, fortunately.

Hey, let me know if your Snuggie doesn't come by Tuesday, so I can contact the eBay seller.

wendy said...

Good for you!!! That is wonderful. I agree, debt is like being in bondage. We don't have alot of what I wish we had, cause I don't want to "charge" it. And since our pennies are hard come by, well, sometimes it makes for a long wait ----but better then feeling suffocated by debt.
What would you like me to bring to the party.

R Max said...

Love that light feeling of another link falling off the noose...

April said...

I wanna come to your party!
I'm so happy you for you! You guys have been working so hard! Good for you! Keep up the great work! Love you.

Lissaloo said...

Good for you, that's a wonderful goal. We are getting closer, it will be a huge relief to get there :)

Tammy said...

The coolest thing is, that once we get the last little bit paid off, ALL of the extra money is going into our adoption fund.

I want you all to come to our Debt Free Party!!! Even if it's only in spirit!

Lynn said...

So happy for you both...that's what I call team work !!!

Random Blonde said...

Any idea how much longer until it becomes adoption fund contributions?? I'm so ready to be an aunt again!! :)

The family said...

I love this idea! I totally want a debt free party!

Tammy said...

I think that we should be able to start 100% adoption funds by next month!

Kristina P. said...

Tammy, did you get your awesome Snuggie?

"FINE"al thoughts... said...

Hello fellow SITSter from Zion! I love your blog. It's always fun to bump into another LDS woman's blog, feels like you found another kindred spirit. Congrats on getting your debt down. I'm trying really really hard with the Dave Ramsey plan to get out of some cc debt we incrued when adding on to our home. While it was a necessary addition I know the feeling of burden that comes with too much debt and always feel like banging my head on the wall when I think about it! Good luck on your upcoming adoption. It sounds like you would be such a fun mother!

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