I've been wanting to write my big, huge news for a while, but we've been traveling to visit friends and family in England until yesterday, and today a very spoiled little AA has been demanding constant attention. Right now I'm letting her fume in the swing a little bit, hoping she'll get back to her sunny self soon!
Anyway, couple of payments hit. One of AS's student loans got $97 put to principal. And...drum roll, please...
$774 went to my last credit card, eliminating the remaining balance! That's right, we're finally, finally free of all credit card debt!
I made some rough calculations based on spotty recordkeeping from the bad old days. I believe at our lowest point we had about $82,500. Well, $5,000 was "estimated future debt" because I'd already promised NT we could visit England for his sister's wedding when I started the challenge. But we ended up funding the trip without creating any new debt. Also, I ended up transferring $7,402 of credit card debt by using student loan money to "pay" it. So, in actuality we paid off about $70,000 between mid-2007 and now to get where we are.
As this was my first really big milestone, I have to agree with fellow bloggers that it's a bit anticlimactic! But it feels really, really good to have that weight and embarrassment off my mind. I have lots and lots of things I want to do with our money now that our stupidest debt is gone, so now it's a matter of prioritizing wants, needs, donating, spending, saving and repaying, to try and use our money as smartly as possible to enjoy ourselves now while still preparing for the future.
Oh yeah, and I reached the October debt goal! Almost forgot about that. I've paid off $1,820 of debt, exceeding the $1,700 goal.
And then there was none!
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