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About Me:

ceejay74

I'm the CFO of a three-adult, two-child, two-cat household. There's me (CJ, age 49), my husband (NT, age 50), my wife (AS, age 44), and our kids AA (age 13) and SL (age 11). The cats are named Whiskey and Clue and they're about 12 years old.

Until July 2007 we hadn't been serious about financial stability, but then we started focusing on paying down our massive debt, building an emergency fund and saving for retirement. In October 2010, we finished paying off all of our credit card debt--over $70,000! Adding in student loans and mortgages, we've paid off more than $250,000 of debt so far. In June 2015, we used a windfall to pay off all our remaining non-home-related debt!

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Big picture goals:

Buy a rental property in Minneapolis in 2022

8x income by age 65 OR Coast FIRE by 2031 (tracking retirement in two ways at the moment)

Completely debt-free by age 65 (2039)

My Pages

Reached November debt repayment goal!

November 27th, 2012 at 06:00 am

AS's student loan payment hit, with $128 going to principal. That takes us to $1777 paid for the month, exceeding our goal of $1750.

That takes our total household debt to $300,790. Since our mortgage payments will pay over $800 in principal, that means that in another week, we'll reach the 2012 goal of having less than $300,000 in debt! Hard to believe, but so wonderful. We'll still have a long road ahead, but it seems so much more manageable now than when I first started this blog and this journey.

Posted in Uncategorized | 4 Comments »

4 Responses to “Reached November debt repayment goal!”

LuckyRobin Says:
November 27th, 2012 at 06:08 am 1353996510
1353996510

Tha's great, CJ. You've done an awesome job lowering your debt.
Wino Says:
November 27th, 2012 at 10:53 am 1354013603
1354013603

Well done! Milestones are the markers that keep us going!
CB in the City Says:
November 27th, 2012 at 02:52 pm 1354027957
1354027957

Awesome!
FrugalTexan75 Says:
November 28th, 2012 at 03:28 am 1354073285
1354073285

Way to go!

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Ceejay74's Personal Finance Blog

A blog to help me document my journey out of debt.

Reached November debt repayment goal!

4 Responses to “Reached November debt repayment goal!”

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