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Passed a milestone I didn't even notice

December 18th, 2008 at 06:16 pm

So I started this journey in July 2007 with $457,714 [EDIT $459,388; my initial tally back in '07 must have been a little off, because I've been scrupulous about tracking debt paid and debt remaining, and those add up to this amount] in current and anticipated debt. And I've paid off $48,344 since then. I've been keeping an eye on the total amount so I could celebrate passing the $50,000 mark, but I just realized another milestone that I actually passed in November and didn't even notice: we've paid off more than 10% of our entire debt!

Could I really have missed that? I looked through my November entries and don't see mention of it, so I guess it escaped my notice.

Someone (creditcardfree, maybe?) posted recently about how it's important to note these little steps. And since our debt repayment is going to go way slower for an indefinite time period, I'll celebrate anything that helps me keep my enthusiasm up.

Posted in Uncategorized | 16 Comments »

16 Responses to “Passed a milestone I didn't even notice”

  1. kdmoffett25 Says:
    December 18th, 2008 at 06:33 pm 1229625215
    1229625215

    Congrats!

  2. Ima saver Says:
    December 18th, 2008 at 06:41 pm 1229625703
    1229625703

    Good for you!!

  3. clubneary Says:
    December 18th, 2008 at 06:48 pm 1229626132
    1229626132

    Congrats! Celebrate every step no matter how small.

  4. thriftorama Says:
    December 18th, 2008 at 07:10 pm 1229627404
    1229627404

    I think you should be proud.

  5. Slowlygettingthere Says:
    December 18th, 2008 at 07:10 pm 1229627447
    1229627447

    That is incredible... It is so encouraging to see your success.

  6. fruitbowlk Says:
    December 18th, 2008 at 07:23 pm 1229628203
    1229628203

    Woohoo.

  7. whitestripe Says:
    December 18th, 2008 at 07:37 pm 1229629029
    1229629029

    well done!

  8. merch Says:
    December 18th, 2008 at 07:55 pm 1229630114
    1229630114

    Great job!!! And can't wait for you to pay off $50k!!!!

    It's amazing that once this thing starts working for you, the amount of free cash you have. Even when someone in your household loses a job.

    Great focus to on the budget! You might want to do something a little special when you hit $50k - a little champagne?

  9. creditcardfree Says:
    December 18th, 2008 at 08:00 pm 1229630419
    1229630419

    Way to go!! Every small step will lead you to the goal. Happy dancing with ya!!

  10. ceejay74 Says:
    December 18th, 2008 at 09:45 pm 1229636759
    1229636759

    Aww, thanks guys! Smile I'm really happy, but also a little sad that I still have so far to go after a year and a half. I know I could have cut out more optional spending, worked more jobs, and made a lot more progress, and sometimes I kick myself for not doing that...but then again I think that maybe the reason I've been able to be so steady about it is because I paced myself.

    Anyway, it took me 10 years to get into this much debt, so I should have patience getting out of it. Smile

  11. mom-sense Says:
    December 19th, 2008 at 12:21 am 1229646099
    1229646099


    Very nice!

  12. frugaltexan75 Says:
    December 19th, 2008 at 02:17 am 1229653029
    1229653029

    Congrats! Now figure out what 20% would be and strive towards that amount. Smile

  13. Broken Arrow Says:
    December 19th, 2008 at 02:16 pm 1229696166
    1229696166

    Erased 50k in one year? Yikes! Color me jealous. Well, maybe you had 3 adults all pitching in, but still, that is super impressive. Congrats!

  14. ceejay74 Says:
    December 19th, 2008 at 04:15 pm 1229703307
    1229703307

    BA: Well, 48K in a year and a half, so more like $30K a year. It was all the third income; now that AS is laid off we won't be doing nearly that this year.

  15. Koppur Says:
    December 19th, 2008 at 05:15 pm 1229706900
    1229706900

    Congrats!!! You kick butt! Smile

  16. baselle Says:
    December 20th, 2008 at 05:57 am 1229752630
    1229752630

    Congratulations! You and Merch are real inspirations!

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