A blog to help me document my journey out of debt.
I'm the CFO of a three-adult, two-child, two-cat household. There's me (CJ, age 45), my husband (NT, age 46), my wife (AS, age 40), and our kids AA (age 9) and SL (age 7). Oh, and the cats are named Whiskey and Clue.
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!
Big picture goals:
$512,564 in retirement assets by March 2019
Balance as of 1/31/2018: $404,682
Ultimate goal: 8x annual income by retirement
Explore selling UK flat and buying a rental property in Minneapolis