Well, almost. As of 09/01/09 Allison and I will be completely debt free with the exception of our house. We started paying down the debt that we had 18 months ago with the intention of getting it completely paid off. In February of 2008 we had a car loan, my student loan from college, and Allison's student loans from Law school. Also, our house was on the market with the intention of getting another house that would have increased our home debt.
On night, were sitting in the living room talking and watching the Dave Ramsey show on the Fox Business channel. We were trying to determine how much we could spend on a house and it was almost like a light bulb went off at the same time in both or our heads. Our conversation immediately turned to taking our house off of the market and getting out of debt. We instantly put together a plan that would get us out of debt in 21 months, based on some of the changes we made to our spending and basically putting everything extra we had on our debt. We have essentially followed that plan, and with God's many blessings we are going to have the debt paid off about 3 months earlier that we planned.
Don't get me wrong, we didn't exactly start eating "beans and rice, rice and beans" as Dave Ramsey likes to say, but we did start doing a budget so that we knew exactly how much was going out and how much was coming in. Because of Dave's envelope system and our diligence to stay on the plan along with God's provision, we are almost debt free. I can't wait until that payment clears. I am even thinking about making a phone call to Dave's show on the Friday afterward. That is the day he lets people call in and scream "I'm debt free!!"
1 comment:
Congrats, I know that's a great feeling!! All we have left if my car and we will be there right with you!
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