Tuesday, September 22, 2015

30 before 30: Get out of debt

I am proud to announce a very exciting update on my 30 before 30 list.

Although #3 of my list was to "get out of debt", I couldn't help but post on here (a little premature) because of some huge progress I have made on this one. 

My student loans were $22,901.85 which I started to pay back in April 2014. At the end of August 2015, they were completely paid off! WEHOOOOO! No more $1000-$1500 payments going straight to debt every month!

Now, the reason I can't officially check this off my list is because I still have the little bit of racked-up money on my Line of Credit (we have had a few large expenses lately - insurance for the cars was due, we had some work done on our jeep and our car this year, some pet medical expenses, etc.), but I am confident that if we could pay off almost $25,000.00 (including accumulated interest) in less than a year and a half, it definitely shouldn't take much longer to get the last little bit paid off!

I am so excited to get to the chapter where I am not in the negatives anymore and will soon be building equity! It is funny how debt looming over your head can change your outlook on life. I swear it's like the clouds are now starting to part and I can picture all this potential for opportunity to come my way!

Have you been stuck with the debt cloud looming over you lately? How do you deal with it?
-Linds



4 comments:

  1. Wow Lindsay!! Congratulations this is certainly something to be proud of and to celebrate!! Woo-hoo!

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    1. Thanks so much! Yes, I could not have been more pleased!
      -Linds

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  2. How fantastic, congrats!! Such a great feeling.

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    1. Thanks Miriam! It's such a huge burden off our plate!
      -Linds

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