February Debt Update
It’s that time again! It’s time to share our February debt update with you lovely people! We were a little late this month sitting down together and doing our budget, but we got around to it and got everything up to date.
We’ve paid off $12,413.33 in the last year (it was February of last year when we really got serious about dumping debt and changing our lives). For the majority of the last year, I was the only one working full time, so we managed to pay off over $12,000 with one full time and one part time income! I’ve gotta say, I’m pretty proud of our progress so far. So, without further ado, here’s our current debt breakdown and progress.
Oh, and if you’re new around here, be sure to check out how we got started on this amazing journey here.
Total Debt Paid Off: $12,413.33
Debt Paid Off in January: $1,533.62 (not including mortgage)
Total Debt Remaining: $95,559.01 (not including house)
Total Debt w/House: $207,124.18
Credit Cards: $11.445.09
Student Loans: $56,060.74
Our debt snowball started out with 10 items! The first item on the snowball was paid off in December, and we are working on item number 2. One down and nine to go!
- Pay off all credit cards during 2016.
- Pay off all cars during 2017
- Pay off all student loan debt by the end of 2019
- “Live and give like no one else” – shamelessly stolen from Dave Ramsey
Where are you with your debt dumping goals? What are your goals for the upcoming year?