That does it for that.This is all the more remarkable, since Sharon quit her job 17 months ago, and we've been making due with about $15,000 less in yearly take-home pay ever since. In a nickel-and-dime sense, I could list a few things we've been doing to cut back, but I honestly am at a loss for our ability to have paid off about $6,000 of credit card debt in just over a year.
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That's awesome, I think. The post is a little ambiguous. I think you paid of $6000 in debt. The picture makes me think you owe $3800.
We owed $6000. We just paid off the last $3800 of it.
(due to tooth replacment & pet medical bills & a host of other family emergencies, we were actually up to over $10k, but Sharon's parents assumed $4000 in a no-interest loan to help us out. Our next step is to pay them off. This was an landmark first step, however.
Fantastic.
That is awesome in a major league way! Way to go Dan!
Sarah and I have been battling credit card debt as well. We have knocked our debt in half this last year. I am just talking about credit card debt not student loans. We had a greater than 5G debt and now it is like 2,300. When we get this monkey off our backs it will truly be wonderful. Once again great job Dan.
Congrats from me, as well. Credit cards are such a drain. I should have realized I was in trouble when I obtained one in 1990, when I was a freshman with no real credit history.
I, too, am in this pool of consumer debt, slowly climbing out. Cheri, the MBA, has charted a course for loan repayment that should be done in four years. That includes student debt.
Coincidentally, the National Gaurd has been recruiting me for outpatient clinical psychosocial care of vets. They tout a reinbursement plan that's pretty seductive, including student loan coverage. Of course, I'd have to complete a tour of duty doing clinical work in the field. I can see why people sign up. For now, though, I'm passing on their offer.
We're certainly not out from under the entirety of our debt - we owe that interest free loan of $4kto Sharon's parents, and nearly $13k in a low-interest (4%) home loan we took out to do some quite necessary home improvements a couple of summers ago.
But getting out of the credit card world is a definitely milestone.
And we do have a couple of potential, finanacially good things on the near horizon. The loan to Sharon's folks is next on the list.
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