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a look back

February 22nd, 2007 at 08:20 pm

I decided to look back to my first bog entry, way back to October 2005 (has it really been that long?) for a little comparison. Let's see...

"We have a 0% interest credit card...I think we owe about $1200 on that...
Next, DH has a $8000 car loan from a new car he bought last January. Our next goal is to pay that off.
Lastly, we have student loans. And more student loans. We had our original $35000 total cut down to $11000 on mine and $7000 on DHs, but we had to take out new loans for DH - about $4000 a semester times 4 semesters" (we ended up taking $8k more and putting $5k on the 0% cc)
Total debt as of October 2005:
$1200 cc1
$8k car loan
$18k student loans

New debt: $8k student loans
$5k cc2

Paid off: $1200 cc1, $500 on cc2
$8k car
$5300 student loans

Beginning debt: $27,200
Current debt: $24,800
Ok, it's not much, but considering that I spent all of 2006 working part-time and DH did not work at all, I can be happy with it. Of course, I wish we didn't need to incur more debt, for DH had an opportunity to return to school. He will now be able to find a more secure, better paying job with great benefits and a much better schedule. Worth it.

2 Responses to “a look back”

  1. Carolina Bound Says:

    Hey, as long as it's going down, it's good! Especially in a challenging situation.

  2. Amber Says:

    You have made some great progress, keep it up pretty soon it will all be gone. I am happy for you, way to go Smile

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