Making progress!

 

I have been trying to make some headway on our debt for quite some time.  I tried following Dave Ramsey’s method but had a really hard time of living such a “tight-wad” (my wording, not his) life style.

Living paycheck to paycheck is absolutely no fun.  This year I decided I needed to make a dent in the debt we had / have.

  • Motorcycle Loan
  • Credit Card Debt
  • Medical Debt
  • Student Loan

The past couple of years I have done the 52 week challenge in hopes that in 5 years we could take a nice vacation.  Interest rates in a savings account are an absolute joke, I decided it was currently a much better investment to kill some of this debt.  After a ton of debating I went ahead and drained that 52 week challenge money to get rid of the Motorcycle Loan.

I have been direct depositing a set amount of dollars away each paycheck for our mortgage as well.  Well there was enough sitting in there to destroy that Credit Card Debt!

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FINALLY!  Some breathing room!!

Now we are just left with some Medical Debt, which I will be getting knocked down as soon as humanly possible.

Once we get the Medical Debt gone I am thinking we will save a little extra and take a long weekend trip somewhere to celebrate.  It is well deserved.  No matter what anyone says, this is a long road of frustration, stress, headaches, indecision, etc…

Then we are just left with the Student Loan.  That is going to take a little bit but with the breathing room we will have from the other stuff gone, I dont think it is going to take as long as I am thinking it will.