Nuthin, Nada Zip. We are DEBT-FREE!!!! $58,000 GONE!
July 1, 2009 – 12:36 pmI can’t even describe my feelings right now. Relief. Accomplishment. Thankfulness. Those are just a few of the emotions I’ve felt since yesterday. What happened yesterday you ask?
Well….we paid off our very last car loan. Which means we are DEBT-FREE!!!!!!!!!
Not Normal
We started out with $58,345.16 a little over 2 years ago. When we started with that amount of debt it seemed huge to us, almost insurmountable. We had 2 car loans and a maxed out credit card. Now, 27 months later we have no debt. We aren’t normal, and I love it! The automatic payment scheduled this Friday for our car loan won’t happen. Instead, we’ll get to keep our money, and let it accrue interest in an account, instead of paying interest to someone else.
Change Your Family Tree
If you feel like you never have enough money, or won’t be able to retire when you want, please, please pick up a copy of The Total Money Makeover by Dave Ramsey. It will change your life, I promise.
If you have already begun the journey, and feel overwhelmed or can’t see the light at the end of the tunnel, hang in there. It will get better, and one day you will be celebrating too. Let me know when you are debt-free!
14 Responses to “Nuthin, Nada Zip. We are DEBT-FREE!!!! $58,000 GONE!”
Yeah! Congratulations! My family is currently using Dave Ramsey’s method from the Total Money Makeover and we are happily plugging along. 27 months though? That is fantastic! I can’t wait til this day.
By MoneyFunk on Jul 2, 2009
we had $18,500 left on my hubbys high dollar truck when he finally decided he wanted to get debt free, (he read daves book). this was last summer. i was reluctant to sacrifice and pay off yet another of his high dollar trucks, already payed off several, so i drug my feet til about august, when i finally felt secure that he was really converted. so as of jan. 1, 2008 we were completely debt free except the house. 5 months- $18,500!
By beverly russo on Jul 2, 2009
Wonderful wonderful wonderful. I’m inspired by you yet again, Erin. We’ll be free hopefully by January…can hardly wait. Thanks for being our example!
By Joy on Jul 6, 2009
Congratulations, you guys should be extremely proud of yourselves! Keep it up now, and start saving, investing and giving!
By Peter on Jul 15, 2009
Congratulations! This is great news! I remember when I got out of debt, I was soooo excited. I blogged about it to celebrate too! http://www.cashmereclutch.com/2009/06/down-to-zero/
Note to Editor: I’m okay if you want to delete my link - I just thought it would be fun for you to see how different people celebrate this moment.
Ingrid
By Cashmere Clutch on Jul 17, 2009
Congrats! What a wonderful achievement for 2009!
We became debt free on Sept 30th (also our 4-year wedding anniversary) and should fund our 3-month Emergency Fund next week- just in time for year end! Wahoo! Bring on 2010- we’re ready!
By KelsaLynn on Dec 18, 2009
Wow! It can be done, huh? My wife and I just started the “Dump The Debt” journey and I’m really looking forward to my Debt Free Celebration!
By earlyMaine on Dec 30, 2009
I’ve been watching Dave Ramsey’s show. However, what do you do when you’re disabled, can’t work and your only income is your husband’s income? He can’t take on another job because he himself is in bad health as it is - barely makes it home. We have consulted a bankruptcy attorney. My house and car are always up to date - never miss one never late. We enjoyed excellent credit always until I was out of work due to the disability and no disability income yet (the attorney is working on my disability case)! Now, I’ve had to consider bankruptcy for the credit cards (I know, stupid!) because of the huge debt they carry. There are five of them.
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