I live, write, and garden in the PNW with my husband of 27 years, disabled daughter, college-aged son, and my 84-year-old mother. We have paid off $250,000.00 worth of debt (if you include the interest) in the last fifteen years and as of 6/12/2020 are 100% DEBT FREE!!!!I've been a little bit down on what I see as our lack of progress this year on getting the debt gone. I did a reckoning at the beginning of the year of what we'd paid off last year, so I thought I'd sit down and add up the numbers and see what we've really paid off this year so far. This doesn't include the car loan because I don't have the beginning numbers for the year and can't go look it up because it's no longer owned by the same bank it was at the beginning of the year.
Anyway:
$20228.79 Credit Card Balance at start of year
-14135.56 Balance Now
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$_6093.23 Amount Paid Off for Good
$18544.28 Mortgage Owed at start of year
-16432.02 Balance Now
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$__2112.26 Amount Paid Off for Good
$87,000 0% Loan from Mom at start of year
-81,000 Balance Now
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$__6000 Amount Paid off for Good
So I have actually paid off $14,205.49 so far this year not including the car loan (which I think is around $3000 to $3500 paid off this year). I guess we are making better progress than I thought. Still doesn't stop me from wanting it gone yesterday, but makes me feel a little less like we've accomplished nothing this year. And there are still 4.5 months to go.
Reckoning
August 14th, 2012 at 01:46 am
August 14th, 2012 at 02:41 am 1344912071
August 14th, 2012 at 01:09 pm 1344949768
August 14th, 2012 at 06:02 pm 1344967328
August 14th, 2012 at 07:12 pm 1344971531