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Somewhat of a Milestone

April 29th, 2010 at 12:39 am

Well, today I paid Mom $1000, bringing the amount owed to her to an even $100,000. That means so far we've paid her back $58,000 in six years or so. So much progress has been made on this debt. I know that $100,000 still sounds overwhelming, but it brings us down to having exactly 100 payments left. In eight years and four months that debt will be gone. Sooner if we find a way to add another $100 per month to it.

It's been a really long road, but I'd rather be in debt to her at 0% than the hospital and its 18% interest. I really do want to find a way to dig up another $100 a month though. If I could add just that much more to each payment it would knock down the time left to seven years and seven months. I know that Chris will probably get raises between now and then, he gets them every 18 months to 2 years, so we'll definitely be adding more money to debt then. At least his job is secure and thriving.

I also sent off $500 to credit card debt today and wrote out the check for property taxes which I'll drop by the courthouse tommorrow when I'm down town.

I cleaned out my purse today and found $7.22 in ones and coins so added that to my coin jar.

$87.94 starting amount
+ 7.22 amount added
$95.16 ending amount

Tomorrow when I go to the courthouse I am going to deposit at least the ones I've been saving, which is $49, and pick up some coin wrappers and ask them if they have a counter that I can just bring a jar of coins in and put through or if they need to be rolled. Normally I'd just roll them, but there is just so much change that if I don't have to, I'd just as soon not.

6 Responses to “Somewhat of a Milestone”

  1. MonkeyMama Says:

    To get that figure down under six figures, must feel amazing. You done good!

  2. Ima saver Says:

    Really good!!

  3. Joan.of.the.Arch Says:


  4. pjmama Says:

    Congrats. It sounds like you're making plenty of progress!

  5. Broken Arrow Says:


  6. LuckyRobin Says:

    Thanks, everyone.

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