Financial Update

When I started posting in August 2012, our debt was $31,787. In the intervening 18 months, we have worked really hard on these numbers. What we have accomplished was achieved mostly by sticking to a good budget. However, we also had a few helpful bumps with good tax returns and a work bonus.

Our numbers then:

Sallie Mae $17,822
Citibank SL $630
MOHELA $1,547
Great Lakes $2,334
Car Loan $9,452

Our numbers today:

Sallie Mae $7,455
Citibank SL $0
MOHELA $0
Great Lakes $1,440
Car Loan $0

We have paid off $22,892 in the past 18 months. That is not as good as some of you superstar debt repayers, but averaging payoffs of over $1,200 month is our version of buckling down. I’m so encouraged to read other’s stories of debt payoffs, I hope this encourages someone to keep plugging away.

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