Friday, July 5, 2013

War on Debt V

Family debt report!  I'm actually really excited about this one.  We were able to liquidate some family inheritance that turned out to be worth more than I expected.  After paying off all the credit cards (doggie expenses), there was still plenty to put toward the loan, which is a really good thing now that there are rumblings about the student interest rates rising.  The last report in April was 27.2% paid.  As of today, we've jumped to 49%.  Party!


We are six years paid ahead by the original payment schedule, and at long last our on-hand cash almost equals our obligations.  Not that we're going to empty the bank, or anything.  

I finally feel like we're making some real progress.  Just thinking about all the interest we're avoiding makes me happy.  Someday our adoption fund won't be in the red.

2 comments:

  1. A little late to the party, but this is fantastic. I shudder to think what mine and Ellie's debt looks like...

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