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.
Congrats!
ReplyDeleteA 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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