A zero balance!
We've come a long way in 21 months! We started with over $27,000.00 in debt, as detailed here in my first post: The Breakdown. We averaged over $1300/month in debt repayments in order to make this happen. We were very, very lucky that in all that time, we didn't have to dip into our emergency fund once. Whoa. Knock on wood there!
I feel great! I can feel the adrenaline coursing through my veins. We did it! I can't believe we did it and that we did it so quickly! The future seems so open now. We can choose to build our emergency fund. We can choose to build our basement finishing fund. We can choose to save into our travel fund. We can choose to splurge and buy toys or clothes or whatever we want. It's all our choice because we don't owe money to corporations anymore! (Except for the mortgage of course - we'll keep paying ahead on that one!)
And so the next phase begins. To kick that off, I transferred $506.22 into our emergency fund last night. And next month it will see a big deposit as well. And the month after that. I'll be creating a basement finishing subaccount at ING so we can finally start saving money for that long awaited project. And I'm going to have to review our goals I set at the beginning of the year and maybe set some new ones.
We did it! I almost can't believe it!
7 comments:
Why can't I be more like you!?
Congratulations!!!
CONGRATS! That's absolutely awesome! I just paid of my $27K minivan in 13 months as of last Friday...it's a great feeling! I have a tiny student loan to kill, but should have it done by the end of summer. Are you thinking of adding a sinking fund for a replacement car? How much would you budget a month? Just curious, because I'm looking ahead!
Congratulations! You guys did it! Celebrate!
Congratulations! That's so wonderful! :)
congrats I know it is a great feeling.
What commitment! You have achieved the new American dream. (At least this American anyway!)
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