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Home > Paying down my debt.

Paying down my debt.

December 7th, 2007 at 03:17 am

I started really making an effort to stick to my budget in November. Today I was working on it and totaled up our balances due on everything but the mortgage and realized I had paid close to $3000.00 off my debt in a month. It's no where near being gone but it's a good start and I'm psyched about it. Now with my brother starting payment on the trailer and land I'll really be able to see results. I pulled my credit reports two weeks ago and saw a bill that I had forgotten about from 3 years ago. It was only 120.00 but it was negative on my reports. I am happy to say that I paid that off tonight! The agency said they will update my report within the week to say it is paid in full. It's not much but it will definately help my score. Sticking to my budget will get everything paid off in two years not counting my brother's payments. With my brother's payments I can be out of debt except my mortgage in a year. I am still budgeting as if he's not paying us so that I can just throw that money at debt and savings and not become dependent on it for other things. It's like a big old weight has been sitting on me and somebody lifted up just a little so I can take a breath. I can't wait until it's gone and I can breathe freely.

4 Responses to “Paying down my debt.”

  1. disneysteve Says:
    1197033945

    That's fantastic! Congratulations. $3,000 in a month plus erasing an old debt has to feel great. Enjoy the feeling of chipping away until you are debt-free. Then stick to the budget and watch the savings grow.

  2. Amber Says:
    1197081838

    $3000!!! that is GREAT good for you

  3. Jennifer Says:
    1197406528

    Excellent! And thank you for sharing...it helps keep me motivated with my debt payments.

  4. Jason Holmes Says:
    1289197047

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    Jason Holmes

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