Our Progress: A Summary
2008 February 4
- $1000 in an emergency fund
- Pay off all debt with the debt snowball
- Save 3-6 months ($6k-12k) to use in case of emergencies
Debt Reduction:
- January ‘08 beginning debt: $24,582
- February ‘08 beginning debt: $24,032
- March ‘08 beginning debt: $19,682
- April ‘08 beginning debt: $16,627
- May ‘08 beginning debt: $14,700
- June ‘08 beginning debt: $11,600
- July ‘08 beginning debt: $8,700
- August ‘08 beginning debt: $6,045
- September ‘08 beginning debt: $3,500
- October ‘08 beginning debt: $0!!!
Emergency Fund:
- October ‘08 beginning savings: $505
- November ‘08 beginning savings: $2005
- December ‘08 beginning savings: $4001
- January ‘09 beginning savings: $5021
- February ‘09 beginning savings: $6004
- March ‘09 beginning savings: $10,366
Have you ever had that nagging feeling that there was something more to do with your life? I don’t remember exactly when it started for me...
I just found your site via a link from Debt-Free Revolution plugging the 139th Carnival of Debt Reduction: Debtors Prison.
You folks have done a magnificent job. I’m so proud of your accomplishments. You have your Baby Emergency Fund in place AND you have paid off almost $10K in debts in only four months. Yippee!
I realize you can’t reach that level of change without sacrifice. Keep doing what you’re doing. If you hit a bump in the road … just go slower. Soon your paycheck will be your own. Thanks for posting.
Kathryn
@Kathryn thanks very much for checking the blog out and giving us some encouragement
wow–i want to be like you guys.
what do you guys do for a living to be able to pay off debt so quickly? we need help!
Nate, how are you guys saving so much? Any insights you can offer regarding your monthly budget?
@Sharon I was just thinking this morning of posting our monthly budget – proposed and actual on the blog.
Now it’s just a matter of making it happen!
That would be great…I can use some help at this point to saving more.