Our check from our Schwab account came today. It will go in the bank tomorrow. $32,700. Wow, that seems like a big number. $2700 will go into savings for our roof/ceiling repair. $30K will go toward paying everything down. First will be our cc debt (about $6,400), then the boat (about $10,350) and the rest will go toward the truck. We owe around $16K on that. When I get my signing bonus my first paycheck in August I will pay the remainder of the truck. That will leave only DH's student loan for his MBA (around $15,300) and our mortgage. My very ambitious goal is to have the student loan paid off in 1 year. Then we will sock away everything we can for the next year. That will leave us in a really good position for me to make my career change.
Honestly, it was hard to reduce our nest egg by so much but I know it was the right thing to do. It was easy to convince DH, too! He still hasn't jumped on the frugal bandwagon but we are eating in ALOT more so we'll just take it one step at a time!
Paying down the debt
July 11th, 2006 at 02:33 am
July 11th, 2006 at 11:24 am 1152617089
July 11th, 2006 at 12:53 pm 1152622433
I wish more people felt that way.