Couple #1 is THROUGH with debt! They have been married for many years and have two children. They are now over a year into their Debt Freedom March.
Couple #1's Thoughts This Month
The current economic environment is flipping crazy. I can only think that God had his hand in my wife and I deciding to get out of debt long before this downturn.
* We paid half the balance of car 2 and owe just $500.
* We increased the payment on the HELOC to $700.
* The property taxes are already paid when in years past I would have to wait until my tax check came back.
* Christmas is bought and paid for and under the tree. Instead of buying useless presents for friends this year, I made gifts out in my shop.
We have a lot to be thankful for. We have our jobs, we have our health, and we have each other. May God bless you all as I have been blessed. Merry Christmas!
Updated Debt Freedom Date
Month By Month Progress
Another excellent month! Couple #1 has a fully-functioning Known, Upcoming Expenses account that has enabled them to stay the course even in difficult economic times. If your budget is constantly smashed by things like property taxes, quarterly insurance premiums, vacation, or Christmas, I highly recommend clicking http://www.josephsangl.com/2008/11/26/known-upcoming-expense... to learn how to set up a Known, Upcoming Expenses account.
Read Previous Monthly Updates For Couple #1 http://iwasbroke.savingadvice.com/series-debt-freedom-march-...
Marching To Debt Freedom - Couple #1 - Month 15