Our Debt Story

Starting Debt: $45,500 Current Debt: $6,624.33

85.5%
How much we’ve paid off

 

Total Debt

The breakdown of what’s left :
Student Loan #1: PAID!
9/26/2012
Student Loan #2: PAID!
10/31/2012
Student Loan #3: PAID!
4/3/2013
Student Loan #4:
$1124.33
Student Loan #5: PAID!
5/17/2013
Student Loan #6: PAID! 6/14/2013
Student Loan #7:
$10,593.98 PAID! 6/14/2013
Eric Student Loans: $5,500 (June 2013) –> $8250 (Sept 2013)
Fridge Loan (added Sept 2013): $2552.38
Erika Student Loan: $700

TOTAL: $11,422.38

The Timeline

April 2010: A little over $40,000 in debt
June 2011: $31,584.96
November 2011: Paid off our car!
January 2012: $24,998.29
March 2012: Paid off our credit cards!
March 2012: $22,061.79
September 2012: $20,015.19 Paid off first student loan!
October 2012: $18,696.10 Paid off second student loan!
December 2012: $18,248.01
April 2013: $16,092.79 Third student loan paid off!
May 2013: $13,788.01 Fourth student loan paid off!
June 2013: $6,624.33 Fifth and Sixth student loan paid off!
S
eptember 2013: Add 0% interest loans for Eric school
October 2013: purchase new fridge with 0% interest store credit card


10 comments

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  1. Thomas Oakley

    Just started my own family finance blog. This blog is an inspiration and awesome! How did you get that debt countdown bar on the top of this post?

    Thanks!

  2. Taylor

    OMG I just found your blog LOVE it. My debt it small, but I’m not being disciplined enough!!! I know how to be frugal, but I just can’t get into the habit of paying off. Your blog is fabulous!

  3. http://michellesfinancejournal.wordpress.com/

    This is really great~
    Many personal and inspiring stories to soak up to motivate myself.
    Thanks~

  4. Jessica

    I love your updates, I have been following for a couple of weeks now and I am so inspired and glad-to have found another woman like me in this world who has a category for their husband all his own!!! I’m still trying to get my Frank on this whole budget and frugal( not cheap as he likes to call it) budget LOL! GL this year!

  5. C

    Just found your blog and love it! My husband and I are totally dealing with similar issues, so it hits home. Keep up the good work!

  6. student loan debt

    You know therefore considerably in terms of this subject, made me personally consider it from a lot of varied angles. Its like women and men don’t seem to be involved except it is something to do with Woman gaga! Your own stuffs great. Always deal with it up!

  7. DC Squared

    LOVING THIS SITE!!! Such motivation! My husband and I are paying off debt as well and are scheduling monthly meetings to discuss. We may just pull up this site as well! :)

    1. newlywedsonabudget

      aww thank you!

  8. my honest answer

    Can’t wait to follow your journey to becoming debt free! I managed it in 2009 and it is the best feeling ever, keep going!

  9. Betsy @ Romance on a Dime

    Loving your website, can you tell? We will have debt when my husband gets out of college – he graduates this fall.

    This summer we paid off his truck, sold it and bought a scooter for him to use as transportation. This will hopefully allow us to save money and we can start saving up to pay off all his loans.

    Good luck to you!!!

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