Today I make my 30th Payment! I’m officially 2.5 years into this journey of becoming debt free!
30 Payments! The necklace grows!
Now I start the count down… 29…28…27…. until I get to 0!
This is a long process. Its not for the faint at heart. However, if you are in a situation like I was, it is the only option. I was underwater on my mortgage, I had more debt than I could possibly get out of myself out of in five years and there was no light at the end of the tunnel. Believe me, I tried!
Now when I am finished with this process, I will have equity and the only debt I will have is my student loan. You cannot discharge a student loan. However, it gets deferred and you don’t have to pay it while in a bankruptcy.
I chose to continue paying my loan because I do not want that loan out there incurring more interest debt and having that looming over me.
I will still owe on it for 10 more years when this is done, but can you imagine how much that debt would have grown? Its not part of the budget, the Trustee expects you to defer it, so if you want to pay it, you have to come up with it out of the budget for other things. I make it work.
So half way!! I could not wait to get to this point. When I started this journey it felt impossible. I always thought when I got half way I would feel done. I don’t feel done! 😉 I feel like I have a long way to go, but that I have come a long way too.
I have learned how to live in a cash world for the first time in my life. I know how to budget better than I did, still not great, but better!
It does feel like I have climbed a jagged mountain this last 30 months but with each foothold I have learned something new.
Now that I am at the top of the mountain, I will have to navigate the downhill side, which can be just as tough as the uphill.
I still have a long way to go. I think and hope that I can make it. But just think of where I started.
So there it is my friends! Thank you so much for being with me on this journey, you have no idea how much your virtual friendship and support means to me!
I hope that my journey has encouraged others to stay out of debt, make good financial choices, and live within your means! (You don’t ever want to end up here!)
Its not a teaching blog, I am no guru, but I have made mistakes that I hope you can avoid, at all costs! I have also learned a few tricks to make it work if you do choose this as a solution. It is available for a reason!
Well, I’m off to work so that I can earn that next payment!
In 29 more payments I will sign that NO DEBTGIRL!
Have a wonderful day! Woo hoo, half way!