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Wow, I just scrounged up a draft of this post originally dated July 1. I guess I had admirable intentions of a timely update. I have been amazingly lazy about reluctant to post June’s numbers: Paying down debt just isn’t very exciting when you’re only making the regular payments. I really can’t call this a [...]
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Hmm… Mid-June and I’m finally ready to talk about May? Yea. It’s been a few of those weeks. Debt Update Not very exciting. We’re in minimum mode right now. As in, just making minimum payments. Our debt snowball is just sitting there, in limbo. Waiting for a couple of major life changes (aka Selling a [...]
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Debt Payments in April: $2,580.53 Interest: $2,078.73 Principle: $501.80 Total Debt: $311,014.06 Second Mortgage: $31,482.99 Rental Mortgage: $108,899.92 Primary Mortgage: $170,631.15 ***** Our Debt Snowball is taking a breather. We made our regularly scheduled payments and nothing extra. And I’m okay with that. Instead of throwing snowflakes on the debt snowball, I am throwing as [...]
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We have one more week of peace in this home before our house is officially on the market. I contacted a realtor through Dave Ramsey’s ELP (Endorsed Local Providers) program on his website and she came by this morning to check out the house. Overall, I was quite pleased and impressed with her, both personally [...]
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We paid off our consumer debt last month! Woo-hoo! Oh, wait. Did I mention that already? But we still have a boat-load of mortgage debt. Here’s the skinny. Second Mortgage: $31,552.49 Primary Mortgage: $170,820.61 Rental Mortgage: $109,150.33 Total Mortgage Debt: $311,523.43 *gulp* We are taking a brief hiatus on the debt snowball to build up [...]
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February’s Progress Debt #1 Original Balance (in May): $2260.17 Paid Off June 2009 Debt #2 Original Balance (in May): $6493.00 Paid Off August 2009 Debt #3 Previous Balance: $1,627.71 Paid $1,627.71 Paid Off! Original non-mortgage Debt (in May): $19,375.72 Current Grand Total: $0.00! Oh, but this isn’t the end! Folks, we will now be moving [...]
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Yesterday I made the final payment on Debt #3, which was essentially our car loan. Just as soon as I made it I started thinking about the next step: ROTH contribution? Build up Emergency Fund? Start tackling the Second Mortgage? It wasn’t until later that I started thinking… When was the last time we didn’t [...]
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Since I know y’all are sitting on pins and needles waiting for the details of our second mortgage and our specific situation that has me all a twitter about what step to take once we finish our (non-mortgage) debt snowball (THIS MONTH!)… Here’s the facts: 2nd Mortgage Balance: $31,442.09 (as of today) Interest Rate: 8.34% [...]
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The second half of my guest post is over at $5 Dinners: Tips to Stay the Course and Pay Off That Debt! I hope you all take a look: it touches on some ideas that I haven’t gotten around to posting about over here in Budgets. When Erin very graciously offered to host a guest [...]
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Go check out my guest post over at Erin’s $5 Dinners: Tips to Stay the Course and Pay Off That Debt. It’s part 1 of 2, because I’m nothing if not wordy. (Who, me?) I think Erin’s posting Part 2 later this week, and it’s much more exciting than Part 1 because it tells you [...]
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