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Debt Update as of 6/9/17

June 9th, 2017 at 04:32 pm

$678.90 paid off in the last 2 weeks!

Celebrations for this update:
-Total debt went down $678.90 in the last 2 weeks!
-Race #2 went under the next $1000 mark, and under $30K!
-Mom Loan went under the next $1000 mark!
-We officially have more $$ in savings then we owe on the Mom Loan!!!!
-Savings still holding over $20K!


Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $8,727.01
Mom Loan #2 $20,734.29
MO Mortgage $85,020.43
My Mortgage $152,450.00
Our Mortgage $249,416.55
Total = $516,318.28

Down $678.90 in the last 2 weeks!!

Starting total was $587,351.27
$71,032.99 paid off since 6/19/15 (including downpayment on house)!!!!!

We have $1805.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $18,929.29.

Debt Update as of 5/26/17

May 26th, 2017 at 03:04 pm

$324.31 paid off in the last 2 weeks!

Celebrations for this update:
-Total debt went down $324.31 in the last 2 weeks!
-Total debt went under the next $1000 mark for the 4th update in a row!

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $8,841.41
Mom Loan #2 $21,298.79
MO Mortgage $85,020.43
My Mortgage $152,450.00
Our Mortgage $249,416.55
Total = $516,997.18

Down $324.31 in the last 2 weeks!!

Starting total was $587,351.27
$70,354.09 paid off since 6/19/15 (including downpayment on house)!!!!!

We have $1725.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $19,573.79.

Debt Update 5/12/17

May 12th, 2017 at 09:25 am

$1412.24 paid off in the last 2 weeks!

Celebrations for this update:
-Total debt went down $1412.24 in the last 2 weeks!
-Total debt went under the next $1000 mark for the 3rd update in a ro!
-Store Loan went under the next $1000 mark!


Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $8,955.72
Mom Loan #2 $21,298.79
MO Mortgage $85,200.43
My Mortgage $152,450.00
Our Mortgage $249,416.55
Total = $517,321.49

Down $1412.24 in the last 2 weeks!!

Starting total was $587,351.27
$70,029.78 paid off since 6/19/15 (including downpayment on house)!!!!!

We have $1650.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $19,648.79.

Debt Update 4/28/17

May 1st, 2017 at 03:43 pm

$293.96 paid off in the last 2 weeks!

Celebrations for this update:
-Total debt went down $293.93 in the last 2 weeks!
-Total debt went under the next $1000 mark.

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $9,069.95
Mom Loan #2 $21,862.36
MO Mortgage $85,200.43
My Mortgage $152,800.00
Our Mortgage $249,800.99
Total = $518,733.73

Down $293.96 in the last 2 weeks!!

Starting total was $587,351.27
$68,617.54 paid off since 6/19/15 (including downpayment on house)!!!!!

We have $1570.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $20,292.36.

Debt Update as of 4/14/17

April 14th, 2017 at 12:15 pm

$1409.79 paid off in the last 2 weeks!


Celebrations for this update:
-Total debt went down $1409.79 in the last 2 weeks!
-Mom Loan went under the next $1000 mark!
-Rental #2 went under the next $1000 mark!
-Our Mortgage went under the next $1000 mark, and under $250K! Plus we reached $20K paid off on Our Mortgage!
-Total debt went under the next $1000 mark, and under $520K!

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $9,184.09
Mom Loan #2 $21,862.36
MO Mortgage $85,380.25
My Mortgage $152,800.00
Our Mortgage $249,800.99
Total = $519,027.69

Down $1409.79 in the last 2 weeks!!

Starting total was $587,351.27
$68,323.58 paid off since 6/19/15 (including downpayment on house)!!!!!

We have $1495.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $20,367.36.

Debt Update - 3/31/17

April 5th, 2017 at 03:22 pm

$293.11 paid off in the last 2 weeks!

Low update week, the next will be really good, AND will get us under $520K for overall debt! This update is just a little late, the update date is as of 3/31/17.


Celebrations for this update:
-Total debt went down $293.11 in the last 2 weeks!
-Savings past $18K!!


Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $9,298.14
Mom Loan #2 $22,424.98
MO Mortgage $85,380.25
My Mortgage $153,150.00
Our Mortgage $250,184.11
Total = $520,437.48

Down $293.11 in the last 2 weeks!!

Starting total was $587,351.27
$66,913.79 paid off since 6/19/15 (including downpayment on house)!!!!!

We have $1495.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $20,929.98.

Debt Update - 3/17/17

March 19th, 2017 at 07:15 am

$845.69 paid off in the last 2 weeks!

Still waiting for MO's bonus, hopefully it will be on his next paycheck. In the meantime I am going to stop being lazy and get back on the OT train with 15hrs this week.

Also still waiting for the bill for my car repairs, small town so even though it was fixed and returned to us a week ago, we still haven't been given a bill yet.

Our weekend away last weekend was a nice break and now it's time to hit the work and hustle hard until our Laughlin/Vegas vaca (in 29 days!!!)

Celebrations for this update:
-Total debt went down $845.69 in the last 2 weeks!
-Savings past $16K!!
-Total debt went under the next $1000 mark for the 3rd update in a row!

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $9,412.10
Mom Loan #2 $22,424.98
MO Mortgage $85,559.40
My Mortgage $153,150.00
Our Mortgage $250,184.11
Total = $520,730.59

Down $845.69 in the last 2 weeks!!

Starting total was $587,351.27
$66,620.68 paid off since 6/19/15 (including downpayment on house)!!!!!

We have $1340.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $21,084.98.

Debt Update - 3/3/17

March 5th, 2017 at 05:23 pm

$675.48 paid off in the last 2 weeks! 

MO and I both made our dietbets and are both down about 15lbs!

We are going away just for the weekend this next weekend, just the two of us, no friends, no family, no puppies....excited for some QT with my man!

Celebrations for this update:
-Total debt went down $675.48 in the last 2 weeks!
-Savings past $14K!!
-Total debt went under the next $1000 mark!

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $9,525.98
Mom Loan #2 $22,424.98
MO Mortgage $85,559.40
My Mortgage $153,500.00
Our Mortgage $250,565.92
Total = $521,576.28

Down $675.48 in the last 2 weeks!!

Starting total was $587,351.27
$65,774.35 paid off since 6/19/15 (including downpayment on house)!!!!!

We have $1260 in a savings account to pay off the Mom Loan, so the amount we still owe that is $21,164.98.

Debt Update - 2/17/17

February 21st, 2017 at 12:00 pm

MO and I have 7 days left to make our Feb dietbets, and it is going to be tough! I have 4.5lbs to go! MO has a lot more then that, but like most guys he seems to be able to lose 5lbs a day when he really wants to. Hopefully we can make it and get paid!!

Savings is going really well, but I am worried with me not working any OT the last 2 weeks about my paycheck being sad, but we are spending a lot less too, so that is good. I think I may try to do just 5 hrs a week in OT going forward so that there is still some padding on my paycheck.

Celebrations for this update:
-Total debt went down $1027.62 in the last 2 weeks!
-Savings past $11K!!

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $9,639.77
Mom Loan #2 $22,986.67
MO Mortgage $85,559.40
My Mortgage $153,500.00
Our Mortgage $250,565.92
Total = $522,251.76

Down $1027.62 in the last 2 weeks!!

Starting total was $587,351.27
$65,099.51 paid off since 6/19/15 (including downpayment on house)!!!!!

We have $1185.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $21,801.67.

Debt Update as of 2/3/17

February 5th, 2017 at 05:45 pm

Little drive-by update while we watch the Super Bowl (So damn full!!), $674.36 paid down in the last 2 weeks!

MO and I both won our January dietbets and immediately signed up for 3 more each.   So we made a little cash and lost about 20lbs between us.  After today will be getting back on the wagon with that!

Our taxes are filed!  $4011 is our combined refunds for Federal and State.  The majority is going to pay our property taxes to our two rentals, and then the remainder to get 2 new tires and oil change on one of our vehicles.  If anything is left it will probably be less then $100 and I will be letting us have that for some fun money as it is much needed!   Sad to see it all spent so quickly, but those are necessary expenses and I am happy to not have to take that money out of savings!


Celebrations for this update:
-Total debt went down $674.36 in the last 2 weeks!
-Mom Loan went under the next $1000 mark!

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $9,753.47
Mom Loan #2 $22,986.67
MO Mortgage $85,742.82
My Mortgage $153,850.00
Our Mortgage $250,946.42
Total = $523,953.74

Down $674.36 in the last 2 weeks!!

Starting total was $587,351.27
$63,397.53 paid off since 6/19/15 (including downpayment on house)!!!!!

We have $1105.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $21,881.67.

Debt Update 1/20/17

January 19th, 2017 at 08:02 am

Nothing much new to report here other then I caught some lovely sickness (maybe very bad cold or strep?) that has been going around, and it has laid me up pretty good. I managed to not miss any work yet (only because I work from home, no way I would be dragging myself into the office like this), but have declined any OT this week so I can rest as much as possible when I'm not working my normal hours. Hopefully I will be going back in the healthy direction soon! On the plus side my declined appetite has helped me in New Years weight loss resolutions and I am down 10.8lbs since the 1st! Ha, I take weight loss however I can get it!

Celebrations for this update:
-Total debt went down $1017.73 in the last 2 weeks!
-Payoff since added my mortgage with MO's debt on 6/19/15 has passed $60K!
-Race #1 went under the next $1000 mark!
-Total debt went under the next $1000 mark!
-Savings balance passed $10K!

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $9,867.08
Mom Loan #2 $23,547.42
MO Mortgage $85,742.82
My Mortgage $153,850.00
Our Mortgage $250,946.42
Total = $523,953.74

Down $1017.73 in the last 2 weeks!!

Starting total was $587,351.27
$63,397.53 paid off since 6/19/15 (including downpayment on house)!!!!!

We have $1030.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $22,517.42.

Debt Update - 1/6/17

January 10th, 2017 at 08:14 pm

First update of 2017, $673.27 paid down in the last 2 weeks!

Our savings is the highest it has been since last April when we paid off Mom Loan #1, we are back up to $9500.  Plus we have $1600 set aside for last years 52 Week Challenge and a good start on this years.  Well on our way to payoff Mom Loan #2!

I am also going to change my biweekly deposit to the Mom Loan Savings Account from $50 to $75.  It's not much, but every little bit helps, and with me working so much OT I definitely won't miss an extra $25 a paycheck.

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $9,980.61
Mom Loan #2 $23,547.42
MO Mortgage $85,917.82
My Mortgage $154,200.00
Our Mortgage $251,325.62
Total = $524,971.47

Down $2673.27 in the last 2 weeks!!

Starting total was $587,351.27
$62,379.80 paid off since 6/19/15 (including downpayment on house)!!!!!

We have $955.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $22,592.42.

Debt Update 12/23/16 More OT updates and Blizzard on its way

December 23rd, 2016 at 12:56 pm

Back on the sad update week, $288.38 down in the last 2 weeks!

My work has now opened up Saturdays and the 2 holiday days up for OT in January in addition to the already unlimited OT during the week. For the holidays that means we are already getting paid for the day for 8 hrs for holiday pay and then any hrs I work will be paid in addition to the 8 I already automatically get paid for. I will definitely be cashing in on both of these as well as doing about 4 hrs on Saturday mornings when I am normally just bumming around the house anyways....might as well step away from the TV and into my office and get some work done! I'm excited at the progress this may provide us in paying for bills we would normally be taking out of savings. We were already able to cover the $2500 insurance bill for our 2 rental properties without taking any out of savings. We have a $2300 property tax bill due in Feb for one of the rentals and I think we can definitely use the OT pay to cover that as well and leave savings untouched!

I have the entire next week off! I am so excited!! No big plans....putting away Christmas presents and decorations, cleaning out the fridge, working out, resting up for the crazy OT in January. Only one more day till relaxation!

Weather is expected to get really bad the next few days here (so right over Christmas Eve and Christmas Day) and is expected to be blizzarding with no travel advised by Christmas evening....which is a bummer because we have to drive 1 hr away for the holidays and will probably have to leave early to get back safely. We shall see how it goes!


Celebrations for this update:
-Total debt went down $288.38 in the last 2 weeks!
-Race #3 went under the next $1000 mark!
-Just 1 more payment and the Store Loan will be under $10,000 and lose a whole digit!
-A lot of big milestones will be hit shortly after the new year

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $10,094.05
Mom Loan #2 $24,107.25
MO Mortgage $85,917.82
My Mortgage $154,200.00
Our Mortgage $251,325.62
Total = $525,644.74

Down $288.38 in the last 2 weeks!!

Starting total was $587,351.27
$61,706.53 paid off since 6/19/15 (including downpayment on house)!!!!!

We have $900.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $23,207.25.

Debt Update 11/25/16 and 12/9/16

December 11th, 2016 at 03:16 pm

I didn't get around to posting the debt update for the day after Thanksgiving, so here is that update and the current update.
______________________________________________________
Update as of 11/25/16

Celebrations for this update:
-Total debt went down $240.46 in the last 2 weeks!
-Bad Debt went under the next $1000 mark!
-Passed $60K paid off since 6/19/15!!!


Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $10,320.66
Mom Loan #2 $24,666.14
MO Mortgage $86,092.85
My Mortgage $154,550.00
Our Mortgage $251,703.52
Total = $527,333.17

Down $240.46 in the last 2 weeks!!

Starting total was $587,351.27
$60,018.10 paid off since 6/19/15 (including downpayment on house)!!!!!

We have $850.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $23,816.14.

------------------------------------------------------
Update as of 12/9/16

Celebrations for this update:
-Total debt went down $1400.05 in the last 2 weeks!
-Total debt went down the next TWO thousand dollar marks!! ($527K to $525K)
-Passed $60K paid off since 6/19/15!!


Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $10,207.40
Mom Loan #2 $24,107.25
MO Mortgage $86,092.85
My Mortgage $154,200.00
Our Mortgage $251,325.62
Total = $525,933.12

Down $1400.05 in the last 2 weeks!!

Starting total was $587,351.27
$61,418.15 paid off since 6/19/15 (including downpayment on house)!!!!!

We have $850.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $23,257.25.


Debt Update - 11/11/16

November 14th, 2016 at 09:35 am

Great update! Down $1397.65 in the last 2 weeks!!

Celebrations for this update:
-Total debt went down $1397.65 in the last 2 weeks!
-Total debt went under the next $1000 mark!
-Mom Loan went under the next $1000 mark!
-Our Mortgage went under the next $1000 mark
-Third update in a row to go under the next $1000 mark for total debt!
-We passed $150K paid off!!!!! (since I started paying off my mortgage in 2007).

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $10,433.84
Mom Loan #2 $24,666.14
MO Mortgage $86,220.13
My Mortgage $154,550.00
Our Mortgage $251,703.52
Total = $527,573.63

Down $1397.65 in the last 2 weeks!!

Starting total was $587,351.27
$59,777.64 paid off since 6/19/15 (including downpayment on house).

We have $745.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $23,921.14.

Debt Update - 10/28/16

October 29th, 2016 at 08:34 pm

It's our low update week, just $358.00 paid off in the last 2 weeks.

I finally got my garage cleaned back out after the rummage sale, what a good feeling to have a completely cleaned out garage!  FB sales have been going great and very busy. 

OT has been continuing at work, I have 55 hrs of OT in so far this month.  Paychecks have been NIIIIIICE!  MO and I also completed a wellness program at my work to get reimbursed for $600 of insurance premiums for the year, that should be on the next paycheck along with 30hrs OT and my monthly internet reimbursement so my check next week will be awesome!

We were just $6.00 from going under the next $1000 mark for total debt, so I paid the extra $35.00 to Rental #2 Mortgage to get that to the next $100 mark and get us under the total debt $1000 mark. 


Celebrations for this update:
-Total debt went down $358.00 in the last 2 weeks!
-Total debt went under the next $1000 mark!
-Second update in a row to go under the next $1000 mark!


Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $10,546.93
Mom Loan #2 $25,224.10
MO Mortgage $86,220.13
My Mortgage $154,900.00
Our Mortgage $252,080.12
Total = $528,971.28

Down $358.00 in the last 2 weeks!!

Starting total was $587,351.27
$58,379.99 paid off since 6/19/15 (including downpayment on house).

We have $695.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $24,529.10.

Debt Update as of 10/14/16 - New Stretch Goal

October 14th, 2016 at 02:30 pm

Now that the rummage sale is over I am focusing on getting my remaining sales inventory organized in my "Store" and packed and labeled nicely for future sales. I am also back on my FB sales, posted 2 different items for sale last night (have multiples of each of them) and sold 39 items for $81.00!! 14 items (adult coloring books) I paid .99 for and sold for $4.00 each. 25 items (cute kids magnet pages) I paid .29 for and sold for $1.00 each. Can't wait to get back into a regular rotation on sales of posting 2-3 different items each day to keep a nice flow to savings. Need to get back into couponing too to get more deals!

Finally got OT back at work, I don't know how long it will last so I am working as much as I can now before they take it away again. I worked 10hrs OT last week, 15 hours this week and plan to do 15 again next week. That will definitely help with upcoming winter/Christmas bills.

I am thinking about doing a crazy stretch goal......I would really like to payoff Mom Loan #2 by 6/19/17. That is my and MO's 2 year debt racing anniversary for when we added his debts to my mortgage and started tracking them together. The loan is currently at $25,224.10, with our normal payments ($600*8 months) the balance would go down about $4400 by then to $20,800.00. we currently have a hair over $8K in savings, so if things kept even, we would need at least $13,000. That is doable....but just barely and without having to take much out of savings between then and now. I told MO my plan and he seemed a little leery...then a few hrs later he came up to me with a piece of paper and some number crunching he had done to show how we could make it . It will be super important that we drastically curb eating out and casino if we want to make this goal. This would also help our waistlines. Cheers to goals!!

I would have paid another $35.00 to My Mortgage to get to the next even amount, but since we are wanting to do this stretch goal, I just put an extra $35 in savings for the Mom Loan instead


Celebrations for this update:
-Total debt went down $1345.26 in the last 2 weeks!
-My Mortgage went under the next $1000 mark!
-Bad Debt (Store Loan and Mom Loan) went under the next $1000 mark!
-Total debt went under $530K!

Also we are closing in on $150K paid off!!


Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $10,659.93
Mom Loan #2 $25,224.10
MO Mortgage $86,430.44
My Mortgage $154,935.00
Our Mortgage $252,080.12
Total = $529,329.28

Down $1345.26 in the last 2 weeks!!

Starting total was $587,351.27
$58,021.99 paid off since 6/19/15 (including downpayment on house).

We have $640.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $24,584.10.

Debt Update - 9/30/16

September 29th, 2016 at 08:56 pm

We leave for a Vegas tomorrow!

Celebrations for this update:
-Total debt went down $322.83 in the last 2 weeks!

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $10,772.85
Mom Loan #2 $25,781.13
MO Mortgage $86,430.44
My Mortgage $155,235.00
Our Mortgage $252,455.43
Total = $530,674.54

Down $322.83 in the last 2 weeks!!

Starting total was $587,351.27
$56,676.73 paid off since 6/19/15 (including downpayment on house).

We have $555.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $24,721.13.

Debt Update - 9/16/16

September 18th, 2016 at 07:13 pm

Well our normal payments got us to $531,132.37 this update.....so to keep the "getting under the next $1000 mark streak alive I made a $135 principle payment to the mortgage for Rental #2! Soooooo...This is the 6th update in a row that we have went under the next $1000 mark for total debt! This will for sure be the end of the streak as the next update will only be down a few hundred dollars and we definitely cant throw an extra $800 on debt and keep our goals in order. But pretty proud of us for keeping it going this long!


We leave for a Vegas Vacation with 2 other couples in 12 days! Just really happy with how things are going right now!! Feels like our hard work is paying off!!


Celebrations for this update:
-Total debt went down $668.76 in the last 2 weeks!
-Mom Loan went under the next $1000 mark!
-Store Loan went under the next $1000 mark!
-Total debt went under the next $1000 mark!

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $10,885.68
Mom Loan #2 $25,781.13
MO Mortgage $86,640.44
My Mortgage $155,235.00
Our Mortgage $252,455.43
Total = $530,997.37

Down $931.77 in the last 2 weeks!!

Starting total was $587,351.27
$56,353.90 paid off since 6/19/15 (including downpayment on house).

We have $500 in a savings account to pay off the Mom Loan, so the amount we still owe that is $25,281.13.

Debt Update - 9/2/16

September 7th, 2016 at 09:52 am

Although our total debt only went down $668.76 in the last two weeks, we had some great celebration marks! This is the 5th update in a row that we have went under the next $1000 mark for total debt! And our two smallest debts both went under the next $1000 mark, love seeing those numbers go down! I am pretty sure our streak of getting under the next $1000 mark will end at 5...we would have to go down $929.14 for the next update and I think it will be about $700, oh well it was a great run and maybe we will get a windfall and knock something down more!

We are in full rummage sale mode. My Mom came up and helped me sweep and spray out the garage, first time since we moved in last year that the garage has actually been cleaned out. We started getting tables organized and set up planned. We are planning on having it the weekend of Sept. 23rd. If you have read my blog at all you know our rummage sales are major events (last year we made over $8.8K at one, and most of our items are $1-$3....we move some SERIOUS inventory!). I am nervous as the town I live in now only has about 3000 people.....where I lived before I am sure more people came to the rummage sale then live in my whole town now! Hopefully all the planning, cleaning and marking is worth it.

I overdrew my checking account over the holiday weekend....I had deposited 3 rent checks totaling $2450.00 on my banks mobile app on 9/2, only one withdrawal was set up to go out for $350.00 and then when I checked my balance today I was overdrawn by $112 I checked the history and the deposits weren't there, I quickly realized the deposits had gone into my savings account rather then checking...apparently I fat fingered it. I called the bank and a 2 min convo fixed my $32 OD fee. I love my bank!

Celebrations for this update:
-Total debt went down $668.76 in the last 2 weeks!
-Mom Loan went under the next $1000 mark!
-Store Loan went under the next $1000 mark!
-Total debt went under the next $1000 mark!

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $10,998.42
Mom Loan #2 $25,781.13
MO Mortgage $86,640.44
My Mortgage $155,680.00
Our Mortgage $252,829.46
Total = $531,929.14

Down $668.76 in the last 2 weeks!!

Starting total was $587,351.27
$55,422.13 paid off since 6/19/15 (including downpayment on house).

We have $500 in a savings account to pay off the Mom Loan, so the amount we still owe that is $25,281.13.

Debt Update - 8/19/16

August 21st, 2016 at 03:44 pm

This is the 4th update in a row that we have went under the next $1000 mark for total debt! YES! In addition we were actually just $30 away from going down a full $1000 in debt this update, so we threw an extra $35 at Rental #1 just to get over $1000 paid down this update.

My 3 nights a week of softball have finally ended for the summer and I am happy to have about 10-12 hrs a week back in my schedule! Fall coed softball starts in just a few weeks, but that will only be one night a week, and MO and I play on the same team so at least it is quality time! We are hoping to have a rummage sale in Sept, and that should help pull in some extra cash for savings.

Celebrations for this update:
-Total debt went down $1004.32 in the last 2 weeks!
-Rental #1 passed the next $1000 payoff mark!
-Our Mortgage passed the next $1000 payoff mark!
-Our Mortgage went under the next $1000 mark!
-Total debt went under the next $1000 mark!
-Total debt payoff passed $145K!

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $11,111.08
Mom Loan #2 $26,337.23
MO Mortgage $86,640.44
My Mortgage $155,680.00
Our Mortgage $252,829.46
Total = $532,598.21

Down $1004.32 in the last 2 weeks!!

Starting total was $587,351.27
$54,753.06 paid off since 6/19/15 (including downpayment on house).

We have $425 in a savings account to pay off the Mom Loan, so the amount we still owe that is $25,912.23.

Debt Update - 8/5/16

August 8th, 2016 at 06:23 am

I update every 2 weeks (every payday for MO) and this is the 3rd update in a row that we have went under the next $1000 mark for total debt! That is exciting progress! Looking at the payments for next update, that one we should go under the next $1000 mark again! WHOOT!

We did change our auto deposits from $25 to $50, so that will definitely help the bottom line to get savings to go up while debt is going down!


Celebrations for this update:
-Total debt went down $667.66 in the last 2 weeks!
-Race #2 (Mom Loan and Store Loan) went under the next $1000 mark!
-Total debt went under the next $1000 mark!


Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $11,223.65
Mom Loan #2 $26,337.23
MO Mortgage $86,849.44
My Mortgage $155,990.00
Our Mortgage $253,202.21
Total = $533,602.53

Down $667.66 in the last 2 weeks!!

Starting total was $587,351.27
$53,748.74 paid off since 6/19/15 (including downpayment on house).

We have $375.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $25,962.23.

Debt Update - 7/22/16

July 25th, 2016 at 12:55 pm

While I am happy that debt is consistently going down, I am falling into a very frustrated place with progress. Patience has never been a virtue of mine!

Currently we are only paying minimums on everything because our next goal is to pay off the Mom Loan (Currently at $26,800 so it's going to be a long, long, time), and we are going to do a lump payoff on that, the same way we did with the first Mom Loan. But things keep coming up (as they do in life!)...the cost of the new puppy plus new vet bills, we booked a short weekend trip to Vegas for the end of Sept since we cancelled the cruise we wanted to have some kind of vaca, repair on AC for one of the vehicles....just multiple $100+ bills. We have done a good job cutting back on eating out and casino (though there is always room for improvement there) and also reducing grocery bills and eating out of the pantry more. Hopefully those savings will start to reflect in our checking account soon. We are also going to change our 6 monthly savings deposits of $25 each ($25 to 2 different accounts everytime I get paid and $25 to 1 savings account everytime MO gets paid) to $50 each, which would be an additional $150 a month to saving (which would get us closer to paying off the Mom Loan). We also have $1000 a month from rent going to savings which is a lot, but it's only once a month so few and far between deposits. Hope everyone is having a great summer!


Celebrations for this update:
-Total debt went down $957.53 in the last 2 weeks!
-Race #1 (Rental #2) went under the next $1000 mark!
-Race #3 (Rental #1) went under the next $1000 mark!
-Next update will have Race #2 back to the starting point from moving things around.
-Total debt went under the next $1000 mark!
-Total debt payoff since we combined MO's debt with mine on 6/19/15 passed $50K!


Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $11336.13
Mom Loan #2 $26,892.41
MO Mortgage $86,849.44
My Mortgage $155,990.00
Our Mortgage $253,202.21
Total = $534,270.19

Down $957.53 in the last 2 weeks!!

Starting total was $587,351.27
$53,081.08 paid off since 6/19/15 (including downpayment on house).

We have $275.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $26,617.41.

Debt Update for 7/8/16

July 11th, 2016 at 04:16 pm

New puppy is adorable, but driving me insane. LOL. This is my first time having a puppy so I am leaning on MO a lot for learning how to potty train, name recognition, please stop chewing on EVERYTHING! Good thing she is super cute, cause this puppy Mom is losing her marbles! Other then that same old same old here. Busy busy bees!

Celebrations for this update:
-Total debt went down $666.57 in the last 2 weeks!-Mom Loan went under the next $1000 mark!

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $11,448.53
Mom Loan #2 $26,892.41
MO Mortgage $87,023.10
My Mortgage $156,290.00
Our Mortgage $253,573.68
Total = $535,227.72

Down $666.57 in the last 2 weeks!!

Starting total was $587,351.27
$52,123.55 paid off since 6/19/15 (including downpayment on house).

We have $250.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $26,642.41.

Debt Update for 6/24/16

June 30th, 2016 at 02:20 pm

Yikes this update is a week late!

Celebrations for this update:
-Total debt went down $285.23 in the last 2 weeks!
-Total debt went under the next $1000 mark!


Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $11,560.84
Mom Loan #2 $27,446.67
MO Mortgage $87,023.10
My Mortgage $156,290.00
Our Mortgage $253,573.68
Total = $535,894.29

Down $285.23 in the last 2 weeks!!

Starting total was $587,351.27
$51,456.98 paid off since 6/19/15 (including downpayment on house).

We have $215.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $27,231.67.

Debt Update - 6/10/16

June 13th, 2016 at 10:47 am

Good Morning! Was too busy to post our update on Friday so getting it done this morning. We are going to be out of town for the next foreseeable several weekends, either at the lake cabin or softball tournaments, every Monday I am wondering where the weekend went and when are we supposed to relax?!?!

Great update for this 2 weeks, down $1630.09 in two weeks! We have gotten our savings back up to $4K after draining it to payoff Mom Loan #1, and then draining it again to pay for the new vehicle. We also decided to cancel a lot of our more expensive summer plans, as we are already so busy and to keep savings going up. We have gone to summer concerts here for the last 2 years, they run a few hundred dollars a piece and we were planning on going to at least a few of them, but decided to not buy the tickets. We also cancelled a cruise we had booked for Sept. I had called to make our final payment on the cruise and the travel agent then told me our total was $1150 more then we had been quoted for the last 8 months!! Long story short I was very upset as the price had already been stretching our budget so to add $1150 (plus excursions, drinks, souvenirs, etc.) would be a killer to our goals right now, I complained since I had been severely misquoted and I was able to get our $546 deposit back. Thank goodness! So overall cancelling that trip will save us about $5K-$6K. I am disappointed as we were really looking forward to it, but I do think it was the best choice for us and we can go another time, probably next year.


Celebrations for this update:
-Total debt went down $1630.09 in the last 2 weeks!
-We are being responsible and putting our financial health ahead of our WANTS!
-It is our 1 year Anniversary since we added/started racing MO's debt and in 1 year we paid off $51,171.75!!!!!

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $11,673.06
Mom Loan #2 $27,446.67
MO Mortgage $87,196.11
My Mortgage $156,290.00
Our Mortgage $253,573.68
Total = $536,179.52

Down $1630.09 in the last 2 weeks!!

Starting total was $587,351.27
$51,171.75 paid off since 6/19/15 (including downpayment on house).

We have $190.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $27,256.67.

Debt Update - 5/27/16

May 27th, 2016 at 08:38 pm

TGIF ladies and gents! Excited for a 3 day weekend, even though it probably won't be too relaxing, have a lot of house and yard work planned, and a Memorial Service on Monday. Hopefully we can get some things done that we have been putting off.

We will be working on getting everything moved into one of our extra rooms now that the extra roommate moved out. The room is very large and has wood floors so will be great for a workout room. We are moving our elliptical, weight machine, misc workout equipment and a TV into there tomorrow. It is also in our basement so will be nice and cool. I am re-dedicating myself to my health again on 6/1/16, starting a new dietbet, making a healthy dinner calendar and workout calendar, so I am excited to have an area dedicated to working out. I think this will also help MO a lot as he hates to workout in front of anyone and right now the elliptical is in our living room.

Very boring update, only down $284.42 in the last 2 weeks....but they can't all be whopper updates...and still going in the right direction! I can't wait to finish ONE of these races...

Our payments on the Mom Loan start 6/1 and then we will start seeing some serious progress again as the payments are $600 a month.

Celebrations for this update:
-Total debt went down $284.42 in the last 2 weeks!
-I just told MO "Ugh I don't even have any celebrations for this update" and his response "You can celebrate loving me" What a ham! So that is what we are celebrating this update! LOL

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $11,785.20
Mom Loan #2 $28,000.00
MO Mortgage $87,196.11
My Mortgage $156,600.00
Our Mortgage $253,943.88
Total = $537,525.19

Down $284.42 in the last 2 weeks!!

Starting total was $587,351.27
$49,826.08 paid off since 6/19/15 (including downpayment on house).

We have $160.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $27,840.00.

Debt Update - 5/13/16

May 19th, 2016 at 10:38 am

Here is my update with the Appliances and the HELOC paid off! Even though the HELOC is just "moved" it still feels great to see it at $0!


Celebrations for this update:
-Total debt went down $2,563.86 in the last 2 weeks!
-Appliances Loan is paid off!
-HELOC is paid off!
-Store Loan went under the next $1000 mark!
-Our Mortgage went under the next $1000 mark!
-Total debt went under $540K!

We were in need of a tiller and were shopping around, my MIL had one that she said we could just have as she has a lot of medical issues and doesn't do much for gardening anymore. She owes MO $450 that she borrowed from him last year. I suggested that even though she was willing to give us the tiller for free, to just say that it was an even trade for the tiller to pay off the loan. So now we have a tiller and we don't have to worry about that loan anymore (she had only made one payment on it in the whole year and it was causing some anxiety/awkwardness, so I am glad we don't have to worry about it anymore). The tiller was only 2 yrs old and still had a tag on it for $750, so I think it was a good deal for all.

We plan on lumping our savings in our Cap360 Savings to make a big payoff to the new Mom Loan on 1-2 yrs. In the meantime we will just be making regular payments on everything for now


Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Best Buy $0
HELOC $0
Store Loan $11,897.25
Mom Loan #2 $28,000.00
MO Mortgage $87,368.48
My Mortgage $156,600.00
Our Mortgage $253,943.88
Total = $537,809.61

Down $2,563.86 in the last 2 weeks!!

Starting total was $587,351.27
$49,541.66 paid off since 6/19/15 (including downpayment on house).

We have $135.00 in a savings account to pay off the Mom Loan, so the amount we still owe that is $27,865.00.

Paid off HELOC! New Mom Loan!

May 9th, 2016 at 11:09 am

Well we just paid my Mom Loan off last month which put us down to the Appliances Loan ($2K), Store Loan(12K), HELOC ($28K), and then 3 mortgages ($87K, $156K and $254K) (2 rentals and our primary home). We pulled money out of savings last week and paid off the Appliances! YEAH!!!!

We were deciding what to do next as the rest of the debts are quite large amounts. I was talking with my Mom about our options and what we were thinking for our next move towards eliminating this debt....and she offered...again....to loan us money at a low interest rate! This will help us to have the lower interest rate, and help my Mom by providing her a little bit of side income.

Sweet!

So she loaned us $28K at 2% interest for 4 years. Our payments will be $600 per month. I think we can pay it off early again like we did last time, I am thinking 2 years would be a good goal. MO went to the bank today and paid off the HELOC, which was at 3.5% so we will be seeing a little savings in interest overall.

Feels so good to have that HELOC paid off, even if it is just "moved". Smile Now time to attack savings!

Debt Update - 4/29/16

May 2nd, 2016 at 11:24 am

We are making aggressive payments on the Appliances Loan (mostly taken out of savings) and we should have it paid off by next update! I also got our old fridge cleaned out and will hopefully have it posted for sale either today or tomorrow. We are asking $800 and that would be a great chunk for debt payoff or savings!!

Celebrations for this update:
-Total debt went down $1,332.66 in the last 2 weeks!
-Appliances Loan is now under $2K!
-HELOC went under the next $1000 mark!



Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Mom Loan $0
Best Buy $1950.00
Store Loan $12,009.22
HELOC $27,832.96
MO Mortgage $87,368.48
My Mortgage $156,900.00
Our Mortgage $254,312.81
Total = $540,373.47

Down $1,332.66 in the last 2 weeks!!

Starting total was $587,351.27
$46,977.80 paid off since 6/19/15 (including downpayment on house).

We have $1350.00 in a savings account to pay off the appliances, so the amount we still owe that is $600.00.


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