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

October 14th, 2016 at 09:30 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 30th, 2016 at 03:56 am

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 19th, 2016 at 02:13 am

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 04:52 pm

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 10:44 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 01:23 pm

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 07:55 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 11:16 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 09:20 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 05:47 pm

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 28th, 2016 at 03:38 am

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 05:38 pm

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 06:09 pm

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 06:24 pm

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.

Debt Update - 4/15/16 - PAID OFF MOM LOAN!!

April 16th, 2016 at 06:11 pm

We are home from vacation.....and WE PAID OFF THE MOM LOAN!!!! WHOOO HOOO! We gave my Mom the check to pay her off on Sunday night and then left for vaca Monday evening. She was definitely super surprised when we gave her the check! The trip was a great way to reward ourselves for finishing the loan! It was a $15K loan for 4 years and we paid it off in only 9 months. So proud of us for working hard and being aggressive with paying that off!

Our next goal will be to pay off the Appliances. They are at 0% until June 2017, but it is our littlest debt by $10K, so we just want to get it done and out of the way. We have enough in savings to pay it off now, but we have to buy a riding lawn mower (our new house has a giant front and backyard and would take about 3-4hrs to mow by hand, plus we will be mowing at my parents rental since we are the property managers now) soon, so we are waiting to see what that will run us before we take a big chunk out of savings. We also have a cruise in September that we have to pay for in June so we don't want to drain savings again just yet. In the meantime, I have stopped the $300 auto-payments that we were making on the Mom Loan, and set up a new $300 auto-payment to Best Buy for the Appliances. So the Appliances snowball is now at $350 per month. I also changed the name of our Cap 360 Savings account from Mom Loan Payoff to Appliances Payoff. We will definitely be paying that off before the end of the year.


Celebrations for this update:
-Mom Loan is PAID OFF!!!
-Total debt went down $13,549.23 in the last 2 weeks!
-Total debt paid off passed $135K!!
-My Mortgage 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 $2750.00
Store Loan $12,121.10
HELOC $28,082.02
MO Mortgage $87,540.20
My Mortgage $156,900.00
Our Mortgage $254,312.81
Total = $541,706.13

Down $13,549.23 in the last 2 weeks!!

Starting total was $587,351.27
$45,645.14 paid off since 6/19/15 (including downpayment on house).

We have $105.00 in a savings account to pay off the appliances, so the amount we still owe that is $2645.00.

Debt Update - 4/1/16

April 3rd, 2016 at 11:04 pm

Update for 4/1/16.

Not too exciting of an update here, just a payment on the Store Loan and what we hope to be our LAST regular payment on the Mom Loan! We are hoping to pay it off in 10 days.....as of right now we have about a $600 leeway to pay if off which is awesome since this was a MAJOR stretch goal! So fingers crossed that nothing crazy happens in the next 10 days. We did have a minor plumbing emergency earlier this week, but I am sure the bill for that won't be here for awhile (providers here bill very behind for some reason). So here is the update and I cannot wait for vaca and our next update!!!


this last 2 weeks we paid off $368.45!!

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 $2800.00
Loan from Mom $12,719.77
Store Loan $12,232.89
HELOC $28,082.02
MO Mortgage $87,540.20
My Mortgage $157,200.00
Our Mortgage $254,680.48
Total = $555,255.36

Down $368.45 in the last 2 weeks!!

Starting total was $587,351.27
$32,095.91 paid off since 6/19/15 (including downpayment on house).

We have $4250.00 in a savings account to pay off my Mom, so the amount we still owe her is $8,469.77.

Debt Update for 3/4/16 and 3/18/16

March 22nd, 2016 at 12:20 am

Oops look like I missed my debt update last payday so here is the last one and my most current.

3/4/16 Update!

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 $2850.00
Loan from Mom $12,976.51
Store Loan $12,456.22
HELOC $28,335.76
MO Mortgage $87,711.28
My Mortgage $157,550.00
Our Mortgage $255,046.89
Total = $556,926.66

Down $367.43 in the last 2 weeks.

Starting total was $587,351.27
$30,424.61 paid off since 6/19/15 (including downpayment on house).

We have $4185.00 in a savings account to pay off my Mom, so the amount we still owe her is $8,791.51.
----------------------------------------------------

Update for 3/18/16, this last 2 weeks we paid off $1302.85!!

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 $2850.00
Loan from Mom $12,976.51
Store Loan $12,344.60
HELOC $28,082.02
MO Mortgage $87,540.20
My Mortgage $157,200.00
Our Mortgage $254,680.48
Total = $555,623.81

Down $1302.85 in the last 2 weeks!!

Starting total was $587,351.27
$31,727.46 paid off since 6/19/15 (including downpayment on house).

We have $4225.00 in a savings account to pay off my Mom, so the amount we still owe her is $8,751.51.

Debt Update 2/19/16

February 24th, 2016 at 10:06 pm

Excited about this update!

Celebrations for 2/19/16 update:
-Total debt went down $1651.02!
-Bad debt race went under the next $1000 mark!
-Total paid off for all debts passed another $1000 mark!
-We have renters in all of our places!


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 $2850.00
Loan from Mom $13,232.40
Store Loan $12,567.76
HELOC $28,335.76
MO Mortgage $87,711.28
My Mortgage $157,550.00
Our Mortgage $255,046.89
Total = $557,294.09

Down $1651.02 in the last 2 weeks.

Starting total was $587,351.27
$30,057.18 paid off since 6/19/15 (including downpayment on house).

We have $4160.00 in a savings account to pay off my Mom, so the amount we still owe her is $9,072.40.

Debt Update - 2/5/16

February 8th, 2016 at 02:36 pm

Celebrations for 1/22/16 update:
-Total debt went down $366.41!
-Bad debt race went under the next $1000 mark!
-Total paid off for all debts passed another $1000 mark!
-We have renters in all of our places!


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 $2900.00
Loan from Mom $13,232.40
Store Loan $12,679.21
HELOC $28,583.33
MO Mortgage $87,881.72
My Mortgage $157,890.00
Our Mortgage $255,412.04
Total = $558,578.70

Down $366.41 in the last 2 weeks.

Starting total was $587,351.27
$28,772.57 paid off since 6/19/15 (including downpayment on house).

We have $4135.00 in a savings account to pay off my Mom, so the amount we still owe her is $9,097.40.

Debt Update 1/8/16 and 1/22/16

January 26th, 2016 at 05:37 pm

Shoot I just realized I didn't post my debt update numbers for 1/8/16, so here are the last 2 updates!

1/8/16 Update

Celebrations for 1/8/16 update:
-Total debt went down $365.39 this update
-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
Loan from Mom $13,487.44
Store Loan $12,901.86
HELOC $28,830.17
MO Mortgage $88,051.53
My Mortgage $158,190.00
Our Mortgage $255,775.94
Total = $557,236.94

$365.39 paid off in the last 2 weeks!!

Starting total was $584,391.18.
$27,154.24 paid off since 6/19/15 (including downpayment on house)

We have $4080.00 in a savings account to pay off my Mom, so the amount we still owe her is $9,407.44.

----------------------------------------------------------------------------

1/22/16 Update

I added our new appliances with Best Buy. We got new stainless steel fridge, microwave, dishwasher and oven. They are so pretty! We have the money in savings to pay for them, but Best Buy was offering 0% for 18 months so we decided to do that and we will pay it off a month or 2 before it is due. I set up auto payments this morning of $50 a month to make sure there are no issues with that, the 0% is good until June 2017. The old fridge and microwave we will be selling. The old stove and dishwasher were junk so we had Best Buy haul them away for recycling at no charge when they brought the new appliances.



Celebrations for 1/22/16 update:
-All of our debts went down this update except for the Mom Loan!
-Rental #1 went under the next $1000 mark!
-Rental #2 went under the next $1000 mark!
-Total debt went under the next $1000 mark! (other then adding the appliances)
-Total debt went down $1191.83! (other then adding the appliances).



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 $2900.00
Loan from Mom $13,487.44
Store Loan $12,790.58
HELOC $28,583.33
MO Mortgage $87,881.72
My Mortgage $157,890.00
Our Mortgage $255,412.04
Total = $558,945.11

Up $1708.17 in the last 2 weeks since we added the appliances.

Starting total was $587,351.27
$28,406.16 paid off since 6/19/15 (including downpayment on house)

We have $4105.00 in a savings account to pay off my Mom, so the amount we still owe her is $9,382.44.

Debt Update 12/25/15

December 28th, 2015 at 07:16 pm

Hope everyone had a great holiday! Here is my last debt update for 2015.

Celebrations for this update:
-Total debt went down $529.17 this update
-Total debt went under the next $1000 mark!
-HELOC went under the next $1000 mark!
-Race #3 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
Loan from Mom $13,741.64
Store Loan $13,013.05
HELOC $28,830.17
MO Mortgage $88,220.70
My Mortgage $158,190.00
Our Mortgage $255,775.94
Total = $557,602.33

$529.17 paid off in the last 2 weeks!!

Starting total was $584,391.18.
$26.788.85 paid off since 6/19/15 (including downpayment on house)

We have $4025.00 in a savings account to pay off my Mom, so the amount we still owe her is $9,716.64.

Debt Update as of 12/11/15

December 14th, 2015 at 02:33 pm

Celebrations for this update:
-Total debt went down $1027.02 this update!
-Total debt went under the next $1000 mark!
-Bad Debt Race went under the next $1000 mark!
-Mom Loan is "technically" under $10K!
-Our Mortgage went under the next $1000 mark!

I am very excited for next update as lots of balances will be falling below the next $1000 marks!


Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Loan from Mom $13,741.64
Store Loan $13,124.16
HELOC $29,079.06
MO Mortgage $88,220.70
My Mortgage $158,190.00
Our Mortgage $255,775.94
Total = $558,131.50


$1027.02 paid off in the last 2 weeks!!

Starting total was $584,391.18.
$25,232.66 paid off since 6/19/15 (including downpayment on house)

We have $4000.00 in a savings account to pay off my Mom, so the amount we still owe her is $9,741.64.

Debt Update - 11/27/15

December 1st, 2015 at 02:14 pm

Celebrations for this update:
-Total debt went down over $500 in the last 2 weeks!
-Total payoff for all debt since I started in 2007 reached $115K!
-Total payoff since we combined our debt on 6/19/15 passed $25K! That's a payoff of $5K per month since June!!


I am very excited for next update as lots of balances will be falling below the next $1000 marks!


Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Loan from Mom $13,994.99
Store Loan $13,235.18
HELOC $29,079.06
MO Mortgage $88,220.70
My Mortgage $158,490.00
Our Mortgage $256,138.59
Total = $559,158.52


$567.03 paid off in the last 2 weeks.

Starting total was $584,391.18.
$25,232.66 paid off since 6/19/15 (including downpayment on house)

We have $3555.00 in a savings account to pay off my Mom, so the amount we still owe her is $10,439.99.

Debt Update - 11/13/15

November 17th, 2015 at 03:07 pm

Went hunting with hubby this weekend, walked about 3 hrs (yeah for burning calories!) and he got a grouse, a pheasant, and a buck! YEAH! Lots of meat for our freezer this winter! Pheasant and grouse are already prepared for cooking and in the freezer. The buck to the grocery store he manages to be processed into sausage, summer sausage and jerky.

Super happy with this update, went down over $1000 in the last 2 weeks!

Celebrations for this update:
-Total debt went down over $1000 in just 2 weeks!
-Total debt went under $560K!
-Total paid on Bad Debt Race passed $7K!
-Mom Loan went under $14K



Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Loan from Mom $13,994.99
Store Loan $13,346.12
HELOC $29,366.61
MO Mortgage $88,389.24
My Mortgage $158,490.00
Our Mortgage $256,138.59
Total = $559.725.55


$1034.77 paid off in the last 2 weeks!!!

Starting total was $584,391.18.
$24,665.63 paid off since 6/19/15 (including downpayment on house)

We have $3330.00 in a savings account to pay off my Mom, so the amount we still owe her is $10,664.99

Debt Update - 10/30/15

November 4th, 2015 at 03:38 pm

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Loan from Mom $14,247.50
Store Loan $13,456.97
HELOC $29,366.61
MO Mortgage $88,389.24
My Mortgage $158,800.00
Our Mortgage $256,500.00
Total = $560,760.32


$483.97 paid off in the last 2 weeks.

Starting total was $584,391.18.
$23,630.86 paid off since 6/19/15 (including downpayment on house)

We have $3305.00 in a savings account to pay off my Mom, so the amount we still owe her is $10,942.50.

Debt Update - 10/16/15

October 21st, 2015 at 04:53 pm

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Loan from Mom $14,247.50
Store Loan $13,567.74
HELOC $29,571.90
MO Mortgage $88,557.15
My Mortgage $158,800.00
Our Mortgage $256,500.00
Total = $561,244.29

$410.68 paid off in the last 2 weeks.

Starting total was $584,391.18.
$23,146.89 paid off since 6/19/15 (including downpayment on house)

We have $2675.00 in a savings account to pay off my Mom, so the amount we still owe her is $11,572.50.

Debt Update 10/2/15

September 29th, 2015 at 02:03 pm

Posting our 2 week debt update a few days early since we will be in Denver on Friday. Very excited for the Vikings Game and some much needed TLC after wedding, house closing, cleaning, packing, moving, rummage sale.....ooofta!!! Can't wait to relax with a chelada!

MO and I are each bringing $1000 for spending money on the trip (food/drinks at the game, souvenirs, gambling, etc.) Whatever we bring home from our spending money we will put into the Mom Loan Savings. I really think we can have that paid off in a year or less!

Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Loan from Mom $14,247.50
Store Loan $13,678.42
HELOC $29,571.90
MO Mortgage $88,557.15
My Mortgage $159,100.00
Our Mortgage $256,500.00
Total = $561,654.97

$362.27 paid off in the last 2 weeks.

Starting total was $584,391.18.
$22,736.21 paid off since 6/19/15 (including downpayment on house)

We have $1250.00 in a savings account to pay off my Mom, so the amount we still owe her is $12,997.50.

Debt Update - 9/18/15

September 22nd, 2015 at 07:27 pm

Things are going good here, still SUUUUPER busy.....maybe after Christmas things will slow down??

This last weekend we had a coed softball tournament, we took 4th place.....4 games in one day is getting to be too much for this lady! Our coed team is 6-0 for the season, so if we keep this up we should get 1st place!

We have just 6 more days to finish packing/moving our belongings to the new house. We have moved over a good chunk of furniture and lots of boxes already, but prob still 40% left to move. We are hoping to finish moving everything other then my office by 9/24. Since I work from home we can't move my office until my business internet connection is set up at the new house, which is scheduled for 9/25. We need to be completely done moving by 9/28 as that is when the carpet cleaners are coming to the old house, renters move in 10/1.

In October we will have $2650 coming in for rental income, but only $1450 in mortgage payments (we don't have to pay on the new house until Nov 1) so we will be putting $1250.00 into savings as soon as we get the rent check. We also have a lot of "new house" bills that we are dealing with (previous owner left propane tank on ZERO...$700, new fan for my office, light bulbs, cleaning supplies, etc.) but we are budgeting it all in as best we can and won't be adding anything to debt or having to take out of savings.




Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Loan from Mom $14,499.17
Store Loan $13,789.02
HELOC $29,571.90
MO Mortgage $88,557.15
My Mortgage $159,100.00
Our Mortgage $256,500.00
Total = $562,017.24

$810.01 paid off in the last 2 weeks.

Starting total was $584,391.18.
$22,373.94 paid off since 6/19/15 (including downpayment on house)

We have $1025.00 in a savings account to pay off my Mom, so the amount we still owe her is $13,474.17.

Debt Update from 9/4/15

September 15th, 2015 at 02:39 pm

Due to the house closing, wedding, and the BIG rummage sale I am late on posting this update. This is our update as of 9/4/15.

The BIG rummage sale went great, estimate of sales as of right now is $8500.00 (that is for the whole sale, not just for me). We made over $1000 just on snacks! I will post details on the sale once we have all of the sale sheets compiled.

Now onto cleaning the new house, moving in, and cleaning out the MO's old house for the rent moving in on Oct 1.....so that means we only have 2 weeks to get all of the moving and cleaning done!!

Celebrations for this update:

-The store loan is finally under $14K!
-We have opened a separate savings account to use for paying back the Mom Loan and we have over $1K in it!


Student Loan $0
Payback Savings $0
David's Bridal $0
Scheel's Card $0
Total Rewards $0
LOC - US Bank $0
Ring Iddeal $0
Loan from Mom $14,499.17
Store Loan $13,899.53
HELOC $29,815.81
MO Mortgage $88,712.74
My Mortgage $159,400.00
Our Mortgage $256,500.00
Total = $562,827.25

Starting total was $584,391.18.
$21,563.93 paid off since 6/19/15 (including downpayment on house)

We have $1025.00 in a savings account to pay off my Mom, so the amount we still owe her is $13,474.17.

New House!

September 9th, 2015 at 03:06 am

Here are the details for the new house and new home loan...I would put up pics if that ever starts working again....

The house is 3600 sq ft, 4 bedrooms, 2 baths, an office, a canning room, separate laundry room, 2 stall garage, huge fenced backyard with gazebo and hot tub. I love it! It does (like any house) have some things we would like to change, but nothing that needs to be done immediately, Unfortunately the seller left it a mess (what's new?!) so we do need to do some extensive cleaning before we move in, and since this week is the BIG rummage sale, it will have to wait another week.

The renters for MO's house have signed the lease and will be paying their deposit on Friday, we have already set up a separate savings account for that money to sit in.

We won't have to make a payment on the new mortgage until 11/1, so that will be nice to have a little extra cash flow for October.

The house appraised at $275K, we paid $270K (My Dad says it is a $300K house, but he isn't an appraiser, lol)....after down payment and closing costs, our new loan is $256,500.00. We have a 30 yr loan at 4.125% and our monthly payment is $1668.16. We were expecting our payment to be $1700+ so this was good news! PMI is $89.78 so I can't wait to get rid of that, of course we have other fish to fry first!

Can't wait to move in!


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