Week in Review: DEBT FREE!

by Alecia on March 27, 2010

WOW – I have HUGE news!!

Our family is officially DEBT FREE (except for our mortgage) as of last night!  Yep, we submitted our taxes and received our rebate yesterday, which was enough to cover the remaining balance on the husband’s final student loan.  We paid it off last night and celebrated with Chocolate Babka Bread!

Waking up this morning, there is a sense of relief and freedom!  I’m thinking about Easter gifts for the girls without a sense of guilt.  In fact, there was enough money left over from our tax return to put a significant portion into savings as well (adding to our “Emergency Fund”).  We are officially onto Step 3 of the Dave Ramsey Plan.  All of our hard work and sacrifice is really paying off and it feels amazing to be able to accomplish these goals one by one.
I’ll be honest, we set a goal in January to pay off the remainder of the debt in three months, each laughing a little as we thought “Yeah right”.  But, we Ate from the Pantry through all of February and even extended that concept into March, purchasing only the bare minimum.  With the wonderful surprise of a larger tax refund than initially anticipated, our goal has been accomplished – in only TWO MONTHS!  I think it is so important to set goals, even ones that seem a touch out of realistic grasp, because you never know what the Lord may bring your way to assist you in your endeavors.  It feels so good to know that we are following Him even in our approach to our finances!

As for the rest of the week, it has been a hectic one.  You may not have noticed much, but this little blog is growing, slowly but surely.  Our efforts to prosper are being rewarded – and for that, we thank YOU!  Keep spreading the word and coming back here to encourage us!  We can feel your love.

How have you been doing this week/month/year?
Have you filed your taxes yet?
We’d love to know – so comment and tell us!

  • Share this article on Facebook
  • Share this article on Twitter
  • Email this Post
  • Share on Stumbleupon
  • Disclosure Policy

{ 10 comments… read them below or add one }

Whitney @ Coupon Wonder Mom March 27, 2010 at 4:47 pm

Congratulations on being debt free!! Did you call Dave Ramsey? :) My husband and I are on our final debt snowball – the student loan, of course! We're almost there and I can't wait for it to be GONE!

Reply

Serving While Saving March 27, 2010 at 4:58 pm

Congratulations! I can't WAIT to be able to write that post myself. =)

Reply

Tracey March 27, 2010 at 7:09 pm

Congratulations on reaching this goal! We are also debt-free except for our mortgage.

By the way, it's my first visit to your blog. Can't wait to read more!

Reply

Milena March 27, 2010 at 7:33 pm

So jealous! Great news- really motivates me. We are working on our snowball and we just moved on to the next credit card- so this gives me hope! Congrats!

Reply

Spectacular Savings March 27, 2010 at 7:35 pm

Congrats!! What a great accomplishment!

Reply

Kim March 27, 2010 at 9:29 pm

Found your link on Southern Savers. We are also working on paying off some debts and I am using the money from grocery savings to help. Love Dave Ramsey and we are doing his plan also. What an encouragement your blog is. Look forward to stopping by more often.

Reply

My Wee View March 28, 2010 at 12:45 am

Congratulations on this accomplishment! It felt so wonderful to pay off all student loans (we paid ours off with our tax return as well a few years back)! We celebrated with a new TV :)

thanks for the FF, I am your newest follower!

Take care,

Lynette
xo

Reply

Meagan March 28, 2010 at 3:52 am

Congrats on being debt-free! Wow! What an accomplishment!!!

Reply

The Girl Creative March 29, 2010 at 12:32 am

Congratulations on becoming Debt Free!! That is our dream!! We are slowly working on it, Praise God. :)

Reply

Bree March 30, 2010 at 12:05 am

Yay, that is great. Living debt free is certainly a sense of freedom and relief- like you said. Enjoy this wonderful accomplishment!!!

Reply

Leave a Comment

Week in Review: DEBT FREE!

by Alecia on March 27, 2010

WOW – I have HUGE news!!

Our family is officially DEBT FREE (except for our mortgage) as of last night!  Yep, we submitted our taxes and received our rebate yesterday, which was enough to cover the remaining balance on the husband’s final student loan.  We paid it off last night and celebrated with Chocolate Babka Bread!

Waking up this morning, there is a sense of relief and freedom!  I’m thinking about Easter gifts for the girls without a sense of guilt.  In fact, there was enough money left over from our tax return to put a significant portion into savings as well (adding to our “Emergency Fund”).  We are officially onto Step 3 of the Dave Ramsey Plan.  All of our hard work and sacrifice is really paying off and it feels amazing to be able to accomplish these goals one by one.
I’ll be honest, we set a goal in January to pay off the remainder of the debt in three months, each laughing a little as we thought “Yeah right”.  But, we Ate from the Pantry through all of February and even extended that concept into March, purchasing only the bare minimum.  With the wonderful surprise of a larger tax refund than initially anticipated, our goal has been accomplished – in only TWO MONTHS!  I think it is so important to set goals, even ones that seem a touch out of realistic grasp, because you never know what the Lord may bring your way to assist you in your endeavors.  It feels so good to know that we are following Him even in our approach to our finances!

As for the rest of the week, it has been a hectic one.  You may not have noticed much, but this little blog is growing, slowly but surely.  Our efforts to prosper are being rewarded – and for that, we thank YOU!  Keep spreading the word and coming back here to encourage us!  We can feel your love.

How have you been doing this week/month/year?
Have you filed your taxes yet?
We’d love to know – so comment and tell us!

  • Share this article on Facebook
  • Share this article on Twitter
  • Email this Post
  • Share on Stumbleupon
  • Disclosure Policy

Leave a Comment

Previous post:

Next post: