Friday, August 10, 2007

Why Am I Doing This?

We have debt. Too much of it in fact.

$40,172.17 to be exact.

This debt is my motivation to earn extra money and get it paid off quickly.

Our goal?
We want it paid off by April 1st, 2008.

You can see how much we started with and how we are doing it here.

Are you in the same boat? How are you doing it? Or have you paid off a significant amount of debt? I'd love to hear your story.


JW said...

I highly respect you in your decision to get out of debt quickly.

My husband and I are trying to do the same. We started off with $32k in debt and it rose up to $41k after only three months! Now we are back down to $13k.

Good Luck.

Mom of 3 said...

That's awesome! You've done a great job at getting rid of that debt. It's amazing how quickly it can grow though isn't it?

glblguy said...

My wife and I (and our kids) are on the same path you are. I'm not going to say how much debt, but it's alot. We started our process early this year and have paid off about $10,000 in credit card debt and sold my truck and our camper which totaled about $25,000 in debt.

We still have a ways to go, but are determined. Wish it would shrink as fast as it would grew ;-)

Anonymous said...

Congrats on taking that first step. We are in the same position, won't say how much though. It's a scary thought to see how far you can get into it. I look forward to watching you get out of debt.