In our first month of the three year challenge to be debt-free, we went from $68,303 to now $66,674!!
The interest is so frustrating because we make a big payment but it doesn't look like it was as big because the interest grows daily! Now we have 35 months to go...and at this rate, we need to pay $1904.00 a month to meet our goal:) In a couple more months, we will have one large loan paid off and from then on, our monthly payment will be reduced with each loan we pay off, making that $1900 shrink and shrink (hopefully!!). I'm excited! Does anyone else get this excited about paying off debt? I'd like to know your plan to pay down debt!
We get excited!! It's a lifestyle change for sure!! CAN NOT WAIT until we are debt free. About another year to year and half for us! We've paid down about 26K since last May. 10K of that was car debt. We sold and got cheaper cars that we paid cash for.
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