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Home > The Ups and Downs of My Debt, but Looking Forward to the Future
 

The Ups and Downs of My Debt, but Looking Forward to the Future

November 9th, 2011 at 05:30 am

Since I have only really been keeping track of my debt since 2008, because before 2008, I didn't have any debt. Somehow I got into some debt, and by the end of the 2008 year, I was:

$16,179.08 in debt.

Then my medical bills creept in and my debt total was up to $27,350.73. By the end of 2009, I was able to pay off over $15,000 in debt and got it down to $11,644.77, before my income was cut in half.

Then some dental work on my youngest child came to be and I ended the 2010 year with $13,147.87 in debt.

We are now in 2011 and we are still working on my youngest beautiful smile, but I have diligently been working on repaying my debt. We have one, maybe two more visits to the dentist, but my overall debt is down to $12,947.45. I still need to make November and Decembers debt payments, so I am not sure where I will actually be when I start 2012.

But, 2012 holds a lot of promise. My income tax return will go directly to debt payoff and I will start seeing a large reduction in my overall debt. All dental appointments will be done with. I have been able to set up an emergency fund over the past year, which has been a lifesaver for not acquiring any more stupid debt. Sharing a car with my daughter has worked out well, although, now my youngest has his driver's license, so he will be driving the neon also. But, we are gonna make it through one more year before I consider buying a car, and at that time, I will pay mostly cash. I have been putting extra money in an account earmarked for a vehicle, while paying my debt and keeping my emergency fund funded.

And, my mortgage will be under $100,000.00 starting the 2012 year. Looking forward to the 2012 year and getting much closer to being debt free.

1 Responses to “The Ups and Downs of My Debt, but Looking Forward to the Future”

  1. gamecock43 Says:

    great job! Especially to be under the 6 digit mortgage bar!

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