We’re Debt Free!

Our secret goal that we’ve been working towards!

I have to start with our backstory! This wasn’t a quick journey or one that was just started without much thought.

Rewind way back to 2005. We started our year off by having a beautiful baby boy. I had just graduated college (with some debt) and didn’t have a job. The Mr. was working and bringing in a decent income. However, we were barely making ends meet and babies are expensive.

Fast forward to the end of 2005, my beautiful and healthy 25 year old sister passed away very I expectedly. She was so close to really getting to the good part of life. She had just landed a better job. She had a great boyfriend and was starting to make some money. But, life just ended.

Still in 2005, my mom was battling 2 types of cancer, bills are crazy with those treatments and money was tight. (Hang in there, I’m getting to where our debt free journey begins, but these experiences definitely have altered my thinking.)

Moving on up 10 years. I finally heard of Dave Ramsey, money envelopes and a debt snowball. We had lots of bills and not a lot of savings. We brought our nest egg up a bit, and achieved our first big financial goal. We paid off my car!

Now we are up to March of 2015. We still have quite a mortgage and a truck payment, but the debt snowball was rolling. We tracked our money and budgeted like we should have been for a long time. And finally started writing everything down.

Our repurposed financial notebook

We started paying down the truck by making double payments (since we were used to paying the car payment, we just continued putting that amount towards the truck) and finally got that beast paid off in February of 2018. Yay! All that was left was the mortgage and the solar panels. So, we started making extra payments on the panels (we put what we used to pay for the truck and car towards the panels) and by May 2019, those were paid for!

And last, but not least is the house. We had been putting any extra money that we had towards the mortgage. It had been getting paid down a little at a time. From May until now, we have been paying every extra bit towards the house. And here we are in February of 2019, and we just paid off the house.

Here we are in 2019 debt free. I’m not even 40 yet, so now I question how much longer I will continue to work. I enjoy teaching, but I also enjoy spending lots of time with family, sewing, growing food and spreading my love for the environment.

I’ll end by saying that I didn’t share our story to be braggers. We live in a much different way than most. We don’t drive new cars, have the newest of anything, eat out often, live in a high end neighborhood or go on amazing vacations. I’m proud that we decided to achieve this before we were old.

The take away is that anyone can do this with time and dedication. Your journey might be longer or shorter. I acknowledge that we are blessed with good jobs (teacher and trooper), but we did not come from money. We are very proud of our accomplishment!

Keep blooming friends! 🌸❤️

2 Comments on “We’re Debt Free!

  1. Hooray!! Congratulations. So exciting. We have a little over 70K left on ours but we will be there with you and your family in owning our house soon!!! Again, congratulations. I love reading about your house and your way of life. It’s so inspiring.

    Liked by 1 person

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