August 2017 Debt Payoff Report

Debt Payoff Report
In August we were finally able to bring our debt down to four digits and we’re starting to see the light at the end of the tunnel. We should be completely debt-free by the end of October and from that point on we’ll be saving everything we were throwing at debt and using it for some goals we’ve had in mind (i.e. investing, retirement & down payment for a house).

This past month we completely paid off my car and my ECSI student loan. It felt great to send in that last car payment and know that we will never have to send another car payment again (when we decide to purchase a car in the future it will be used and paid for in cash).

As you can see on the detailed spreadsheet below, we are down to the last couple of student loans, both from Nelnet at around $3k each.

August Debt Payoff Report

:: Live like no one else so that later you can live and give like no one else ::

Author: Amanda

Amanda graduated architecture school in 2012 with approximately $24k in student loans. Soon after, she financed a car a year later and ended up with a total of $40,000.00 in debt at the end of 2013. After being introduced to the Total Money Makeover book by Dave Ramsey she completely changed her views on personal finance and decided to stop borrowing money and focus on becoming debt free. She is Debt Free as of October 2017.

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