Baby Step 2: Another Debt Bites the dust!

Well we have been plugging away on paying off debt. We were able to pay off another loan that we early with the debt snow ball. Now we can focus on paying off our final credit card and then saving to put a good chunk of money down on a house to buy in a year or so. We continue to pay cash for everything. This includes vacations we took this summer and vacations we plan to take next summer. What a great feeling it is to be able to pay for these things up front and not worry about how we'll pay our bills and such. Paying cash for everything has really helped us with this entire money make over! 

Here is a look at what we've paid off so far.

-Reliance Urgent Care: $151.34 PAID OFF 1/1/2011
-Sam's Club Credit Card: $809.44 PAID OFF 1/15/2011 & 2/15/2012
-Mercy Medical: $934.90 PAID OFF 2/28/2011
-My Parents: $2725.00 PAID OFF 2/28/2011
-Sister & Brother in law: $4,260.00 PAID OFF 1/12/2012
-Capitol One Credit Card: $450.00 PAID OFF 2/15/2012
-Dr. Ramos: $143.50 PAID OFF 2/23/2012 
-Lab Test Services: $182.00 PAID OFF 2/23/2012 
-Midland Memorial Hospital: $250.00 PAID OFF 2/23/2012
-Misc. Dr. Bills: $300.00 PAID OFF 2/23/2012 
-NM Back Taxes: $460.50 PAID OFF 2/23/2012 
-Revised Mortgage: $1460.00 PAID OFF 2/23/2012
-Odessa Regional: $4500.00 PAID OFF 2/23/2012
-Barclay Credit: $4000.00 PAID OFF 4/16/2012
-American General: $3,541.56 PAID OFF 9/15/2012

Here is what we will be focusing on paying off now (with updated payoff amounts):

1-Wells Fargo Credit: $4,000.00

Check out our other Baby Step updates on previous posts!

Baby Step 2: Update 4

Jason has been hard at work and he received a slight pay raise recently so we are paying down on our debt more and more each month! Today I was able to pay off another credit card!! This only leaves us with three major debts until we are debt free!! With hard work and determination we could have the next two debts paid off over the next two months. Then we can focus on paying off our van (which will be a big relief because I'd like to start saving to trade it in and pay cash for a different vehicle with all the problems it has been having recently).


I want to add that we are blessed to have so many friends here in Texas that understand and live a frugal life making it easy for us to follow their great examples! We try to keep our fun/entertainment free or cheap, our grocery shopping as minimal as possible, working out free or cheap, and our friends help find good deals on clothes, shoes and extras for the family so we don't have to pay full price. Surrounding yourself with people that set good examples with their money has made us work harder to live a similar life!


Here is a look at what we've paid off so far. 

-Reliance Urgent Care: $151.34 PAID OFF 1/1/2011
-Sam's Club Credit Card: $809.44 PAID OFF 1/15/2011 & 2/15/2012
-Mercy Medical: $934.90 PAID OFF 2/28/2011
-My Parents: $2725.00 PAID OFF 2/28/2011
-Sister & Brother in law: $4,260.00 PAID OFF 1/12/2012
-Capitol One Credit Card: $450.00 PAID OFF 2/15/2012
-Dr. Ramos: $143.50 PAID OFF 2/23/2012 
-Lab Test Services: $182.00 PAID OFF 2/23/2012 
-Midland Memorial Hospital: $250.00 PAID OFF 2/23/2012
-Misc. Dr. Bills: $300.00 PAID OFF 2/23/2012 
-NM Back Taxes: $460.50 PAID OFF 2/23/2012 
-Revised Mortgage: $1460.00 PAID OFF 2/23/2012
-Odessa Regional: $4500.00 PAID OFF 2/23/2012
-Barclay Credit: $4000.00 PAID OFF 4/16/2012


WOW THAT IS A LOT OF DEBT!! And to think of all the debt we've paid over the last 7 years we've been married. Oh what a relief it will be to live debt free!!


Here is what we will be focusing on paying off now (with updated payoff amounts):


1-American General: $3,541.56
2-Wells Fargo Credit: $4,741.53
3-Chrysler Financial: $18,410.01

Baby Step 2: Update 3

  Well after buckling down and pushing ourselves very hard the last several months we have made a huge dent in our debt! It is a huge relief to pay off so much debt as well as pay cash for the medical expenses we just ran into with Kaedyn getting RSV and Jason getting a vasectomy at the end of the month. We are so close to paying off all debt which we are so excited for (except for our mortgage but we have renters in it at this time). We pay cash for everything and are canceling and cutting up all credit cards so we can live deft free for the remainder of our lives!


  The last time I updated on our debt paid was before our huge speed bump of Jason loosing his job, our renters moving out and me giving birth to Kaedyn. To recap you can view the previous update here Baby Step 2: Second Update. During our road bump we sadly slipped and accumulated more debt but we are back on track and paying off our debt as quickly as possible. Not only have we really been pushing to put every penny we can towards debt but we also put our tax refund towards debt as well! I will say that a few months ago it was easy to feel buried in debt again. I wasn't sure when or if we'd ever live debt free but a few short months later I am feeling fancy free and ready to tackle the last of our debt!!


Here is a look at what we've paid off so far. 

-Reliance Urgent Care: $151.34 PAID OFF 1/1/2011
-Sam's Club Credit Card: $809.44 PAID OFF 1/15/2011 & 2/15/2012
-Mercy Medical: $934.90 PAID OFF 2/28/2011
-My Parents: $2725.00 PAID OFF 2/28/2011
-Sister & Brother in law: $4,260.00 PAID OFF 1/12/2012
-Capitol One Credit Card: $450.00 PAID OFF 2/15/2012
-Dr. Ramos: $143.50 PAID OFF 2/23/2012
-Lab Test Services: $182.00 PAID OFF 2/23/2012
-Midland Memorial Hospital: $250.00 PAID OFF 2/23/2012
-Misc. Dr. Bills: $300.00 PAID OFF 2/23/2012
-NM Back Taxes: $460.50 PAID OFF 2/23/2012
-Revised Mortgage: $1460.00 PAID OFF 2/23/2012
-Odessa Regional: $4500.00 PAID OFF 2/23/2012


1-Barclay Credit: $4000.00
2-American General: $4058.36
3-Wells Fargo Credit: $4800.00
4-Chrysler Financial: $20,480.28


  What a huge amount of debt we've acquired but more importantly that we've paid off in comparison to what we still have outstanding!


  These last four are the final debt bills we are working to pay. With our debt snowball in full swing we will be able to make a huge dent in these debts in coming months and **fingers crossed** we'll have them all paid off by years end! If we can do it, anyone can do it!! 


  I'll update when we pay off more debt!