Welcome to my debt updates page! I track the progress my husband and I make on our debt payoff here. Our debt payoff journey has really been a doozy. As you can see below, in 2014 when I got serious about paying off my debt, I only started tracking my debt since we were just dating at the time and not managing finances together.
I started with about $30,000 of debt and paid off close to $10,000 during 2015. In 2015, I got serious about paying down mt student loans after getting my high-interest car loan out of the way. Then my husband and I got engaged that fall.
We got married the following spring in May and combined out debt totals, so naturally, we both had more debt. Together we started out with around $44,000 in 2016, but now we have about half that.
It’s been a wild ride filled with so many twists and turns. Unexpected expenses have popped up and derailed our progress and I also quit my stable job last fall to work full-time as a freelancer and blogger. I never know exactly how much I’m going to earn each month so it’s which makes it more difficult to pay off debt but not impossible.
My current goal is to pay off my student loan debt by the end of 2017 which is the last of my personal debt. This will allow us to invest more which is a major goal of mine since I recently realized I’d like to retire early.
Feel free to check out our debt numbers below. I’ll try to keep this page updated and once we are completely debt free, I can start tracking our net worth here too.
As of 2014, my starting debt included:
Car Loan: $9,705.71
Credit Card Debt: $0
Student Loan: $20,845
April 2016 Totals (Last month as single)
Car Loan: $0
Credit Card Debt: $0
Student Loans: $17,340.24
March 2017 Totals
Joint debt for both my husband and I
C’s Student Loans: $6,494 (More than 70% paid off!)
R’s Student Loans: 15,153.03
R’s Credit Card Debt: $0
R’s Car Loan: $809.25
Our Tempurpedic Bed: $1,334.00
Want to Learn More About Paying Off Debt?
You might find these posts interesting:
Debt Mindset Series – weekly interview series profiling different people’s debt repayment journeys
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