Wednesday, February 15, 2012

Less then a Grand!...

...is what I now owe!  My outstanding balances on my LOC and SISIP loan are $676.43 and $242.87.  That equals $919.30!  92% of my debt is gone!  I have paid off $10,479 of debt in just under a year.  With the interest added in there I will probably have averaged about $975 a month for 12 months to pay off my debt. 

If you take that $975 and add in the $363 I paid a month on a car loan that means I was paying $1338 a month to debt.  That is about 41% of my take home pay.  Boy I am glad I am almost at the finish line for this marathon!

Hope you are all training for the debt free dash, it's getting close!

May 2011 - Each ring represents $100 of debt

Today - There are 10 rings ($919.30)
Posted by Little Lamb at 12:14 PM

29 comments:

  1. Out My windowFebruary 15, 2012 at 1:59 PM

    I cannot wait to be you!

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    Replies
    1. Little LambFebruary 15, 2012 at 4:18 PM

      Kim, I can't wait until you are in this position also!

      Delete
  2. MichelleFebruary 15, 2012 at 2:27 PM

    Wow good job!

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  3. KrystinFebruary 15, 2012 at 2:42 PM

    AWESOME JOB!!!!!

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  4. LouiseFebruary 15, 2012 at 3:22 PM

    this is so exciting!!

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  5. AnonymousFebruary 15, 2012 at 3:45 PM

    Truly amazing!! I'm with Kim - I want to be you!!

    Sarah

    PS Thanks so much for the award! I will tackle that soon :)

    ReplyDelete
  6. Little LambFebruary 15, 2012 at 4:21 PM

    @ Lousie - Thanks! It is very exciting!

    @ Sarah - Thank you! I so can't wait for you to be in this situation also!!!

    Blogger was being stubborn and wouldn't let me reply directly to your comments.

    ReplyDelete
  7. LenaFebruary 15, 2012 at 5:17 PM

    This is awesome! I'm so happy for you!

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  8. JaneFebruary 15, 2012 at 5:31 PM

    FANTASTIC!! Yes, I'm training as often as I can - I really want to help you celebrate this goal!! You ROCK!

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  9. Little LambFebruary 15, 2012 at 10:48 PM

    Aww thanks Jane!!! You're the best! :)

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  10. CassieFebruary 15, 2012 at 11:24 PM

    I'm so jealous!!! You've earned it little lamb, congratulations. You're almost there!

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    Replies
    1. Little LambFebruary 16, 2012 at 9:23 PM

      Thanks Cassie. You are getting there too! Plus I still have my car loan to go. :)

      Delete
  11. DebbyFebruary 16, 2012 at 8:54 AM

    YOU ROCK!!!!!! So happy for you!

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  12. B-KatFebruary 16, 2012 at 11:19 AM

    Well done!!! It is so great when you can see the end!

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  13. TaniaFebruary 16, 2012 at 2:59 PM

    That is too cool. Especially the visual representation of that debt! You can do it! I am quite certain you're preparing for the out-of-debt party!

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    Replies
    1. Little LambFebruary 16, 2012 at 9:26 PM

      Thanks Tanner. The big out-of-debt party won't happen until the car loan is gone as well. For now just the little celebration of the debt free dash. :)

      Delete
  14. ~Carla~February 16, 2012 at 8:08 PM

    You're well on your way!!! :)

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    Replies
    1. Little LambFebruary 16, 2012 at 9:26 PM

      Thanks Carla. You have been such a wonderful friend and supporter!

      Delete
  15. AnonymousFebruary 16, 2012 at 9:16 PM

    THat's sooo cool, I love that idea of the paper chain! Can I steal it?
    Congratulations!!

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    Replies
    1. Little LambFebruary 16, 2012 at 9:27 PM

      Thanks! Please help yourself. I can't take credit for the idea at all but I have found it to be helpful!

      Delete
  16. Little LambFebruary 17, 2012 at 5:16 PM

    Thanks MM! You have played a huge part in my journey. If not for finding you on Gail's blog I'm pretty sure I wouldn't be blogging at this point and I'd probably still be in all that debt. You have been such a great encourager and huge inspiration to me. I am extremely thankful for you!

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  17. AnonymousFebruary 18, 2012 at 12:52 AM

    YAAAAAAYYYYYYY! I remember when that was a really long chain!

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    Replies
    1. Little LambFebruary 18, 2012 at 9:51 PM

      Thanks Judy! In some ways that feels so long ago and in others it feels like yesterday. It's been a journey. One that I am thankful to have such great friends, like yourself, to be on it with.

      Delete
  18. RafikiFebruary 19, 2012 at 7:29 PM

    I remember when that first went up, now look at it today. Time seems to have flown by.

    It's so close to the time for that dash and I haven't practiced a bit. I won't back out though no matter what. I will make the 5km.

    ReplyDelete

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