Two weeks ago we sent in our final payment on our car, making our goal of being debt-free by our final Financial Peace University class! I know that if we had not had the concrete goal we would still be paying on it. It was so nice to celebrate with everyone at our closing dinner.
We had a potluck dinner before viewing the final lesson together. My husband has a co-worker that makes cakes so we asked her to make us a credit card cake that everyone could cut a piece out of for dessert. Everyone loved it! Here's the cake:
It sort of seems anti-climatic to be debt-free now. Maybe it hasn't sunk in because I haven't had the chance to enjoy NOT writing that monthly check.
We are now started on our fully funded emergency fund. We have a little over half of a month's worth of expenses so far. I'm anxious to watch that balance grow.
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Enjoy the saving!!
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The cake idea was perfect - cutting it up and eating it is so symbolic!
July 25th, 2010 at 01:59 pm 1280066386
So all your mortgages are fully paid off too?
I'm so jealous. Fantastic, and keep up the good work.
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We paid off over $31,000 in less than 3 years. I did some of it on my own before I managed to get DH fully onboard. He was supportive before, but it really accelerated then. We also cash flowed some large expenses during that time too that isn't figured in the debt.
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Jerry