Marching To Debt Freedom – Couple #1 – Month 05

Introduction

Couple #1 is THROUGH with debt!  They have been married for many years and have two children.  They are now five months into their march.  Here is this month's update.

What went well this month …

Well, it's January, and we are back on track.  I am jacked because this year we are putting a lot of debt in our rear view mirror.  Look for next month's update, big things are going to happen.  Thank you, Joe, and thanks to all with encouraging words!  It is great to do something really meaningful.  Now if I can shed about 20 lbs along with my debt.

Challenges and struggles for this month …

The challenge is being impatient.  I want to pay everything all at once.  I must remember that I did not get here overnight, and I won't be paid up overnight.  I'm Not Broke is big medicine, share it with your friends! 

Updated Debt Freedom Date …

Month By Month Progress …

Sangl says …

Couple #1 PAID OFF ANOTHER CREDIT CARD!  Couple #1 is making excellent progress.  Based upon their update this month, I suspect that they are going to be receiving a tax refund or bonus!  They also gained 1.5 months toward debt freedom!  This couple are beginning to emerge from the toughest months – the beginning months.  Pretty soon this is going to be second nature and this debt will start dropping like flies!

Think about it – Couple #1 has paid off $4,802 in just FIVE months!  That is nearly one thousand per month!  It is amazing what you can do when you have had your IHHE Moment

Readers …

Are you receiving a tax refund this year?  You might want to read the series "Best Utilize Your Tax Refund" before you spend it!

Also, take a moment to consider your own personal finance situation.  What would it be like to share it with the world like Couple #1 is?  Will you take a moment to thank them and encourage them on their journey? 

Read Previous Monthly Updates For Couple #1 HERE

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2 Responses to “Marching To Debt Freedom – Couple #1 – Month 05”

  1. Anita February 5, 2008 at 6:00 am #

    I got your website from newspring and I may have been late in the game so this may be a really silly question. Why do the months go up when the debt is going down? I just don’t understand? Thanks.

  2. Joseph Sangl February 5, 2008 at 6:54 am #

    Sangl says …

    Anita,

    They had some lower amounts going out the first couple of months due to Christmas – that led to an increased DF Date for a couple of months.

    Nice observation!

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