Hey!! If you’re new to the site or haven’t been here in some time, you may be wondering what this post is. TL;DR – my wife Rachel and I started our marriage together with over $80,000 worth of debt between us. That got old REAL quick, so we turned to Dave Ramsey’s Total Money Makeover for help getting out of it. Though we “started” our journey as a New Year’s Resolution to each other in January 2016, we started really hitting the gas when this blog launched in August 2016, and I’ve been posting these monthly progress updates ever since. If you missed the last one, you can find it here, or you can see all of them from the Updates link on the home page.
It’s the last day of 2017! We’ve been at this sucker for two years, and we’re less than half a percentage point away from the 1/3 mark. If you want a fuller recap of this year, head over to the post I wrote on Friday, where Rachel and I both shared our gratitude to God for blessing us so richly this year, and where we laid out our plans for 2018. For now, let’s look at the progress we made this month. I do humbly request to draw your attention to the part where we paid off the first of Rachel’s student loans!!!
|January 2016 (Start)||November 2017||December 2017|
|Car Loan||$4,685.88||PAID OFF!! 03/17||—|
|Discover Loan||$5,511.82||PAID OFF!! 06/17||—|
|Discover Card||$7,939.49||PAID OFF!! 10/17||—|
|K Student Loans||$14,058.10||$11,167.71||$11,030.66|
|R Student Loans||$47,879.41||$43,749.58||$42,657.18|
|Loan 5||$883.58||PAID OFF!!|
$26,386.86 paid off since 1/1/2016
$16,469.25 paid off in 2017
$1,229.45 paid off this month
The Road Ahead
I’ve already said quite a bit about the transition we’re making from three incomes to two, so I won’t repeat myself again here, but we’re going to need to be creative if we’re going to keep this pace up. Rice and beans, baby! Thankfully, the Instant Pot Rachel’s mom got us for Christmas can handle both of those 🙂 I hope you all have a wonderful start to the new year!