We have big things in store.
Like really big things. Some of which have slowed down our debt chipping away progress the last couple of months.
I don’t want to spoil it, but we have a couple of surprises coming your way within the next couple of weeks. I know you are dying. We’ll keep you posted as it comes. Stay tuned.
This months debt update was really exciting for one reason…my loans are out of the $30,000! We’re now in the 29k’s. I got the butterflies when I saw the total this morning.
…And then I saw that Danny’s rapidly accruing interest pretty much made up for the difference, in the negative. He starts working in just a few short weeks. We have really been trying to take advantage of this time he has had off by spending lots of time together and trying to get in as many cheap or free fun-tivities as possible. And honestly it is probably the only time in his life where he will get to act as the stay at home parent, so we are trying to treasure this time BUT we are very excited for him to start working so we can really start knocking his portion of our debt out.
Without further adieu, our current debt update:
Seeing Danny’s total this morning made me feel fairly discouraged about our 5 year goal. Is it too lofty? Can we really pay off $600k in 5 years? I just don’t know. Time will tell. I heard this quote when I was probably in middle school:
And it’s been playing over and over in my head all morning. We have definitely bitten off more than we can chew. Can we chew it? While I love the idea of accomplishing our goal within 5 years– I just don’t know if it is too impractical. Obviously we are going to have to live frugally. Obviously we are going to have to increase our income (a ton).
I honestly don’t know anyone who has paid off this much debt, let alone within such a short amount of time. So I’m taking it to YOU. What do YOU think? Is this even possible? Have you set a lofty goal but then been able to reach it?