Friday, April 18, 2008

Living in a debt-free world

When we moved 20 months ago, we knew that our budget would be a little tighter than normal, given the higher real estate prices here compared to Jackson. Little did we know how very, very badly the housing decline would hit us personally. After racking up debt to pay two mortgages, fix up both houses, and eventually taking a loss on the Jackson property, we were in a not very enviable position.

We've worked hard the last year and a half to pay all that down. Today, I made the last payment on our last credit card! We now have just the house (which we recently refinanced at a lower rate) and Stephen's car, due to be paid off by August. I am loving the freedom!

1 comment:

Kath said...

Yea! Now you can afford to treat your sister to lunch!