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4/20/08
One Year Update
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Sunday, April 20, 2008
5:17:00 AM EDT

One Year Update

I started my debt reduction plan May 2007.  Well, I have finished paying the bills for April so all my finances are complete.  That makes it one year since I’ve started this journey.  How am I doing?  I think I’m doing OK.  I wish I could go faster but I’m doing just fine.

Here’s my debt snowball snapshot! I almost paid off $25,000.00 in one year!  I can’t wait until all of my debt is gone!

April Snowball

Depending on the real estate market will determine if I keep my Fixed 2nd mortgage in the snow ball.  If, by next July things are better I will sell and not worry about the 2nd mortgage.  Woo Hoo just a little bit over a year and it’s DONE!



Written by dbaumgartner Blog about this entry
This entry has 4 comments: (Add your own)
  • #4 Comment from lacaza3 
    6/22/08 10:37 PM | Permalink
    so really how does this snow ball things work
    donna In TEXAS
  • #3 Comment from suzypwr 
    4/25/08 10:34 AM | Permalink
    You are doing such an incredible job!!!

    xoxo
  • #2 Comment from purplehazebarn 
    4/21/08 1:25 AM | Permalink
    Really think you did great, but I am a little confused.  Why would one pay off the bills with the lowest interest rates first?  I always though you would want to get rid of those with a high interest rate before something like 0% interest.  Can you clue me in?  LaVern
  • #1 Comment from onetoughcookie43 
    4/20/08 9:56 AM | Permalink
    AMAZING!!!! You should be VERY proud of yourself. Paying off 25,000 worth of debt in only one year is QUITE the accomplishment. Keep up the good work and the inspiration!!