Thursday, February 26, 2009

February Financial Update

Thanks to my income tax refund, my total debt (including my mortgage) is now under $100,000. It's $98,525.51 to be precise. Of that, $21, 374.22 is credit card/personal loan debt and $28,833.14 is my HELOCC. My mortgage has $48,268.15 to go and will be fully paid off on my 65th birthday--a mere five years and one month away.

The numbers are not as important as the fact that the indebtedness is finally going down at a faster rate than my usual sluggish pace.

7 comments:

Sharon said...

Having your mortgage paid off by 65 is awesome. I'm sure the rest will be gone too! Good for you!!

Kemkem said...

Well done! You are my inspiration...

Grace. said...

LOL! Wouldn't it be more inspiring if I didn't have this kind of debt at all?

Momthing1 said...

That's quite a milestone, congratulations!

Living Almost Large said...

Congratulations! Good luck!

Shevy said...

No, I think it's inspiring that you have had the debt and are getting rid of it!

The folks who post comments saying that they've never paid interest to a credit card company, paid for school without student loans and save up and pay for each car in full just irk me.

I think of them as the Stepford Wives of the FP blogosphere.

BJ said...

AWESOME!!!!

You are an inspiration to me and my wife.