Eliminating Debt

This year we are really tackling our debt.  Honestly we don't have that much, especially in comparison to the national average, which is about $9900 in credit card debt, plus car payments and mortgages.  We have no where near $9900 in credit card debt, but if you add in our car loan we are just $10,000.  We have made a debt pay-off plan with the help of Dave Ramsey, and we will be completely debt free in April of 2009.  The target date of April 2009 is very easily attained and we hope to be debt free by the end of the year, we are praying for Gods will in this.

We are doing a few things to help pay-off our debt:  using the cash/envelope system for most purchases, using the Dave Ramsey debt-snowball,  COMPACTING, budgeting our money before we spend it and using some of our tax return to help pay down the debt.

So far so good.  We are paying off a few little debts this month, and old dentist bill, a garbage company bill that I got tired of fighting, along with our closing cable bill from our last house (we just received it, WEIRD) .

As you noticed, I said nothing about a mortgage, well that is because we do not own our home.  We live in the home that my mother-in-law grew up in.  Our hopes and dreams are to add on and remodel.  I am not sure it is possible, but I dream of being able to pay cash for the remodel/add-on.  Right now any big changes to the house are on the back burner, it will definitely have to be in Gods timing.