Monday, July 30, 2007

Debt Free

On a related Financial note, Deb Price shares her story:
We set a date -- February 2008 -- to be debt-free and made all money decisions based on that shared goal. Quick examples: Joyce loves to travel, so we took up tent camping -- and found ourselves happily cooking lobsters over an open fire and walking the beach alongside wild Assateague ponies. We swapped golf for tennis, a far cheaper sport.

Most importantly, we prioritized debts, putting every extra nickel toward erasing first one car loan, then the other. Once they were gone, we immediately doubled up on house payments. Each time one loan was wiped out, the pace of our progress picked up. Why? Less was being lost to interest.
Yep.

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