Looking at the numbers, I have done the poorest job of debt reduction in 2014, out of the years I have been blogging.
And if we wanted to get technical, the debt is really up. Not included in that 2014 number is the LOC for DS's college expenses, which is setting at a bit under $8 600. So technically, I am UP $5200ish.
It also doesn't include DH's truck loan, but I have never included it as I do not pay it off.
Debts December 2009 - $70 771.99
December 2010 - $52 410.25 (down $18 361.74)
December 2011 - $40 055.29 (down $12 354.96)
December 2012 - $35 921.04 (down $4 134.25)
December 2013 - $25 925.49 (down $9 995.55)
December 2014 - $22 494.06 (down $3431.43)
The only thing on the debt amount just above is the mortgage. I don't anticipate this number will change a whole lot as I do not plan to put anything extra on it. I have one child in college now and as of the fall of 2015 I will have two.
My focus must must must be on finding a way to reduce expenses to get through the next four college years.
Despite this doom and gloom prospect, I rejoice in the fact that I started this blog in 2008 and I started becoming money AWARE. I would not have had any of the successes or planning I have now, without that start then.
So if you are reading this, and just starting out, or just thinking about starting out, please DO. You will be so happy you did. I know I am.
Tuesday, Nice weekend!
1 day ago
1 comment:
Reading your posts about your son going back to college made me all teary, and reminded me that, I too will one day face that time when your kids aren't always home with you. You have to embrace each moment as it comes.
As you noted on the financial side, your awareness is increasing, and you're doing what you can to stay on top of the increasing expenses. You're doing it!
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