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    Car paid off today

    It took us 3 1/2 years to pay if of $32,500 Odyssey. Boy I tell you, it feels really gooddddd. All we have is the mortgage and 2nd.

    No credit card debt
    No more car payment
    Got debt?
    www.mo-moneyman.com

    #2
    I bet it drives better now....awesome job.

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      #3
      Congrats! Wonderful news!

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        #4
        Definitely congrats! I paid mine off a couple months ago as well, and I agree.... It's GREAT to get a significant debt like that eliminated--and also to know that the car is 100% your own.
        "Praestantia per minutus" ... "Acta non verba"

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          #5
          The process isn't much fun but it's great to finish off something like that. My last debt is Mortgage and should be done in 7yrs.. I'll definitely have a party that day
          "Those who can't remember the past are condemmed to repeat it".- George Santayana.

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            #6
            Thanks guys.

            DW and I were so excited this morning. This is actually the first time in 6 years of being married we don't owe anything else except mortgage. This is the moment that we have been waiting for.
            Got debt?
            www.mo-moneyman.com

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              #7
              Well
              Done!!!!!!!!!!!!!!

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                #8
                Originally posted by tripods68 View Post
                This is actually the first time in 6 years of being married we don't owe anything else except mortgage. This is the moment that we have been waiting for.
                Congrats! We're also at the mortgage-only stage and we're chipping away at that but still have about 15 years. Maybe less.
                Steve

                * Despite the high cost of living, it remains very popular.
                * Why should I pay for my daughter's education when she already knows everything?
                * There are no shortcuts to anywhere worth going.

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                  #9
                  WTG it's a great feeling to know the car lasts longer than the payments. Enjoy Odyssey and know in your heart there is no good reason to change-out vehicles ea. year except in the imagination of the marketing mavens

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                    #10
                    I'm so jealous!

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                      #11
                      congrats!

                      I hope to be in your shoes asap- I just bought a new (used) Hyundai Tuscon yesterday- I want to pay it off asap, now.

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                        #12
                        Originally posted by disneysteve View Post
                        Congrats! We're also at the mortgage-only stage and we're chipping away at that but still have about 15 years. Maybe less.

                        The feeling is mutual. DW and couldn't stop "high fiving" and congratulating each other all day

                        Now we can just "focus" on saving using the snowball affect except it goes to our EF. That's an extra $700 a month that will be putting away on top of what we currently save now.
                        Got debt?
                        www.mo-moneyman.com

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                          #13
                          Originally posted by tripods68 View Post
                          The feeling is mutual. DW and couldn't stop "high fiving" and congratulating each other all day

                          Now we can just "focus" on saving using the snowball affect except it goes to our EF. That's an extra $700 a month that will be putting away on top of what we currently save now.
                          We're currently paying an extra $100/month on the mortgage. I'm tempted to increase that, but I think it would be better to boost non-retirement savings. Both of our cars are getting older (both over 100K miles) and we've only got 5 years before college expenses arrive. I think once I cap off the Roths this month, I'll start stashing cash for those things.
                          Steve

                          * Despite the high cost of living, it remains very popular.
                          * Why should I pay for my daughter's education when she already knows everything?
                          * There are no shortcuts to anywhere worth going.

                          Comment


                            #14
                            Originally posted by disneysteve View Post
                            We're currently paying an extra $100/month on the mortgage. I'm tempted to increase that, but I think it would be better to boost non-retirement savings. Both of our cars are getting older (both over 100K miles) and we've only got 5 years before college expenses arrive. I think once I cap off the Roths this month, I'll start stashing cash for those things.

                            You pretty much said it..."boost non-retirement savings". That's pretty our goal right now. We need to achieve our EF goal of $36K by next summer. Everything else we start tackling one by one.

                            For instance, we have a lot of expenses that we are looking ahead in the next year or two. Our kids room is the top priority; we need to repaint both of their rooms, add new beds and furnitures. We are also looking replace our TV and the microwave. Then theres our old 95 Altima that have been so good to us. We like to keep it as long as it last. Hopefully, we won't need to replace it just yet. Knock-on-woods!
                            Got debt?
                            www.mo-moneyman.com

                            Comment


                              #15
                              Originally posted by tripods68 View Post
                              It took us 3 1/2 years to pay if of $32,500 Odyssey. Boy I tell you, it feels really gooddddd. All we have is the mortgage and 2nd.

                              No credit card debt
                              No more car payment

                              Congrats! We've closed off a lot of old debts, and are almost up to our savings level that we've been aiming for, and as soon as we do, we'll have the car paid off within a month or two, and we're really looking forward to it.

                              I'm 27, and I've never not had a car payment.

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