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I DID IT! Debt free!!! :)

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  • I DID IT! Debt free!!! :)

    Today, I made my last student loan payment and am 100% debt free! I'm so excited, and happy that I chose to pay off all of my student loans and car loan this year. Now, to start saving for the down payment on a house I hope to buy next year! WOOHOO !!

  • #2
    Congrats! Good Work.

    A few questions:

    How old are you? Do you have any assets or investments?
    Brian

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    • #3
      Congratulations! Less debt is always good in my book.
      My other blog is Your Organized Friend.

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      • #4
        Congratulations! I remember when I paid off my debt and became debt-free; it was so perfect! The feeling is amazing. You will REALLY feel it when you get your next paycheck and do not have to send money to a lender!
        Check out my new website at www.payczech.com !

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        • #5
          Originally posted by bjl584 View Post
          Congrats! Good Work.

          A few questions:

          How old are you? Do you have any assets or investments?
          I'll be 25 next month. I have an emergency fund of $10,000, and have been contributing 6% to my 401k through my employer - not much there just yet, maybe $3500 or so.

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          • #6
            Way to go!!!

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            • #7
              Congratulations!

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              • #8
                Good on you! I wish everyone in your demographic had a tiny bit of your money smarts! I've no idea of your life goals but it seems once you set your sights, you'll do what's needed to succeed.

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                • #9
                  Originally posted by panda_bear3 View Post
                  Today, I made my last student loan payment and am 100% debt free! I'm so excited, and happy that I chose to pay off all of my student loans and car loan this year. Now, to start saving for the down payment on a house I hope to buy next year! WOOHOO !!

                  Congrats! Fantastic!


                  Originally posted by panda_bear3 View Post
                  I'll be 25 next month. I have an emergency fund of $10,000, and have been contributing 6% to my 401k through my employer - not much there just yet, maybe $3500 or so.
                  Looks like you are doing quite well. You have a decent sized emergency fund. Starting on your 401k early is good.

                  How much are you saving a month towards a down payment on a house?

                  What are your long-term goals say 10+ years down the road?
                  ~ Eagle

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                  • #10
                    That's AWESOME!!!!! Congrats!!!

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                    • #11
                      Congrats man, this is really motivating for the rest of us

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                      • #12
                        Originally posted by panda_bear3 View Post
                        Today, I made my last student loan payment and am 100% debt free! I'm so excited, and happy that I chose to pay off all of my student loans and car loan this year. Now, to start saving for the down payment on a house I hope to buy next year! WOOHOO !!
                        Congrats!! Job well done!

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                        • #13
                          Congratulations man! That is wonderful. You are young and already wise with money.

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                          • #14
                            Cheers!
                            Kill the debt, before it kills you!

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                            • #15
                              Congrats!

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