A few months back when I wrote about how our small emergency fund saved us, No Debt Guy commented on how having an emergency fund in cash may be counterproductive. Here is what he said: I have often wondered if having an emergency fund is the best way to pay off debt or is ...
Category Archives: Debt
Debt Update: February 28, 2010
February was a short month in terms of days but a big month for debt repayment. We managed to eliminate $2,532.86, our biggest month ever! This was in addition to replenishing our emergency fund (about $800) that was depleted from paying some estimated taxes in January. We feel great about what we were able to ...
Debt Update: January 31, 2010
January was a fairly good month for us. Even after depleting our emergency fund and them pumping it back up to $1,000, we were still able to pay off over $1,400 in debt. Also, keep in mind that the $1,400 we paid off is only the reduction of principal and doesn't count the ...
Why I Don’t Stress About My $23,000 Pile Of Debt
The following is a guest post Daniel Packer from Sweating the Big Stuff. Be sure to check out his site! I'm in quite a bit of debt, but it doesn't really bother me. I know that I won't be getting out any time soon, but I'm ok with it. I don't need to worry, ...
2010 Financial Resolutions
It's a new year and time for some resolutions. My wife and I have decided to go all financial resolutions this year in anticipation for some major debt butt kicking. We obviously want to complete EACH of these resolutions by year end. To be honest with you, I know we can do it. If we ...
Debt Update: December 31, 2009
The year has come to an end and I am pleased with our progress so far this year. Since we came out in July and totaled our debt, we have paid off approximately $7,200. Not too shabby. We are also proud to announce that we did not add any more debt during that ...
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