Debt Update: The End Of Summer

Hey all! It’s the last full month of summer and an overall good one for our finances. Once again, not much has changed (i.e. we didn’t win the lottery). However, we did have another record month for our family loan payment. We were able to drop a $1,500 bomb on it. It’s definitely not going to be that much next month but it feels awesome to pay that much off right now!

Also, I know I haven’t been posting frequently on here and it’s mostly due to a new project of mine. I am working on a new blog called Things To Learn. Basically, I write about things that interest me that I have a desire to learn more about. Have you ever had a random thought pop into your head that you didn’t know the answer to? Well, this new blog puts those thoughts on the web.

Now, I’m not saying this blog is kaput. It’s not. I just won’t blog that often. But when I do, I hope to knock it out of the park.

Here’s to getting out of debt!

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My name is Adam and I am in debt. Yep, I came out and said it in the first sentence. I hope that shows you how passionate I am about getting out of debt and enjoying life in the process. Join my wife and me on our journey and be sure to contribute to the great discussions. You can get FREE email updates about the site as soon as they are posted. If you would like to hear our whole story, visit my about page. Thanks for visiting!

13 Responses to Debt Update: The End Of Summer
  1. Jolyn@Budgets are the New Black
    August 31, 2010 | 11:16 AM

    Looking good, staying the course. :) Even if you don’t blog here often, you’ll still have this as a running commentary and reference for your path to becoming debt-free, and that alone will make it worth keeping it open.

    I hope you’ll add this post link to my blog’s monthly debt and net worth update post that will be on my blog September 3rd. I’ve been posting my monthly updates for several months now (over a year?). I’m just starting a linky-linky to encourage others to share their updates to help inspire and motivate others — and so we can cheer each other on, as well!

  2. Joe
    September 1, 2010 | 7:10 PM

    Hey guys, was just wondering if you have ever tried Mint.com (it may seem like I work for them, but I swear I dont). It is a site that lets you track all your bank accounts, loans, assets, etc. in one place, and dynamically updates your accounts if you provide your credentials. It would be a much more efficient tracking method than doing it manually through Excel.

    • Adam
      September 2, 2010 | 7:50 AM

      These amounts are actually tracked in Mvelopes. I just transpose them over to Excel for better readability.

  3. Len Penzo
    September 3, 2010 | 8:47 PM

    Congrats on continuing to work down that debt, Adam! And best wishes on the new blog too! :-)

    All the best,

    Len
    Len Penzo dot Com

  4. Sean Browne
    September 24, 2010 | 2:35 PM

    Getting out of debt is always a big hill to climb. Debt can easily deteriorate a person’s lifestyle, and this can be really depressing. I remember when I was so far into debt that I would be losing sleep over it. Having to deal with payments upon payments and barely being able to afford a decent meal. But proper planning and management can help dramatically in getting out of debt.

    What I did was added up all my income and made a plan for myself which would pay all my bills and slowly start to chip away at my debt. Before I knew it I had a good amount of savings, my debt had dropped drastically, and I was enjoying life a lot more before I hit rock bottom.

    I know it’s easy to talk about things and make it happen, but if you put in enough dedication to getting out of debt, it’s definitely achievable. Sometimes you just have to cut out all the unnecessary expenses and save money to pay bills. It might be horrible at first but once you see the debt declining, it’s definitely inspiring to carry on with getting out of debt.

    Please feel free to check out my blog and leave comments for me at http://www.wealthvest.com/blog/

    Thanks everyone and I hope to hear from you soon!

  5. Corina
    December 5, 2010 | 8:29 PM

    Its truly inspiring to see you working through your debts. Helps motivate the rest of us.
    Keep up the great work.

  6. twentysomethingmoney
    December 31, 2010 | 10:16 PM

    Congratulations! It looks like your well on the track to being debt free. Look forward to reading your blog in 2011!

  7. Amy
    January 3, 2011 | 1:43 PM

    Any updates for the new year?

    • Adam
      January 4, 2011 | 4:15 PM

      I’m working on one!

  8. Jason
    April 6, 2011 | 1:15 AM

    You going to post anymore man?

  9. Techlinking
    May 26, 2011 | 12:51 PM

    Congrats on continuing to work down that debt, Adam, Thank you for your posts :)

  10. sherlyn
    July 21, 2011 | 8:10 PM

    Not bad, this one is one of your great blogs. Everybody drops a lot of money every summer. Because you know summer is a great season to enjoy. I think that debt is too much. . .

  11. Chris
    January 18, 2013 | 11:32 AM

    Hey Chris,

    Haven’t seen you blog in a while, I hope the debt situation has continued on the last seen trend of improvement!

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