Debt Update: $1,000 On The Family Loan

Another month come and gone. Is it just me or is time flying by this year?

Anyway, it was another typical month. Nothing too special. We did pay $1,000 on the family loan, our largest amount to date! We’re hoping it leads to a lot more in the future.

August should be a good month as we are getting an extra $1,000 from a summer job that my wife did plus about $500 in some stuff that we sold on eBay.

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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!

8 Responses to Debt Update: $1,000 On The Family Loan
  1. Jolyn@Budgets are the New Black
    August 3, 2010 | 11:18 AM

    Great work! Keep it up! We’ve been trying to sell some stuff around here ourselves…

    • Adam
      August 4, 2010 | 3:13 PM

      Get selling! It helps give you the feeling of getting some traction. Not to mention it helps remove clutter from the house.

  2. mel
    August 3, 2010 | 11:56 AM

    That’s awesome that you are making progress. Every time I try to implement something like this, something comes up, like fixing the car, or I just feel too overwhelmed by the numbers. Thanks for showing that people in debt really can get out.

  3. Budgeting in the Fun Stuff
    August 3, 2010 | 1:12 PM

    Congrats and good luck on this coming month!

    • Adam
      August 4, 2010 | 3:16 PM

      Thanks and good luck to you too!

  4. Financial Samurai
    August 7, 2010 | 12:11 PM

    Good job Adam. That family loan has to be the #1 priority in my opinion, and that’s what it seems like you are focusing on!

    Cheers, Sam

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