Today we made the last payment on my student loans. Let me repeat that: WE PAID OFF MY STUDENT LOANS!! We are so excited and proud. We have been putting all of our effort into paying of them since January and we finally did it! Jack getting his promotion last month bumped up our goal date by a month, so yay Jack and yay to him for depriving himself all of the things he has been wanting for the last several months! Jack and I started following a tweaked version of the Financial Peace University plan, the 7 baby steps. I couldn’t get Jack to fully follow emptying our saving account or stop the retirement contributions. Lastly we also didn’t do the smallest debt first, we felt the student loan should be the one we worked on first since it had a much higher interest rate. Now that being said, I truly believe in the Dave Ramsey plan and tell everyone that will listen about it. If you are serious about getting out debt and changing your life, follow his plan! Now that my student loan is paid off we only have one more debt: Jack’s car loan. Thankfully it is small and our goal is to have it paid off by the end of next month. Every cake order since January and any leftover budgeted money has been going towards this goal and we are so close we can see the light at the end of the tunnel. I can’t wait until next month when we are truly debt free and we can shout “WE ARE DEBT FREE!”
These are posts from the original Oak Tree Junction blog before I took a break in 2020. These posts were created to share my creations with the hopes that it will inspire others to show their creative side. I plan to continue to share new creations on the current blog.