The big bad D word..

DEBT!

I am happy to report that we have one more payment on our Dell account, then we are so done!! Dell account? Let me explain...

Back in 2006, I thought that it would be a good idea to purchase a computer on credit through Dell. I was a student and I needed to be able to work on papers. I got the computer and immediately started paying it off. It was almost paid off in 2007 when Craig's computer decided to die. I bought another computer because he too was going to school and it was necessary to have one. I think you see where I am going with this story. We had so many other bills to worry about that we only paid the minimum to keep from getting late fees. It is now 2012!!! 2012! We are just now paying it off. Yeah, tell me about it. The kicker is Craig's computer has bit the dust. LOL! Really?!

We still have my computer and it's fine for what we use it for. Earlier this year Craig got an iPad 2 and paid cash this time. The iPad is nice and it functions almost like a laptop. What did we learn from this? Buy only what you can afford..

Our current debt can be out into three categories:

1. medical bills from Langston's birth (will be paid off by the end of the year!!!)
2. student loans (if we continue with Dave Ramsey 4-6 years..faster if we both get promotions next year :) )
3. mortgage (could be 10 years according to the snowball method, but it could be 7-8 years if we get really crazy!)


I feel more confident in our financial situation than I did four years ago. I can see the progress we are making now and it helps me to stay focused on our long term and short term goals.