pay off debt

Most of the time when I look at this goal, I don’t give it much thought. It can seem unbearable at times, but I have to remember that each payment counts.

Right now because I am not working, we are letting my student loans be in deferrment and we are not making payments. It kills me to do this, but really we need our savings to pay my health insurance until I can work again.

We are still paying my the big loan, though, and each time I send out the check I have to remind myself that it’s one more step to being debt-free.

out for school this week. It was sad to see the savings account decrease by that amount, yet it means we did not take anymore in loans. No more loans! No more loans!

for my last two semesters of school with cash instead of taking out another loan. While it will be a hard hit to the savings account, I am happy to not go further in debt.

paying cash for groceries. Somehow using cash just makes things easier.

I found out last night that my father wasn’t completely honest with us about where he got the money. It wasn’t taken from his retirement (interest-free). He took out a loan on the mortgage of his house. Whoa. This really changes our perspective on it. I am feeling very overwhelmed at how we are going to manage to pay this off. It’s my parents, for goodness sake. Once the legal shit is over we will figure out what to do. Until then, there isn’t a need to keep worrying about it.

The financial ramifications of this are going to be huge. Thank goodness we have our families for financial support. In the end we could owe anywhere from $30-50,000. I can’t believe it. I never would have expected this. It is so scary. I am grateful for the savings we have.