Realized something great last night

[john455]

The wife and I were going over the bills last night, and realized that after the 23rd of this month we will have 2 big bills paid off leaving us with almost $1,200.00 extra each month. We honestly hadn't realized they were almost paid off. Time to start looking for couple I WANT THAT purchases lol. Just had to share the good news!!!!

[Steelharp]

Congrats!

[KahrMan]

It always feels good when you accomplish something like that. Congrats. 

[Erik88]

26 minutes ago, john455 said:

The wife and I were going over the bills last night, and realized that after the 23rd of this month we will have 2 big bills paid off leaving us with almost $1,200.00 extra each month. We honestly hadn't realized they were almost paid off. Time to start looking for couple I WANT THAT purchases lol. Just had to share the good news!!!!

Not trying to get personal about your finances but you should consider throwing some of that towards retirement. The stock market is going HAM right now. I've got an IRA from my last job that I haven't put a penny into this year but it has still grown by several thousand. My wife's 401k has a double digit rate of return right now as well.

Edited August 18, 2017 by Erik88

[peejman]

Getting out of debt is a big deal!  By all means, treat yourselves.

But...  if you don't force some of that surplus into something useful (house needs new roof fund, oh crap the AC just died fund, kids gonna go to college fund, etc.) it'll disappear a lot faster than you think. 

 

Edited August 18, 2017 by peejman
Again with the unintended font change...?

[Erik88]

29 minutes ago, peejman said:

Getting out of debt is a big deal!  By all means, treat yourselves.

But...  if you don't force some of that surplus into something useful (house needs new roof fund, oh crap the AC just died fund, kids gonna go to college fund, etc.) it'll disappear a lot faster than you think. 

 

Well said. When I paid off my student loans I thought "I'll take this $400/month and do something smart with it." 

 

I have no idea where that money went.

[john455]

We plan on building the retirement fund up, but going to treat ourselves to a nice new toy first lo Nothing huge, My wife wants to take the bathtub out and put in a new shower stall in our bathroom, and I've been wanting a new/slightly used 4 wheeler since I sold mine a few years back when we had to get my mother out of some financial trouble she got into when her dementia had her bouncing checks all over Greeneville. Nancy won't let me get to crazy lol she is that little voice in my head that keeps me in check when my eyes get big sometimes lol.

[monkeylizard]

Does your wife know about Nancy?

Seriously though, that's great. Keep it up and you'll be out of the debt hole entirely. It's very freeing.

Edited August 18, 2017 by monkeylizard

[Ronald_55]

Great to hear. So could I borrow a few bucks? 

[gregintenn]

Debt free is something my wife and I have always agreed on. You're gonna like it!

[RED333]

We are free as well , wait till you walk in your paid off yard, the grass feels so good.

[Ronald_55]

The bank still owns my stuff for more years than I like to think about.

[A.J. Holst]

As we reduced debt, our charitable giving increased and we still had extra to attack new debt and fund retirement.