My journey to freedom using Dave Ramsey's Total Money Makeover
Tuesday, March 3, 2009
Forecasted Debt Free Date
My forecasted debt free date is January 2013. I'm hoping it'll be sooner than that, as thats just following the snow ball and doesn't take into account extra payments like when the tax refund comes in.
haha...sweet ticker! Don't be discouraged by that date you came up with. When we calculated out how long it would take us to pay off my wife's student loan at the current minimum payment we were making...she would retire before she paid it off (30+ years). Working Dave's debt snowball plan, we'll have it paid off in under 3 years. 3 years to be debt free is WAYYYY better than 30.
Thanks Anna! I love having a support group even if its faceless strangers online.
Thanks Christopher, I admit, I liked yours and decided to get one of my own. I know that the forecasted date is just an estimate and that its not accurate and that working hard and really getting intense can shorten it.
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Thanks for following my blog :)!!
Its always great to see other people doing the same thing that we are trying to do. Can't wait to read through more of your postings!
haha...sweet ticker! Don't be discouraged by that date you came up with. When we calculated out how long it would take us to pay off my wife's student loan at the current minimum payment we were making...she would retire before she paid it off (30+ years). Working Dave's debt snowball plan, we'll have it paid off in under 3 years. 3 years to be debt free is WAYYYY better than 30.
Thanks Anna! I love having a support group even if its faceless strangers online.
Thanks Christopher, I admit, I liked yours and decided to get one of my own. I know that the forecasted date is just an estimate and that its not accurate and that working hard and really getting intense can shorten it.
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