Payoff

May 18, 2007 at 12:35pm By: Mr. Wilson Posted in 625 Elm Street

Within a one-month span The Missus and I will:

  • Pay off RUNRGAL, her 2001 Prism
  • Pay off our credit card expenses from our trip to Boston to pick up Robbie last year
  • Pay off my laptop
  • Stop paying for daycare, since The Missus will be home with Robbie this summer (and beyond?)

Not having to pay for these items each month is going to feel very, very good. With these four liabilities out of the way, that just leaves the house and my student loan, and my student loan debt isn’t bad at all considering it covers a BA and an MA.

Nevertheless, I’m not going to do a happy dance or anything since I know darn well that debt abhors a vacuum and new expenses have a way of wiggling their way into one’s life. For example, my 1993 Ford Tempo needs some potentially expensive repairs and will probably need to be replaced sooner rather than later. And with The Missus no longer working full time we’re going to feel a shock when her paycheck stops arriving later this summer.

Still, I will allow myself a nice smile and a deep breath while I enjoy the temporary freedom from some of our large regular expenses. I plan to enjoy it while it lasts.

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The Comments

foxspit May 18, 2007 at 1:50pm

Congratulations Mr. Wilson!  Major accomplishments and definitely something to be proud about.  I look forward to having one less car payment next year, but with one in high school, there seems to be an entire cue of expenses just waiting to fill the gap.

Fletch May 18, 2007 at 2:02pm

Dave Ramsey would be very proud of you! Fight the good fight! Keep it up! For you non-Dave Ramsey fans or those that don’t know of him, he’s well worth your consideration!

Mr. T May 19, 2007 at 3:08am

Ahhhh, so that’s why you skimped out on the tip at Spaghetti Works for lunch (which I see attracted some other Lincolnite.com regulars today).

Gene May 19, 2007 at 6:12pm

Nice work. Paying something off always feels good.

Karin May 23, 2007 at 3:08pm

Yay for no debt! We’ve only got the house, and a plan to pay that off in 5 ish years, assuming we stay in Lincoln and nothing goes horribly wrong (knock on wood).

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