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Thread: I am debt-free!

  1. #1
    Join Date
    28th December 07
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    I am debt-free!

    Yesterday, my wife and I were able to pay off a personal loan that had been sucking nearly $600 a month out of our budget.

    Four years ago, the loan was itself a blessing, because it allowed us to pay off the $30,000 in debt (more than I made in a year) to doctors and others to take care of our oldest daughter's serious illness. But prices have risen, and our income has declined, and the monthly payments were too much -- we were running a $500 a month deficit.

    When my co-workers found out, they provided nearly half what we needed to pay the loan off, and a family member came through with most of the rest.

    I feel so much better now.

  2. #2
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    6th April 11
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    What a wonderful feeling that must be, a real weight off your shoulders Its going to be another six or seven years before we get rid of the mortgage and are debt free, and I can't wait

  3. #3
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    7th February 11
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    Congratulations, and every blessing! What a fabulous gift to you in a far less stressful life!
    Rev'd Father Bill White: Mostly retired Parish Priest & former Elementary Headmaster. Lover of God, dogs, most people, joy, tradition, humour & clarity. Legion Padre, theologian, teacher, philosopher, linguist, encourager of hearts & souls & a firm believer in dignity, decency, & duty. A proud Canadian Sinclair with solid Welsh and other heritage.

  4. #4
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    6th April 11
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    It's a great feeling to know you are in debt to no one. Unfortunately, that is not an easy task these days. Congrats on your accomplishment and best wishes to you and those who came through to help you out.

  5. #5
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    10th October 08
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    Louisville, Kentucky, USA (38° 13' 11"N x 85° 37' 32"W gets you close)
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    Quote Originally Posted by Iain Robb View Post
    When my co-workers found out, they provided nearly half what we needed to pay the loan off, and a family member came through with most of the rest.

    I feel so much better now.
    It's wonderful to have friends and co-workers like that. You are indeed blessed.

    Congratulations on your financial freedom.
    John

  6. #6
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    Indeed a blessing!!! The donors must feel you and yours have been a blessing in their lives to merit this. Have fun and keep up the good work.

  7. #7
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    4th October 10
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    How great to be debt free but even better to have friends and family like that.
    You must feel an awful lot like George Bailey right about now

  8. #8
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    9th March 09
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    Congratulations. In this period it is a really hard thing to shoulder debt. Good for you!

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