Outstanding Debt as of May 2009
By Ryan Healy | May 18, 2009
Back in November of 2007, I owed a whopping $75,286 in debt. And as of today, I owe $30,094.
If my math is correct, that means I’ve paid off $45,192 — 60% of my total outstanding debt — in 18 months.
Depending on what happens the rest of this year, I suppose it’s possible we could be completely out of debt by the beginning of 2010.
At least, that’s the goal.
Here are my latest numbers showing my debt reduction progress during the last month.
Debt Reduction Progress May 2009
The biggest change from last month to this month is that I paid off our Prosper loan, which frees up $287 a month in cash flow.
That’s what I love about paying off debt… each balance you pay off reduces your monthly obligations… which just makes life easier.
Anyway, that’s all for now.
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Topics: Case Studies, Debt Reduction | 1 Comment »
One Response to “Outstanding Debt as of May 2009”
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May 27th, 2009 at 4:41 pm
congrats! keep up the good work. :)