Tuesday, July 13, 2010

No More Car Payment

Kristi and I have been married for over 7 years and for 6 of those years we have had a car payment. That ended yesterday and what a burden has been lifted from our shoulders. We will be a one car family for a few weeks but knowing that we will never need to make another car payment is a good feeling. About half of our debt was from the car and so we have slashed the total debt to less than 15k :). Kristi pointed out that we made a car payment for 6 years with nothing to show for it, but we did get to drive them for 6 years. The main thing I was hoping for is that we would not be too far upside down in the Honda, but we actually came out a little ahead and to celebrate we got some pizza hut pizza last night. I will say that I highly recommend Craigslist for selling ANYTHING. So far we have sold a watch, purse, stroller, and the Honda.

The best part of selling the CR-V was that the new owners are just amazing people. The transaction went smooth and Saturday night we spent a few hours just talking and hanging out after the test drive. Dori (the CR-V) has a great new family and we are 18 months closer to being out of debt. A true win-win, I think we are all going to a San Antonio Missions game once the weather cools down :)

New Schedule :)

Pmt# Sallie Mae 2 Sallie Mae 2
08/01/10 698 157
09/01/10 698 157
10/01/10 530.77 324.23
11/01/10
855
12/01/10
855
01/01/11
855
02/01/11
855
03/01/11
855
04/01/11
855
05/01/11
855
06/01/11
855
07/01/11
855
08/01/11
855
09/01/11
855
10/01/11
855
11/01/11
855
12/01/11
855
01/01/12
605.39

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