(Find previous getting-out-of-debt posts here.)
Well, the Warrior Poet and I have sent off our final payment on the van loan. Yippee! It only took us five (!) years. Here's praying that the transmission doesn't fall out before we save up for a replacement!
(Those of you who think you need a new car even though you have to schedule the payments out for sixty months, don't do it! Back away from the salesman. Please pay cash for a beater instead of going into long-term debt for a car. Believe me.)
But God has been good to us. Two years ago, we faced the fact that not only were we $25,000 in debt (excluding the house), we were too undisciplined to get out of debt without personal help. We enlisted the aid of a personal financial coach for six months, who trained us to keep our heads in the game and our eyes on the goal. He was very helpful. He still replies to our occasional emails when things go awry and we don't know what to do.
Anyway, in two years we have paid off over $15,000. We listen to folks on Dave Ramsey that have paid off $50,000 or more in two years, and realize we are not nearly as aggressive as Dave recommends, BUT we have still paid off $15,000 in debt in two years.
(We realized in the counselling sessions that the only way we could get that aggressive would be to put the kids in school and send me back to work full-time. We decided that we were Not In That Bad Of Shape. We were going to do this thing while homeschooling if at all possible, even if it took longer.)
$9700 to go. Yippee!