$60,000 in Debt: Month 26

Thursday, July 28, 2016

Wooo!  Past the 30k mark!  Other than that... nothing too exciting.

$60,000 in Debt: Month 25

Thursday, June 30, 2016

I've been so busy with the house that I almost forgot to post this.  I still have a few big house related purchases coming up so I'm not quite back to attacking my student loans, but I do plan on getting back to that soon.  At the same time though I'm going to also try to save a little more for miscellaneous things.  We have a trip coming up in September, I eventually want a newer car, investment property #1 already has got me thinking about investment property #2, etc.  So many things that cost money.

I didn't realize it until just now but my undergrad loans are below 6k.  That almost feel like nothing... almost.  And my grad school loans are now under 20k.  I'd prefer if that was under 6k, too, but under 20k isn't too bad.  Also it's not visible from here, but my highest individual loan is now under the 10k mark!  No more double digit loans!

...well except for that new mortgage, of course.


The Loss of a Great Man

Monday, June 13, 2016

We laid my grandfather to rest this weekend.  I know often after someone passes away people tend to wax poetically about the person even if they weren't necessarily the most deserving, but my grandfather deserved every second of good words and praise he received this weekend.

I think I can safely say he was the greatest man I have known.

He was a brave firefighter, a caring father, a loving husband, an amazing friend, the greatest grandfather, and a devote Catholic.

I could honestly go on for hours about him, but this week has been unbelievably exhausting so I'm not sure I have the energy to put everything to paper.

His funeral was simultaneously the saddest and most beautiful event I've ever experienced.

On the day we buried him I wrote that I hope I can live up to his legacy.  I've been doing a lot of soul searching since then and while I am still unsure of where it may lead me, I know that I need to start taking steps towards a new path... one that will hopefully make my grandfather proud.

We Bought A House!

Sunday, June 5, 2016

I didn't want to jinx anything before our closing, but as of Wednesday I am officially a home owner! Myself, Josh, and my parents are now all co-owners of an investment property.  Josh and I will be living in one of the units for a while as "tenants" but eventually the property will just be a second source of income for all of us.
Unfortunately, because this is a rental, the unit we are moving into is pretty beat up.  We were hoping we could move our things in and just update as we go along, but we're going to at minimum need new paint and a deep scrubbing of everything.  I washed one of the windows the other day and my paper towel came back black... and that was just from the glass.

I've spent most of the last three days there doing work on the house.  Our goal for now is to just get our bedroom and the living room/kitchen painted so we can get that stuff all moved in.  My father and I painted the kitchen ceiling today and I'm concerned it looks like crap, but I'll have to see how it looks once it's actually dry.

Josh's two weeks of annual training with the National Guard of course started the day after we closed on the house, so most of this work is on me until he gets home.  I want us to be able to move in as soon as he's back so I'm going to try to get as much done as possible, but it's exhausting. I am sore all over. At least I won't have to worry about going to the gym for the next few weeks.

Possibly the best part of this whole thing is that our tenants seem to be perfect.  Because we were buying the house as owner-occupiers, we had to pick which tenant needed to move out.  That was much harder than I thought it would be. We met one of the tenants when we went to look at the house, and he told us that he and his family only moved in about three months ago.  The owners of their previous rental wanted to move back in and kicked them out and "if we have to move out again it will be the second time this year."  He also told us he was paying $200 more in rent than the other tenants.  For a few reasons we still chose to ask them to leave. We felt really bad but the other tenants had been there for 8 years and seemed to have taken great care of their unit.  I had a lot of guilt about kicking out a young family,  but I think I would have felt worse kicking out people who had made this place their home.

We found out after the closing that the other tenant had flat out lied to us.  They hadn't been there for three months.... they had been there for three years.  And they weren't paying anything more than the other tenants.

I didn't feel bad at all after that.

The tenants that are staying have been so friendly and helpful.  They've basically treated this place as their own house all of this time and I feel like that is more than I could ask for as a first time landlord.

$60,000 in Debt: Month 24

Friday, May 27, 2016

It's hard to believe I've been tracking this debt pay off consistently for two years now.  And I'm almost exactly at the half way point!  I think I was really hoping I would be done with all of it now, but I spent much of the last year working on saving up for a down payment on a house.  I think it would be a lot more satisfying to have all my debt paid off, but purchasing an investment property (and giving myself a place to live) is way more practical.

I think it's also mainly because I was tracking my spending so closely that I was able to save up for the down payment in a relatively short period of time.  So it was really all worth it.

And even more exciting... our closing is next week!  I know I'm going to have a ton of expenses right off the bat, but once I'm settled in it's back to getting rid of loans.  Possibly have them all paid off in the next year?? I'm not making any promises to myself because I know there will be other major expenses in the next few years, but there's nothing wrong with setting lofty goals :)



$60,000 in Debt: Month 23

Thursday, April 21, 2016

More of the same... everything I have is going into my house fund which may be getting used in the next few weeks.  Knock on wood.  

I think I was hoping that by the time I hit two years of tracking I would be almost 100% done with my debt, but life happens.  And, in fact, my debt will soon be pretty much quadrupling.  All for good reasons though!  

As much as I want to say I'm at least student loan free, I know there are other things in life I need to focus some of my energy on so I'm not getting too worked up at still having a balance.