Outstanding Debt as of May 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
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.

If you enjoyed this post, make sure you subscribe to my RSS feed!

One thought on “Outstanding Debt as of May 2009”

Comments are closed.