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STEP 2: Debt Snowball

March 10th, 2009 at 08:18 am

Today marks a great day in the Paseo history as today is the day we completed Dave Ramseys Financial baby step 2, "Debt snowball".

We were able to pay off $67,200 worth of CC and vehicle payment debt in 22 months thanks to some savings, the wife picking up a job and a 15 month deployment to Iraq.

We ended up paying off the debt a month early from our projections which means we can get onto the next baby step a month earlier.

10 Responses to “STEP 2: Debt Snowball”

  1. JJ Says:

    Congratulations!!!! What a great feeling!

  2. creditcardfree Says:

    Congratulations!! I'm sure you can make it.

  3. Ima saver Says:

    Good for you!!

  4. momcents Says:

    You can be the poster child for sticking to a plan and acheiving!

  5. Amber Says:

    Awesome that is great Smile

  6. Aleta Says:

    Wow! That is great. Good for you.

  7. NJDebbie Says:

    That is great! I'm also glad you made it back safely from my Iraq. Thank you for protecting my freedom and good luck with your next baby step.

  8. cptacek Says:

    Oh mylanta! That is great. I am very happy for you and your family. Also, ditto NJDebbie's comment!

  9. momsfirststep Says:

    Congratulations to you and your wife! How exciting and thank you so much for your service to this country. Good luck with saving 3-6 months of expenses.

  10. mrpaseo Says:

    Thank you all for your kind words, truthfully I didn't really know if anyone would see my progress. Your words bring encouragement towards our next step.


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