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STEP 2: Debt Snowball

March 10th, 2009 at 03:18 pm

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.

Posted in Financial Steps | 10 Comments »

10 Responses to “STEP 2: Debt Snowball”

  1. JJ Says:
    March 10th, 2009 at 03:29 pm 1236698941
    1236698941

    Congratulations!!!! What a great feeling!

  2. creditcardfree Says:
    March 10th, 2009 at 03:32 pm 1236699143
    1236699143

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

  3. Ima saver Says:
    March 10th, 2009 at 03:43 pm 1236699808
    1236699808

    Good for you!!

  4. momcents Says:
    March 10th, 2009 at 03:44 pm 1236699894
    1236699894


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

  5. Amber Says:
    March 10th, 2009 at 04:38 pm 1236703134
    1236703134

    Awesome that is great Smile

  6. Aleta Says:
    March 10th, 2009 at 05:35 pm 1236706514
    1236706514

    Wow! That is great. Good for you.

  7. NJDebbie Says:
    March 10th, 2009 at 09:35 pm 1236720935
    1236720935

    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:
    March 10th, 2009 at 10:37 pm 1236724643
    1236724643

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

  9. momsfirststep Says:
    March 11th, 2009 at 03:42 am 1236742935
    1236742935

    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:
    March 11th, 2009 at 06:59 pm 1236797945
    1236797945

    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.

    Thanks

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