Another Goal Down...

So...it's 2016. It's still early, but I'm going to go out on a limb here and say 2016 is going to be the year we FINALLY conquer debt.

In November, my car bit the dust. Obviously, buying a new one was not part of our financial plan. In fact, our financial plan was looking like this:

1. Establish an emergency fund of $1000 CHECK
2. Pay off Loan #1 - car. GOAL: Paid off by September 2013. CHECK
3. Pay off Loan #2 - credit card. GOAL: Paid off by Christmas 2013 CHECK
4. Pay off Loan #3 - other car. GOAL: Paid off by end of school year, 2014 by end of summer, 2014 by February 2015 CHECK
5. Pay off renovation - GOAL: Paid off by end of summer, 2015 CHECK
6. Pay off LAST LOAN - Undergrad. GOAL: Paid off by August 2016 May 2016

Buying Big Blue delayed #6. That sucked. But, what was really cool was that we were able to pay half down and had a plan to pay it off in 6 months. I am happy to report that the 6 month timetable has shrunk to four and we will have Big Blue paid off by the end of this month!

So technically, the list looks like this:

1. Establish an emergency fund of $1000 CHECK
2. Pay off Loan #1 - car. GOAL: Paid off by September 2013. CHECK
3. Pay off Loan #2 - credit card. GOAL: Paid off by Christmas 2013 CHECK
4. Pay off Loan #3 - other car. GOAL: Paid off by end of school year, 2014 by end of summer, 2014 by February 2015 CHECK
5. Pay off renovation - GOAL: Paid off by end of summer, 2015 CHECK
6. Pay off Big Blue - GOAL: February 2016
7. Pay off LAST LOAN - Undergrad. GOAL: Paid off by August 2016 May 2016 October 2016

So even though I thought buying Big Blue was really going to set us back, if I look at our original goal of being debt-free by August 2016, we are only talking about a two-month delay. Not bad at all.