Our Journey to Debt Free
Its sweet, because we are now $9000 less in debt. Its bitter because it was a really cool travel trailer. I wish we could have paid it off, but the monthly payments were like paying for another house.
Mostly, there was a satisfying sense of relief to see that baby go down the road behind someone else's truck. We've been trying to sell it since last September. It was starting to feel like no one would ever take it off our hands or our bank account.
Why Did We Have This Ridiculously Expensive Thing to Begin With?
The travel trailer was not something I wanted at all. My husband was working across the state driving trucks in the oilfield. He was gone 1-2 weeks at a time.
Although accommodations were provided, he didn't like sharing the "bunkhouse". Long story short, he was making very good money, and insisted it was a necessity. I insisted it was not. We compromised at "only if you agree to sell it if we have an emergency come up."
Breaking your back and being laid off in the same month IS an emergency, and we did put the trailer up for sale. So, no. This wasn't some luxury toy...it was actually his house for many months.
Where do we stand now in our debt-freedom journey?
We Are $700 dollars Richer Per Month
The photo I took of the camper driving away with it's new owner was more than just a souvenir for our book of "stuff we used to have that was awesome".
It signified a pretty big milestone.
We are now $16,650 freer than we were in February. Between paying off the motorcycle, selling the trailer, and tidying up a few small medical bills, we've lowered our monthly expenses by nearly $700.
That doesn't mean we are in the clear just yet.
We still have our mortgage. But it is the last "big payment."
BUT...we gained some financial breathing room. And THAT is proof that something is working!
On a slightly less exciting note...
I got $0.06 back on my Walmart Savings Catcher App today. I am rolling in good fortune today.
How is your journey to debt-freedom going so far?