Good News – Car Loan Should be Paid by EOM

Nov 12, 2009 @ 01:47 pm by EMS

After a quick check of our current month’s finances, it looks like we’ll have our car loan paid off by the time Thanksgiving rolls around!  At that point, we’ll be totally debt-free other than the mortgage & some rolling credit card debt.

It wasn’t easy, but the decreases in spending that we aggressively went after in September are now really paying off.

The next step is to double our emergency fund to $20,000, followed by increasing our monthly contributions to retirement and college savings.

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