“We’ve been working the Total Money Makeover since late 2009”
I will hit my 5 year anny next month....
” and will be debt free but the house next year.”
You will love the peace that it brings to your life. However, be warned, for me there was a bit of a lull. I found that I was so excited watching the debt decrease that somehow I was not getting that same excitement watching my savings grow. It took a few months and finally the same level of excitement returned.
“The house should be paid off 5-6 years after that.”
I’m on pace to only have 21 more months. It is almost time for me to start planning my mortgage burning party.
;-)
Less than 2 years on the mortgage? How awesome is that?!!
Yup, I’ve read on the TMMO forums how BS3 can be a drag since the excitement of the kill (paying debt) isn’t there. That’s OK, I get pretty excited about seeing savings balances grow (what a problem to have, huh?)
I love the peace that’s come through the program. About a month after we finished FPU and started getting our life in order, I found myself experiencing this very weird sensation. I couldn’t quite put my finger on what it was then I realized I was experiencing PEACE! I’m not trying to be cute or funny. That actually happened. Living the grind of paycheck-to-paycheck and hearing crap like “Yer always gonna have a car payment” tends to dull the senses.
Of course we still had most of our debt at that time but knowing that we were in control, had a plan, real peace, and renewed hope changed our lives. I also noted that Financial Peace University was a perfect name for the program.
As of 31 December, 2011 we’ve paid off 69% of our debt and it feels GREAT. Haven’t had a car payment for well over a year, have healthy sinking funds, and cash flow all “Murphys” that come knocking at the door.
“Better than I deserve”