Comments on: Monthly Debt Reduction & Savings Statement – November 2009

By: Lending Club | Free Investment Sign Up Bonus | Debt Free Me

Lending Club | Free Investment Sign Up Bonus | Debt Free Me — Tue, 08 Dec 2009 15:59:37 +0000

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By: Monthly Debt Reduction & Savings Statement - November 2009 | Tips For Getting Out of Debt

Mon, 07 Dec 2009 16:43:12 +0000

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By: Four Pillars

Four Pillars — Tue, 01 Dec 2009 14:27:46 +0000

Great update – I like positive stuff.

There is no point in trying to rush debt repayment – I’ve seen people who put “too much” of their money towards debt and they end up backsliding because “life happens” and they end up needing some of that money. You have to have a bit of play in the budget.

FYI – I have a hard time reading the black print on the (somewhat) dark green background. I’d like a lighter background.

By: Tina

Tina — Fri, 27 Nov 2009 23:23:16 +0000

Super progress! Feels so good to be moving towards debt freedom and realizing progress. As a single mom of 3, I am especially glad whenever I see my debt go down (especially credit card debt). We are entering into 2009 without credit card debt and paying off the car loan in 2010. I can’t wait! Thanks for being so transparent.

By: Rick Cadden

Rick Cadden — Thu, 26 Nov 2009 16:02:44 +0000

Matt are doing the same. I did a peer to peer loan at 5% for 24 months and paid off everything but the house. We have made two payments so far and reduced our interest rate from credit cards from as high as 19% to the 5%. We have our small emergency fund (1000.00) in place. With the savings from the high interest credit cards at the same time of paying off debt we are putting 400.00 each month toward our fully funded emergency of 3 months expenses. It is very slow right now just making payments but knowing in 22 months or less we will be debt free but the house. We have no other debt and will then start paying extra house payments and funding retirement and investing. We also pay cash for everyting and cancelled all the credit cards. Thanks for your blog and great information.

By: Lydia aka Ms. MoneyChat

Lydia aka Ms. MoneyChat — Tue, 24 Nov 2009 13:20:45 +0000

kudos! you two are making AMAZING progress. i’m very excited to see and follow your continued progress.

By: Ken

Ken — Tue, 24 Nov 2009 10:59:03 +0000

You are making progress. Stay after it. Slow and steady wins the race.

By: Financial Samurai

Financial Samurai — Tue, 24 Nov 2009 06:48:30 +0000

Howdy Matt! I’m a fellow Media Temple user, and just transferred my site to my own dedicated virtual server as well. It’s so much faster when I check. Do you notice any speed difference from your end visiting my site and your own site?

What’s the benefits of DV vs. grid service btw?

Dead eradication takes time. Just knowing you’re on the right path should feel great.

Good work on your progress!

By: Money Funk

Money Funk — Tue, 24 Nov 2009 06:07:38 +0000

Congratulations for being featured on The Barry Moltz Radio Show.

You and your wife are making amazing progress. I cannot believe how fast your gazelle intensity has picked up and taken you. I think I really need to evaluate my snowball schedule and fine tune our schedule. Thank you for the inspiration!

FYI – your MDRSS tag series links at the bottom bring up an 404 error.

By: Matt Jabs

Matt Jabs — Tue, 24 Nov 2009 05:48:34 +0000

I agree Jim. Being prepared is always a good thing!

By: Jim

Jim — Mon, 23 Nov 2009 22:41:23 +0000

Hi. I love reading these. Great Stuff. Also, I think the $400 for dedicated is money well spent. I have NO regrets with my webhost and going to a dedicated server. In a way, getting the dedicated now, and then planning for growth sure beats the other way where you’re SOL cause your post made it big time somewhere and your shared hosting can’t cut the mustard.

By: Matt Jabs

Matt Jabs — Mon, 23 Nov 2009 22:13:35 +0000

I call it Oblivious Debt Reduction (don’t worry, I haven’t bought the domain name yet!)

Thanks Mike, it truly is nice to watch it dwindle away. I know that every month that passes gives me more money in my pocket… which we both know is a tremendous investment in and of itself!

By: Matt Jabs

Matt Jabs — Mon, 23 Nov 2009 22:12:21 +0000

Ha ha… thanks Clare. The $400 was for an entire year of hosting on a dv plan with MediaTemple.net. It is a dedicated virtual hosting plan that I pay in advance in order to get a discount. I’ll be moving DebtFreeAdventure.com there soon.

Yeah, paying a lot toward interest is a bear… and is something I hope to put an end to ASAP! Godspeed with your student loans.

By: Matt Jabs

Matt Jabs — Mon, 23 Nov 2009 22:09:53 +0000

Awesome Jeff… keep it up. If nothing else we can encourage each other!

By: Mike Piper

Mike Piper — Mon, 23 Nov 2009 21:37:08 +0000

It’s fun to watch your numbers. Paying off debt is neat that way–the numbers get better every month!

If only investing worked like that.

Congrats on your continued success.

By: MoneyEnergy

MoneyEnergy — Mon, 23 Nov 2009 21:10:54 +0000

Congrats, you can do it! I like your side hustle fund philosophy, mine is the same way. $400 for web hosting?!? You must have several sites then? I can’t imagine paying just interest on a mortgage for years until hitting the principal. Another reason I want to start paying off student loans even earlier than I need to.

By: Jeff @ Sustainablelife blog

Jeff @ Sustainablelife blog — Mon, 23 Nov 2009 21:09:40 +0000

I know the feeling about getting antsy. It’s difficult to watch yourself chip away when we have been around a society where things are supposed to happen immediately, and it seems like everyone around you is doing things right away.
I just have to keep reminding myself that rome wasnt built in a day, and the journey will take time, but will be more than worth it in the end. Good luck. I’m hoping to get a similar “progress report” out soon too, but I’ll wait for the month to be over.