The American Dollar
One industrious American family's focus on a financial goal of freedom. Through worldly personal finance education, here is our story.
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Our Story: Both my wife and I are 27 years old and have gone through financial hell and back. Now we are on track to financial freedom, however we are not financial advisors or professionals, just everyday people. Share our journey from a negative networth and email us if you have questions or comments! :)


Thursday, September 14, 2006

Final Payment SENT for Student Loan!

I've been working so hard, I havent been able to put up any postings. I love to blog so I wanted to note this fantastic moment of when we are debt free except for our mortgage! :) It took some time but here is what we've paid off since Jan. 2003:

Car #1 $13,180.68
Car #2 $13,543.49
Capital One CC $2834.00
MBNA CC 1 $1061.72
MBNA CC 2 $6110.01
Student Loan 1 $6685.58
Student Loan 2 $18,340.18!!!!!

I want to thank my beautiful wife who encourages me daily to be the best I can be! Time to save up for the baby and pay down the house! :)


Blogger freedumb said...


And I've changed my link to your blog btw...I noticed you have your own domain.

4:55 PM  
Anonymous Medicated Money said...

Congrats on the success! We are definitely envious of you guys!

We are still in the middle of paying down all of this debt, and can't wait to type a similar post on our site!

I calculated about $62k in 3 years; that is unbelievable. Congrats again!


5:07 PM  
Blogger Amdollar said...

Thanks so much... it took ALOT ALOT ALOT of discipline.

12:12 AM  
Blogger Woman In Red said...

Wow! Congratulations!! I wish that we could say the same. But at least we have taken the first step in acknowledging that we are living beyond our means. Hopefully within the next five years, we'll be able to say we are debt-free too.

4:00 PM  
Blogger Amdollar said...

Woman in red... I'm excited that you have taken the first step! Stay focused and enjoy the process!

11:29 PM  

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