That’s me jumping up and down because
I’M OUT OF DEBT!!!
Wow, go me (well us I suppose , but it was me mainly).
Today we paid off the balance of our home loan and it feels pretty damn good I must say. I whipped that loans arse. Over the years people have said – oh you must be rich or oh you must earn a lot of money but we don’t – I’m a secretary and Daz is an electrician, we run our own small business and we’ve worked damn hard for a lot of years. What I am is not stupid, I’ve put every spare cent we’ve had over the last few years into that loan, I drive a cheap car, we don’t smoke or go out a lot and I don’t spend my days at the shopping centre. Oh yeah and we didn’t go out and get one of those mansion packages that we were never going to be able to pay off.
Plus I’d like to point out that we didn’t receive the first home owners grant or any baby bonus and when we got out first home loan it came with an interest rate of 17% not the 5-6% that it is today.
When we moved into this house it was part of a five to seven year plan. Live here for that time, pay off the loan, save some money then decide where we want to go after that. Most of the places I’d like to go though would probably require taking out another loan – it depends what we can get for this place – but I have to say that now that I’m debt free I’m not really in a hurry to race back into it.
One thing that I will be doing is getting a new bathroom – the one I have is feral and I couldn’t put up with it for another five months let alone another five years and I have enough savings for that anyway. Oh bliss, not to have to climb into a tiny bath every morning and fight a cold damp mouldy shower curtain.
Patting myself on the back right about now.