UPDATE – Combined Debt Payoff – 2nd Family Debt Free

Thursday, we got an email from Gordon & Sarah.

They paid their student loan off and are now debt free.

YAY!!

And it was ahead of schedule!  Way!

Those of you who have not heard, we covered the debt pay off here.

Originally when we prayed and decided to do this together, we estimated it would take us about 15 months for all 3 families to be debt free.

The rate that we’ve actually been able to do this is staggering.

As it is right now, we are set to be done with the debt in 10 months!  10 months friends!!  10 months!

We are all kinda scratching our heads about it.  Here are the factors we think have contributed to the advancement (putting it in numbers, it ends up being and extra $7,200 that we’ve put towards it in the past 5 months)

  1. The Mighty God we serve.
  2. Extra remodel work Jamie has gotten.
  3. Additional money Mark and Gordon have gotten to throw at the debt (from extra work or selling things)

Really, we believe that the Lord is to credit for all of this as He has blessed us and our efforts!  That is an understatement in fact.

We also got word from the 3rd family that their original numbers were a little off.  Instead it’s about $43,000.  No biggie….we’re so happy to be on the last family’s debt.

We so motivated to finish this up.  And it feels great!

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Comments

  1. Just checking in with you re the debt pay-out thing – are you saying that you are ALL contributing to paying off the debt even though your own debt was the smallest and someone else’s debt was way bigger? I can totally understand pooling debt and paying off if similar values but love to know more re mindset. (Aren’t you essentially paying off an extra 30K of someone’s debt when it could have gone somewhere else – charity etc.).

    • Yes, you are right. We looked at our friends who extremely generous and giving hearts and the burden they were under due to student loan debts that they would be dealing with for many many more years to come. Today, we’re all free from debt and able to give more to charities and ministries than if we had not done the combined debt payoff.

      I think in helping people, it doesn’t have to be an even contribution. That was the beauty of it. It wasn’t about being fair or even…it was about having mercy and being generous.

Trackbacks

  1. […] Next we went to Gordon & Sarah’s.  At the time of this post, we are trackin’ to be done before the end of October.  *UPDATE* We wrote about finishing Gordon and Sarah’s debt, here. […]

  2. […] Next we went to Gordon & Sarah’s.  At the time of this post, we are trackin’ to be done before the end of October.  *UPDATE* We wrote about finishing Gordon and Sarah’s debt, here. […]

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