End of 2007 State of the Debt
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This is what you get when you don’t pay really close attention:
| Nov 30′07 | Dec 31′07 | Change | |
| EVERYTHING We Owe | |||
| Credit Card Debts | |||
| Chase | $20,520.04 | $20,193.07 | ($326.97) |
| Other Debts | |||
| Home Mortgage | 38,900.53 | 38,853.06 | (47.47) |
| Low Energy Loan | 15,407.01 | 15,286.46 | (120.55) |
| Line of Credit | 26,114.93 | 25,672.64 | (442.29) |
| TOTAL Liabilities | $100,942.51 | $100,005.23 | ($937.28) |
Missed a sub-six-digit bottom line by just five bucks and change! If I’d have known how close we were to that mark, I would have came up with another $10 to send somewhere.
So with December’s total finally known, as I suspected, our goal of $20,000 worth of debt reduction for the year is officially missed. Nevertheless, the grand total of $15,920.92 worth of debt destruction is nothing to sneeze at… 
An upcoming expense or two is likely to slow us down a little in the early months of 2008, but we’ll continue plugging away. If we can catch a few lucky breaks this year, we could see half of this total (or more) gone. Dare to dream… 
LLC Operating Agreement said,
Wrote on January 7, 2008 @ 2:58 pm
You are so right that over 15k debt reduction is nothing to sneeze at. Most of my friends seemed to have added that this year. They do not understand how I can have less than 6k total. I spend less.
It probably would have been a great year starter for you though if you could have sneaked under the 6 figure mark. But it will make the reduction at the end of the year next year seem bigger.
Quick Loan Man said,
Wrote on January 8, 2008 @ 10:54 am
I wish my finances were in as much control as yours are!
SEO Web Design said,
Wrote on January 16, 2008 @ 9:51 am
Dude you have been keeping strict records of your expenses. How can i ever do that. Sheer effort need to be put in to manage my finance properly.
Morty said,
Wrote on February 17, 2008 @ 2:34 pm
Have you been able to refinance any of your loans? I think if you kill off that credit card debt youll be able to refinance down.