This Year Will Change Our Lives…

Have you ever asked the question, “What could I do if I didn’t have debt payments to make each month?” I think I ask that question once a week. Of course, it’s easy to dream about the answers to that question. If we didn’t have debt payments, we would…

* vacation almost anywhere we wanted to go

* save money to purchase new vehicles

* set aside enough money to help our daughter get a college education without student loans

* adequately save for retirement

* help more people, and give more of it away

At the end of this year, those dreams will have a greater possibility of becoming reality. We made a goal that we will be debt-free by the end of this year. This is it. This is the year that will change our lives forever. To be honest, I don’t know how we will accomplish this goal. We have some plans already in place. We have learned how to live on Kevin’s income, and any income I make will go straight toward our debt. We have also planned how we will use “one touch” money – money such as tax refunds, gifts and bonuses. That type of money will be used in special ways, but will also largely go toward debt repayment.

Being debt-free by the end of 2013 is an audacious goal for us. But I’m so excited about the possibilities that exist because of it! I can’t wait to see what we get to do with our finances next.

Do you have any audacious financial goals for 2013?