Debt Update January 2012

It’s been awhile since I did a debt update, so lets take a look at where I’m at vs when I started debtkid.com back in 2007.

2011 was definitely not my best year for earning, especially compared to 2010 and even 2009. I let my work slack off with moving to Portland 2010 and getting married and other major life stuff.

So I was not able to save as much this year as I would have liked. I also started investing back into my current business more and so the last few months I’ve been going negative on my savings! Yikes. Hopefully only a few more months of that and I can start saving again.

Total Debt Jan 2012

debt chart

(change from 2010 in parenthesis)

Student Loans: $7512.01 (-$841.99)
Mom Debt: $67,000 (-$20,000)
Total: $74,512.01 (-20,841.99)

What’s in store for 2012

I’m hoping that 2012 will be a breakout year for my business to really start earning well again.

Other than that life has been pretty darn good. It’s still weird for me sometimes going into a grocery store and not having to think so much about what it will cost to buy food.

I will never forget that feeling of dread I used to get when shopping. I think it’s a healthy amount now.

Hope your 2011 was fantastic!

Share Button
  • http://atkinsps.com Jonathan Atkins

    Great job! Nice to see you are not anonymous anymore.

  • http://www.debtkid.com Scott Mitchell

    Thanks! Yeah, I’ve gotten over being afraid of people finding out about my story. I tell it quite a bit nowadays in real life. Thanks for the comment!

  • http://www.countingourpennies.blogspot.com Renee

    Slowly but surely and you’ll win the race ;) Keep up the good work.

  • Sarah

    I’m confused. Its already March 1st and all I can see is this post as being the most recent. Am I missing something???

  • http://www.flipyourdebt.com Philip

    It’s nice to see someone practicing what they are preaching… good job bro! And good luck the rest of the way!

  • http://www.nickelsteamroller.com Michael

    How is your Lending Club investment doing? Could you do a post.on this perhaps?

  • http://knowingyourdebt.com/ KYD

    All the Best Scott :) by god’s grace you will make it this year…

    Cheers!!

  • http://www.debtkid.com Scott Mitchell

    6.5% still at the 2 year mark now since putting in the 100K

  • http://easyfinance.com Marie

    Bravo!! your resolution and progress is undoubtedly praiseworthy. All the very best to you for current year’s progression…..I am sure you would give your best and will be a winner….

  • http://www.miiockm.com Miiockm

    As least there’s a downward trend there.

  • mathew

    great post , I love to follow up with this post.