Achieving Another Degree of Financial Freedom (again)

Back in late 2010 we paid off all our consumer debt. We bought our last new car along the way but we basically stayed debt free through 2012. Then we moved to Austin, Texas in early 2013. That move cost us some money and put us back into debt. I'm happy to say that we've done it again and paid off all our consumer debt for the second (and hopefully last!) time. The last two new cars we've purchased both were paid off early; each with two years to spare.

There are two reasons the move put us back into debt. The first was exhausting our emergency fund in 2011 when I was laid off for a number of months. I wasn't able to build it back up before we moved. The second reason is that we short sold our house in Virginia, and that came at a cost - a substantial out-of-pocket cost. That forced us to rely on credit cards to finance the move.

The only debt we have left is a sizable student loan. We haven't even begun to figure out how to pay that off. For right now we are making the monthly payments. We have more pressing shorter term financial goals to achieve before we can make a dent in the student loan. Those shorter term goals are rebuilding the emergency fund, saving for a house down payment, and for a family Disney and Legoland trip.

We're celebrating our debt free(dom) by taking a family vacation. We booked a beach weekend in August.

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