Today is a great day! We made our last payment on our van. She's all ours.
She only has 42,000 miles (that's it in 5 years!) and David's has about the same mileage, again in 5 years. There's something to be said about a small town when your work is 7 miles from your house and since stores are not around the corner, I only make 1 trip into town a week. In any case, we paid cash for David's car 5 years ago, so we never had payments on his. We plan to keep these cars for at least another 5 years. I actually told Emiily she might get Daddy's red Honda Civic when she is 16, and she said she rather have my mini van! She'll obviously change her mind by then.
The best news is that we are 100% debt free now. We own our home and our 2 cars. Not a single payment to any bank every month. And I'm thrilled to not see $329.07 come out of my checking again. Not a penny of credit card debt either. We use our credit cards for convenience and the rewards, but pay them off in full every month. I think this is a huge accomplishment. I'm proud of David and I as it's really easy to live beyond our means and rack up debt. But, we both live modestly and only buy things when needed. Then, we can afford great vacations with our family.
It feels great!