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MarathonKnitter
HAPPY
Member since 2/07 17374 total posts
Name:
EMBRACING CHANGE
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i almost feel bad posting this... money related
with the economy aftecting so many badly and it being the hot topic, i was a little warry about posting this.
although dh really made me angry yesterday with the way he went about doing this... i am happy to announce that...
as of today, we are debt free!
fil saw how hard dh is working two jobs to get ahead, he decided to lend us the money to pay every debt off. now we are to pay him back WITH NO INTEREST.
now, we'll be able to seriously save, fix-up the house, and have less stress.
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Posted 6/19/08 4:40 PM  |
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MarathonKnitter
HAPPY
Member since 2/07 17374 total posts
Name:
EMBRACING CHANGE
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Re: i almost feel bad posting this... money related
ps. now, i'll be taking control of our finances. i told dh that we did it his way for almost two years and we never got ahead, now it's my turn to take the reigns.
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| Posted 6/19/08 4:41 PM |
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bicosi
life is a carousel
Member since 7/07 14956 total posts
Name:
M
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Re: i almost feel bad posting this... money related
No offense, but I personally, wouldn't consider that debt free being that you still have to pay your FIL back? Just MO.
Although, it's great that he did that though. That's really sweet of him! 
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| Posted 6/19/08 4:42 PM |
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Tabitha
Member since 2/07 2029 total posts
Name:
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Re: i almost feel bad posting this... money related
congrats!
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| Posted 6/19/08 4:44 PM |
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MissJones
I need a nap!
Member since 5/05 22138 total posts
Name:
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Re: i almost feel bad posting this... money related
Posted by bicosi
No offense, but I personally, wouldn't consider that debt free being that you still have to pay your FIL back? Just MO.
Although, it's great that he did that though. That's really sweet of him!
But I'm sure it's more of a relief to owe dad than the banks who would come and take everything away in a heartbeat. While it's not technically debt free, it's probably a huge weight off of her shoulders.
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| Posted 6/19/08 4:45 PM |
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donegal419
St. Gerard, pray for us.
Member since 7/07 7650 total posts
Name:
K
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Re: i almost feel bad posting this... money related
Sorry posted twice...
Message edited 6/19/2008 4:47:40 PM.
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| Posted 6/19/08 4:46 PM |
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donegal419
St. Gerard, pray for us.
Member since 7/07 7650 total posts
Name:
K
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Re: i almost feel bad posting this... money related
Posted by bicosi
No offense, but I personally, wouldn't consider that debt free being that you still have to pay your FIL back? Just MO.
Although, it's great that he did that though. That's really sweet of him!
yeah, not debt free... but at least you've cleared your credit and you're not pissing away money in interest to credit cards, etc. that was so nice of your FIL! did he give you a time frame?
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| Posted 6/19/08 4:47 PM |
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Gumpslilqtpie
Living the DREAM!!!
Member since 7/06 2646 total posts
Name:
Kimmer
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Re: i almost feel bad posting this... money related
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| Posted 6/19/08 5:05 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: i almost feel bad posting this... money related
I would rather owe the banks. Glad that you are interest free though. Congrats!
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| Posted 6/19/08 5:07 PM |
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nov04libride
big brother <3
Member since 5/05 14672 total posts
Name:
Me
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Re: i almost feel bad posting this... money related
Posted by Blu-ize
I would rather owe the banks. Glad that you are interest free though. Congrats!
Is this the FIL that you were complaining about being too involved with your finances?
Hope it's worth it...Congrats!
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| Posted 6/19/08 5:47 PM |
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Beth
The Key to your new home....
Member since 2/06 24849 total posts
Name:
Beth
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Re: i almost feel bad posting this... money related
I don't know why you would feel bad posting this
your still in debt- you just transfered who you owe it to
personally- I would rather owe the banks as well- I don't want or need my parents in my business
I hope you pay him back soon and put this behind you
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| Posted 6/19/08 6:30 PM |
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dbleplay17
My 2 boys!
Member since 10/06 4578 total posts
Name:
Chrissy
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Re: i almost feel bad posting this... money related
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| Posted 6/19/08 6:37 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: i almost feel bad posting this... money related
Posted by nov04libride
Posted by Blu-ize
I would rather owe the banks. Glad that you are interest free though. Congrats!
Is this the FIL that you were complaining about being too involved with your finances?
Hope it's worth it...Congrats!
That's what I was thinking. But hey I guess it's at least interest free now.
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| Posted 6/19/08 7:06 PM |
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SPECIALNEEDSMOMMY
A Healing for Gregory
Member since 1/07 1217 total posts
Name:
Barbara
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Re: i almost feel bad posting this... money related
You shouldn't feel bad at all about posting this!!! I think it's WONDERFUL ... MANY CONGRATULATIONS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
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| Posted 6/19/08 7:08 PM |
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4ForMe
:)
Member since 11/05 5666 total posts
Name:
Barbara
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Re: i almost feel bad posting this... money related
It s ucks being in debt no matter where the money is owed. At least it is interest free for you now. I personally wouldn't want my parents or in-laws to know my business, but if it works for you, more power to you.
Good luck!!!!!!!!
Message edited 6/19/2008 7:15:46 PM.
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| Posted 6/19/08 7:14 PM |
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SweetestOfPeas
J'taime Paris!
Member since 3/06 32345 total posts
Name:
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Re: i almost feel bad posting this... money related
why do you feel guilty? being debt free is awesome! we live well below our means and can MORE than handle our small debts - THANK GOD! it's the best feeling!!!!!!!!!!!! 
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| Posted 6/19/08 8:37 PM |
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headoverheels
s'il vous plaît
Member since 6/07 42079 total posts
Name:
LB
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Re: i almost feel bad posting this... money related
i think it's great that you are going to be able to pay the loan back interest free. if my parents offered us the $$ to do that, i would accept their offer in a heartbeat!
and good for you for taking over the finances, too. i wouldn't feel bad for posting this, it's obviously something that you feel very relieved about and that is what's important.
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| Posted 6/19/08 9:10 PM |
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Reese32
LIF Adult
Member since 7/07 3631 total posts
Name:
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Re: i almost feel bad posting this... money related
Don't feel guilty! Yes, you still owe $$ to someone, but they're not going to affect your credit report. Good for you! I'm sure you'll be able to make this debt work for you. And the money you'll be saving on interest payments will be great! Congrats!!
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| Posted 6/19/08 9:14 PM |
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Mommy2Boys
My Boys!!!!
Member since 6/06 14437 total posts
Name:
C
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Re: i almost feel bad posting this... money related
Don't feel guilty! Yes, you still owe $$ to someone, but they're not going to affect your credit report. Good for you! I'm sure you'll be able to make this debt work for you. And the money you'll be saving on interest payments will be great! Congrats!!
ITA!!!
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| Posted 6/19/08 9:36 PM |
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Re: i almost feel bad posting this... money related
Congrats! Paying down debt and then watching your savings grow is such a great feeling!
Message edited 6/20/2008 5:58:25 AM.
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| Posted 6/20/08 5:57 AM |
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NancyD
I love this guy so much<3
Member since 5/08 1294 total posts
Name:
Nancy
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Re: i almost feel bad posting this... money related
I think thats great!!!!!! Now there are no finance charges and all the other cr@p that comes along with it! So you have to pay it back BUT like some of the other posters said, no finance charges!!!
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| Posted 6/20/08 8:24 AM |
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Goobster
:)
Member since 5/07 27557 total posts
Name:
:)
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Re: i almost feel bad posting this... money related
Posted by Beth1210
personally- I would rather owe the banks as well- I don't want or need my parents in my business
That's how I feel as well.
But if it makes the OP feel better, congrats then!
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| Posted 6/20/08 8:51 AM |
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vegalady
Love my family
Member since 6/06 4546 total posts
Name:
SNV
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Re: i almost feel bad posting this... money related
Congrats! and I wish my parents would do that for us.
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| Posted 6/20/08 9:39 AM |
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CaseyGirl
Mommy to 3 Boys :)
Member since 5/05 19978 total posts
Name:
Jen - counting my blessings...
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Re: i almost feel bad posting this... money related
That is awesome, congrats!!!!! There was an AWESOME article in Money magazine (July 08) that I read in my dr's office about becoming debt free.
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| Posted 6/20/08 9:43 AM |
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2BEANS
wow time is going fast.
Member since 9/07 16106 total posts
Name:
Tina
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Re: i almost feel bad posting this... money related
What a great fil you have!! Im sooo hapy for you.. its really great to hear when family helps each other out.
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| Posted 6/20/08 9:52 AM |
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