Our Tax Return Is Here!

Our federal tax return was direct deposited into our account today and we already spent it, YAY! We got back $7,553 and used that money to pay off the following debts:

Family Loan #1 - $650
Store Credit Card #1 - $1,915.44
Family Loan #2 - $2,000
Store Credit Card #2 - $2717.56

We also paid our CPA for his services, which was $270 for both federal and state returns.

In addition to paying these debts off we used some money we made selling things on Ebay and Craigslist recently to pay off a medical bill and a Visa credit card. Since starting Dave Ramsey's baby steps in August '08 we have paid off almost $12,000 in debt which comes out to 15% of our total debt. The medical bill we paid off was the last one we owed; this is the first time since our daughter was born more than four years ago that we have not owed medical debt. It is such a strange, and wonderful, feeling! We paid off two of our three family loans, and three of our four credit cards. I love doing this!

*I have updated my progress chart on my sidebar to reflect what we have paid off.