We had the opportunity to receive about a third of that amount in a lump sum after taxes. I DID pay off everything I could without using all of it. Now, two months after the fact, it's really nice getting the statements with -0- due and no balance. The secret now is to not get into the same situation again. Our net income is now actually more than before without the debt hanging over our heads. How did we get that way to start with? A third poor planning, a third poor money management, and a third due to circumstances beyond control. Could have done something about the first two, but things just happen.
What now??? We still have a little debt, but will have that taken care of in a year, using some of the "new found" extra money not being used for interest payments on balances. It should be noted that many of the things we bought on time are now gone, but the debt was still there.
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Today's Featured Article - The Niagra View Mobile - Powered by a 1959 Ford Tractor - by Mark Massey. In 1959 the Niagara Frontier Transit Inc. of Buffalo, New York designed and built six Viewmobiles for the Niagara Frontier Sightseeing Inc. for use as a sightseeing ride at the Niagara Falls State Park, Niagara Falls, New York, powered by a 1959 Ford 611 Tractor.
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