Well now I am pleased to report that as of today, every last cent of that debt that I started with then is now completely paid off. I am Debt Free!
Well not quite, I still have a debt on the house, that I am selling, to pay for the siding that I had installed on the house. That remaining debt will be paid off, as soon as the house sells. Which, good news is, I have received an offer on. So even that debt ($11,706.33) will be paid off come October 14th, when it closes. The bad thing is that, according to the estimates, I will only get about $50 from the sell of the house, once all closing costs and the siding is paid for. However, I will be completely debt free (everything including the grant money that repaired my house, when I first bought it, will be paid off).
Below is the payments that I just paid off, this week:
So how did I make this remarkable accomplishment? I cashed in my retirement account from my previous employer, rather then rolling it over. I know, I know, that isn't the best move, then again, when I owed the IRS, I had to do something. So I made that move. Then I called the IRS to find out what my current balance was. That is when I found out, because I am currently unemployed I could get at least part of the interest and penalties abated. Which really helped in lowering that debt even more then it was already. I had already paid back more then the original debt and now they really were going to help me eliminate part of the remaining balance. That was terrific news. However, I have money set aside to pay for any additional tax consequences because of this move. I do not want to be surprised again, come tax time. Thank you Jesus, I can now say officially that
I am debt free!
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