Sunday, January 22, 2012
Debt Thermometer
I got this great idea from "The Total Money Makeover" Forum on Dave Ramsey's website. It's a debt thermometer. This thermometer is 8 ft tall. Every inch represents $1,000 paid off. We decided to put rewards along the way to get the kids involved and encourage us as well. We just stated this year, the red you see is what we paid off in January. I made sure to write that we had already paid off $68,000 though.
For every $10,000, we get to go out to eat (or something similar) and for every $25,000, we grt to do a mini vacation. The first $10,000 is Olive Garden. Our oldest son has already written the reward on the chart. The second $10,000 will be a trip to the Stone Pizza. The first $25,000 will be a dinner train ride that we have been wanting to take the kids on for a while now. The last day the train runs is September 24th. We should just be able to make it by then.
The kids are really excited about our thermometer and so are we. We will make this leg of the journey a fun one.
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ReplyDeleteI've been following your blog for a while ago on a random Milwaukee Mom's post. I'd love to see an update. You are an inspiration to us all!