Becoming Debt Free in 2009

March 23, 2009

The Big Announcement

Filed under: Budget,Kids,School Expenses — ambercouric @ 8:41 am

If you have been reading for a while you know that we have been trying to cut our monthly expenses.  Someone asked what we would do with the money and I was just a little vague in saying maybe pay off the house early.

Well things have really changed.  Remember this post when Kennedy out of the blue decided he wanted to go to boarding school?    He was absolutely determined to make it work.    He has received scholarship offers from two schools.  FULL SCHOLARSHIPS.  That amounts to about $160,000 over the next four years.   I am both pleased and  terrified at the same time.  I can’t imagine him being gone for weeks on end.  Of course, he has planned to use Skype each day so I can see him.  I don’t even know what Skype is but I guess I will learn.

This will also change things for us financially.   The money we were trying to cut would be for plane tickets and other costs associated with boarding school.   Maybe my blog will change to Debtfree with boarding school expenses.

We haven’t sent back our forms yet so there is still time for him to change his mind but I doubt that will happen. 

I know I should be happy but I am a bit sad too.  I know this is the opportunity of  a lifetime.  One that many kids would love to have.



  1. Holy Cow! He must be a very determined guy! Good for him. He set a goal and made it happen. There is no stopping him. I’m sure you are sad at the prospect of him going away to school, but you must also be very proud.

    Comment by Money Minder — March 23, 2009 @ 8:55 am

  2. Holy cow, indeed. Talk about ambivalent emotions. Congrats on raising such an independent, steadfast and proactive son. I’m not sure how frequently you intended to visit your son at the boarding school (and vice versa). I attended a school that had boarders as well. (Usually wealthy foreigners.) The parents did not visit their kids frequently and the kids usually returned during the holidays only. That should give you some guidelines as to what you should budget. 😀

    Comment by shtinkykat — March 23, 2009 @ 9:36 am

  3. Geesh Maneesh! 🙂

    He really was determined to go to boarding school! Full Scholarships??? Very cool! But as a mother, I can also imagine the sadness. The kid is heading ‘off for college’ early. But sounds like an opportunity of a lifetime. Congratulations! You should be proud that you raised such a successful and independent child. Its what we all hope for. 🙂

    Comment by Money Funk — March 23, 2009 @ 10:23 am

  4. Wow that is great! I would have loved that.

    Comment by Stephanie — March 23, 2009 @ 11:38 am

  5. Many congratulations to you all, he is truly a credit to you and your husband and it is indeed a lifetime opportunity to be had.

    Comment by sharon rose — March 23, 2009 @ 12:25 pm

  6. Congrats on raising such a successful and determined son. It must be hard to see him leave the nest so soon, but imagine how much more mature he’ll be for the experience.

    Comment by Miss M — March 23, 2009 @ 3:20 pm

  7. That is just unbelievable, awe-inspiring, amazing!!! Congratulations!!!!!! You’ll get through this, and with him getting such great funds to finance it… that’s just SWEET!!


    Comment by Melissa — March 23, 2009 @ 4:41 pm

  8. Congratulations!! That’s fantastic. 🙂

    Comment by Rina — March 24, 2009 @ 1:05 am

  9. What an accomplishment, congrats! My kid is thirteen and starting high school later this year (yikes) but I’ve been discussing college scholarships with him as well. BTW, Skype is a great service, I just signed up for ours about a couple of months ago and I’ve been enjoying using the video calls to my family (plus it’s a lot cheaper than landline).

    Comment by Res — March 24, 2009 @ 8:48 am

  10. you must be so proud of him! thats a fantastic achievement for him. It is hard for us mums when they first go away from home.

    Comment by Louise — March 24, 2009 @ 3:26 pm

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