Today marks an important personal milestone for my wife and me. As of this afternoon, all of our credit cards are carrying a zero balance. The only debts we have now are our mortgage and a bedroom set from RC Willey on which we pay no interest. This means that Shauna doesn't have to work full-time for us to support ourselves and we'll be able to start stashing away our spare funds into savings.
It took over a year and a half of hard work and a very strict budget to make it all happen. We didn't buy a lot of the toys we would have liked to (HDTV, MacBook Pro, new windows, etc.), but we've also been able to pay for a lot of major purchases with cold, hard cash (garage door and opener, fridge, dishwasher, etc.). Once you start living the debt-free lifestyle, you start to realize why every single year, LDS church leaders beat on the "live within your means" drum.