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 Post subject: Paid off my credit card debt!
PostPosted: Tue May 20, 2008 7:57 am 

Joined: Tue May 20, 2008 7:34 am
Posts: 1
Today I paid off my last credit card debt! The total I've paid off over the life of my cards wasn't astronomical (it was probably around $4000), but I'm really proud of paying them off.

Here's what else I've done with the help of this site:
Emergency fund: currently at $650, and contributing $75 every 2 weeks.
Budget: envelope system, seems to be working out ok

Saving mindset: wow, it feels great to save, doesn't it?? Now I'm thinking of everything in terms of saving up, instead of buying on impulse. My parents always buy everything (cars, furniture, etc.) on credit and I just thought that was the way people did it. I want some bedroom furniture (right now it's just a mattress and two mismatched "nightstands," one of which is an old filing cabinet. So I'm going to start saving for the furniture after my emergency fund fills up.

What else is next:
Car loan, $14,828.75 :shock: Accelerated payments, here I come.

Thanks for the inspiration, JD!

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PostPosted: Tue May 20, 2008 10:21 am 

Joined: Wed May 02, 2007 3:58 pm
Posts: 103
Great job, brooke! Keep it up!

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PostPosted: Fri May 23, 2008 4:57 pm 

Joined: Sat Apr 28, 2007 9:37 pm
Posts: 99
Location: Ottawa
Good job. It's so satisfying isn't it?

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PostPosted: Sat May 24, 2008 8:47 am 

Joined: Fri May 16, 2008 11:18 pm
Posts: 3
That is awesome. Me and my family are trying to become debt free.

I am currently in a real battle with myself over a purchase I would love to just go make. But I would have to put it on credit.


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PostPosted: Sun May 25, 2008 8:01 pm 

Joined: Sun Oct 14, 2007 8:13 am
Posts: 77
Location: Maine
Awesome job! Keep it up, you'll be pleasantly suprised to find how one's priorities change when they're out of debt. Saving and seeing their money stockpile becomes much more fun than buying the latest toy on credit! Good job OP, can't wait to be there with you!

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PostPosted: Tue May 27, 2008 7:24 am 

Joined: Sun Jun 10, 2007 3:19 pm
Posts: 619

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 Post subject: Yeah!
PostPosted: Wed Jul 16, 2008 12:32 pm 

Joined: Mon Jul 07, 2008 1:07 pm
Posts: 10
Location: Inland Empire
I can't wait to join the financial ranks with you! Got my system, gonna keep pinging away at it!

Great job! 8)

-->Money Funk

Visit Money Funk Blog! (not a solicitation, but a real case tracking my fight to eliminate the bad debt)

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PostPosted: Mon Aug 11, 2008 11:04 am 

Joined: Sat Aug 09, 2008 8:59 pm
Posts: 29
Location: Phoenix
Good work, that must feel great.



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