Paid off my credit card debt!

Have you paid off your debt? Managed to save for your dream home? Had an awesome investment pan out? Share your personal finance success stories here.

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Paid off my credit card debt!

Postby brooke » Tue May 20, 2008 7:57 am

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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Postby fontraid » Tue May 20, 2008 10:21 am

Great job, brooke! Keep it up!

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Postby Kate » Fri May 23, 2008 4:57 pm

Good job. It's so satisfying isn't it?

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Postby pennyfarmer » Sat May 24, 2008 8:47 am

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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Postby hmd2007 » Sun May 25, 2008 8:01 pm

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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Postby Daedala » Tue May 27, 2008 7:24 am


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Postby OneHellOfAMess » Wed Jul 16, 2008 12:32 pm

I can't wait to join the financial ranks with you! Got my system, gonna keep pinging away at it!

Great job! 8)

--><a href="">Money Funk</a>
Visit <a href="">Money Funk Blog</a>! (not a solicitation, but a real case tracking my fight to eliminate the bad debt)

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Postby DebtFreeDave » Mon Aug 11, 2008 11:04 am

Good work, that must feel great.

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