I have a very long, perhaps too detailed version of my financial story in progress, but here's an abbreviated version. I once had as many as two active car loans (I acted as bank for my friends/family and sold them my old cars...) and as much as $15k in credit card debt. I paid off my credit cards last year and a month ago, I paid off my car. (I do have some student loan debt that is very low interest and a small payment each month that I debate internally over paying off...) On Saturday, I got the title to the car in the mail! It was very rewarding to hold that title in my hands. It's also great to have the flexibility that comes with having no car payment.
I set up some new savings goals. I started saving for travel and I'm putting some money away so that someday, I can buy my next car with cash (no rush, but I want to have money so I don't get stuck with another loan). I also started building up funds so I can I do some investing when the urge strikes me. (I'm trying to build up enough so that each time I have to pay the $4 on sharebuilder, I don't feel like I'll start off too far negative!)
I am still struggling sometimes with discipline. I use an allowance account to attempt to limit my "blow money" spending, but I still cheat on it from time to time. And even some household purchases feel wasteful. I currently have two items at Staples and Sears that I ordered as "ship to store" and they are just sitting there as I procrastinate for weeks about picking them up. Did I really need to buy them?!
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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