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Credit Card Debt Wiped Out!

May 1st, 2007 at 10:35 am


It is official: our credit card debt is gone as of today!!!

I paid the remaining $208.85 on the Discover Card this morning. We are credit card debt free!!!!

There is light at the end of the tunnel...

33 Responses to “Credit Card Debt Wiped Out!”

  1. Carolina Bound Says:

    Wow! Congrats!

  2. mbkonef Says:

    Congratulations! You must feel great about this!

  3. robex Says:

    Way to go! What's your next goal?

  4. Nic Says:

    Congrats!!!

  5. Aleta Says:

    I just had to yell out a big HORRAY when I saw your post. I am so happy for you and I know that you must feel like you've really accomplished something big. Getting rid of credit card debt is a big big thing. Congratulations!

  6. rduell Says:

    Thank you all! It is a great feeling to no longer have CC debt hanging over our heads. Now to just keep it that way.

    The next goal is to build the EF back up to at least $1,000. My accident pretty well wiped that out with our $500 deductible. I'm snowballing the CC payments into the car payment so that's the next debt marked for elimination.

  7. Aleta Says:

    Is the car payment your next highest interest rate and will you be able to take all of your other payments and add to that one as well? That's what we did. By the way, there's a new 2007 edition of Dave Ramsey's Total Makeover book. I'm next in line for itat the library. I was told there were 200 people behind me waiting for the book. I'm sure he will update it to where we are today. Check it out when it comes in. I should be getting it any day.

  8. rduell Says:

    Actually, the smaller mortgage is the next highest interest rate, but since the car depreciates so quickly and the mortgage interest is tax-deductible, I decided to pay the car off first.

    We will be adding the amount we've been paying on the CC to the car payment.

    I didn't realize that Dave had a newer edition of TMM out! I'll have to check that out. Dave was my introduction to the snowball concept and my inspiration to get out of debt sooner rather than later. Thanks for the tip!

  9. monkeymama Says:

    Congrats!!

  10. ldyfaile Says:

    Yipee!!!

  11. nance Says:

    Congratulations! Isn't it great to cut Discover Card out of your life? Way to go.

  12. HouseHopeful Says:

    Great job! Good luck on your next goal Smile

  13. JanH Says:

    Wow, that's awesome! Congrats!

  14. Ima saver Says:

    That is great news!! I have been credit card debt free for a little over 2 years. It feels great!

  15. daybyday Says:

    Congratulations!

  16. Bookie Says:

    Now that's an accomplishment. Congratulations.

    Smile

  17. tklahn Says:

    Congratulations! I bet it feels so good . . . nice work.

  18. Amber Says:

    Awesome...I am sooooooooo happy for you Smile

  19. tinapbeana Says:

    way to go!!! here's to hoping i can join the special club soon! Big Grin

  20. Broken Arrow Says:

    Congrats! Smile

  21. rduell Says:

    Thank you, everyone! It is a great feeling to know that one more goal has been accomplished and such a large one at that!

  22. DonnaF Says:

    With five teenagers you *still* wiped out your debt??? I bow to you! Seriously: congratulations on this achievement. What a relief to you -- and what an inspiration to others who are striving for the same goal.

  23. PauletteGoddard Says:

    It's a beautiful thing.

  24. Joan.of.the.Arch Says:

    I imagine paying off debt like this and knowing that now you have "spare" money every month makes a person feel very good. Maybe even a little, mmm, powerful. That's what "in control" is, right? Congratulations! Smile

  25. choconut Says:

    Wow, congrats! I wish I could say the same... I am far away from that, but it is now my #1 goal to get out of debt. I am also going to sincerely track my debt! Wish me luck.

  26. ladymiller Says:

    Wonderful!!!!

  27. PRICEPLUS Says:

    Late posting here on this one but WOW that is great news. It certainly feels great doesn't it? Way to go! Build up those savings now!WinkSmile

  28. Lux Living Frugalis Says:

    Woooo-hoooooooooooooooo!!!

  29. freeme journey Says:

    Oh wow - well done - you are well on your way to Total Debt Freedom. It amazes me how many people are making the long challenging journey and how many people Dave has influenced.
    Keep going strong
    Bronwyn

  30. Aleta Says:

    I'm anxiously awaiting the new 2007 edition. I've been told that he offers alot of tips even about retirement and savings and how to make it grow faster. I think his program is so popular because you see progress faster because you are paying off smaller debts first which are normally around $200. and less and easier to tackle. It gives you already a sense of accomplishment.

  31. Merry Maid Says:

    How wonderful!! What an inspiration you are for those of us who aren't there yet!

  32. kznmrk Says:

    Congrats!! You are an inspiration to all of us :]]

  33. HelpMeFriend Says:

    I can't wait till I can say that!

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