Credit Card Debt Wiped Out!

May 1st, 2007 at 03:35 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...

Posted in Goals, Credit Cards | 33 Comments »

33 Responses to “Credit Card Debt Wiped Out!”

Carolina Bound Says:
May 1st, 2007 at 04:41 am

Wow! Congrats!
mbkonef Says:
May 1st, 2007 at 05:33 am

Congratulations! You must feel great about this!
robex Says:
May 1st, 2007 at 05:39 am

Way to go! What's your next goal?
Nic Says:
May 1st, 2007 at 05:42 am

Congrats!!!
Aleta Says:
May 1st, 2007 at 05:48 am

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!
rduell Says:
May 1st, 2007 at 05:58 am

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.
Aleta Says:
May 1st, 2007 at 06:02 am

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.
rduell Says:
May 1st, 2007 at 06:13 am

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!
monkeymama Says:
May 1st, 2007 at 06:38 am

Congrats!!
ldyfaile Says:
May 1st, 2007 at 06:59 am

Yipee!!!
nance Says:
May 1st, 2007 at 07:06 am

Congratulations! Isn't it great to cut Discover Card out of your life? Way to go.
HouseHopeful Says:
May 1st, 2007 at 07:51 am

Great job! Good luck on your next goal
JanH Says:
May 1st, 2007 at 08:06 am

Wow, that's awesome! Congrats!
Ima saver Says:
May 1st, 2007 at 08:44 am

That is great news!! I have been credit card debt free for a little over 2 years. It feels great!
daybyday Says:
May 1st, 2007 at 09:04 am

Congratulations!
Bookie Says:
May 1st, 2007 at 09:47 am

Now that's an accomplishment. Congratulations.
tklahn Says:
May 1st, 2007 at 07:44 pm

Congratulations! I bet it feels so good . . . nice work.
Amber Says:
May 2nd, 2007 at 06:48 pm

Awesome...I am sooooooooo happy for you
tinapbeana Says:
May 3rd, 2007 at 05:10 am

way to go!!! here's to hoping i can join the special club soon!
Broken Arrow Says:
May 3rd, 2007 at 07:21 am

Congrats!
rduell Says:
May 3rd, 2007 at 07:24 am

Thank you, everyone! It is a great feeling to know that one more goal has been accomplished and such a large one at that!
DonnaF Says:
May 3rd, 2007 at 04:08 pm

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.
PauletteGoddard Says:
May 3rd, 2007 at 04:45 pm

It's a beautiful thing.
Joan.of.the.Arch Says:
May 5th, 2007 at 04:51 pm

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!
choconut Says:
May 9th, 2007 at 12:14 pm

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.
ladymiller Says:
May 10th, 2007 at 10:56 am

Wonderful!!!!
PRICEPLUS Says:
May 11th, 2007 at 07:54 pm

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!
Lux Living Frugalis Says:
May 15th, 2007 at 05:27 am

Woooo-hoooooooooooooooo!!!
freeme journey Says:
May 16th, 2007 at 07:46 am

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
Aleta Says:
May 16th, 2007 at 09:54 am

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.
Merry Maid Says:
May 25th, 2007 at 12:57 pm

How wonderful!! What an inspiration you are for those of us who aren't there yet!
kznmrk Says:
May 28th, 2007 at 11:52 pm

Congrats!! You are an inspiration to all of us :]]
HelpMeFriend Says:
February 1st, 2008 at 07:55 am

I can't wait till I can say that!

Paying Off the Debt

My journey out of debt and in to a life of freedom.

Credit Card Debt Wiped Out!

33 Responses to “Credit Card Debt Wiped Out!”

Leave a Reply