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Another card bites the dust!

October 1st, 2008 at 05:47 pm

Today was the final day for Card 3 to have a balance. We paid off the $1970.14 I owed on that card and now we only have two debts left! Here's the update:

Debt tracker 10/01/08
Card 1: $42694.47 (8.99%)
Card 2: $28963.19 (8.99%)

So that's it! In the last five months we've been able to pay off just under $39,000 worth of credit card debt. This one card went from $26412.89 to ZERO in that time. The mountain has gotten smaller!

The two that are left are a couple of monsters but they will soon be gone and then we can actually start keeping our money instead of giving it to the credit card companies (novel concept isn't it...!)

Thanks to everyone here for keeping us on the straight and narrow!

Posted in Watch our debt go to zero! | 12 Comments »

12 Responses to “Another card bites the dust!”

  1. fruitbowlk Says:
    October 1st, 2008 at 05:52 pm 1222883557
    1222883557

    Great news.

  2. thriftorama Says:
    October 1st, 2008 at 06:22 pm 1222885378
    1222885378

    Wow. How have you managed to pay off so much so quickly?

  3. Personal Finance Student Says:
    October 1st, 2008 at 06:24 pm 1222885462
    1222885462

    That is awesome! Great news and congratulations!

  4. I-78 Commute Says:
    October 1st, 2008 at 06:32 pm 1222885952
    1222885952

    thrift: Income has been on average around $13,000/month net so we've been able to put a good chunk of the income towards paying down our debt. We have a lot coming in and this time we're putting it to good use. Smile

  5. merch Says:
    October 1st, 2008 at 06:35 pm 1222886103
    1222886103

    Nice work. Keep the focus and don't forget to budget for the holidays, even if it means slowing down debt repayment.

    Don't want to enter 2009 with more debt.

  6. I-78 Commute Says:
    October 1st, 2008 at 06:43 pm 1222886609
    1222886609

    merch you got that right! We have two more $3334 checks coming over the next two months in addition to paychecks and the one in late November will get a chunk set aside for the holidays. We got this thing under wraps so far but it's a long road to hoe.

  7. creditcardfree Says:
    October 1st, 2008 at 07:04 pm 1222887890
    1222887890

    ~~~Happy Dancing~~~

    Congratulations. Keep up the great work!

  8. dmontngrey Says:
    October 1st, 2008 at 07:42 pm 1222890130
    1222890130

    Great job!! Good riddance.

  9. my english castle Says:
    October 1st, 2008 at 11:06 pm 1222902373
    1222902373

    Terrific! Aren't you feeling freer?

  10. Aleta Says:
    October 2nd, 2008 at 03:54 pm 1222962848
    1222962848

    That is great news! You must be pleased with your progress. You have really done an outstanding job of eliminating debt. You'll get rid of the others if you just stay focused. Good job!

  11. Ima saver Says:
    October 2nd, 2008 at 05:43 pm 1222969419
    1222969419

    Wonderful!!

  12. boomeyers Says:
    October 4th, 2008 at 02:17 am 1223086653
    1223086653

    That is wonderful! Keep on chipping away and feel great about your accomplishment!!

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