I just wanted to share the first cool thing we were able to do after clearing all of our non-mortgage debt. We were able to pay cash (well..debit card from our checking account) for our son (turns 16 tomorrow) to trek out of the USA to Europe in April with his classmates through a school trip. They'll be over there for 11 days total and the balance is due in full by December 19th. Well we've paid nearly $2000 out of the $3000 it cost already ($1750 of that $2000 in the last 4 days) and we'll be able to pay the remaining balance in full on September 2nd without batting an eye. A full three months + before the balance is due!
The best part is having the cash to do it instead of going into debt to do it. I can remember a time when that $1750 was going to minimum payments on credit cards. No more! Now it goes to things we WANT to do instead of obligations we HAVE to do. Yippie!
So for anyone mired in debt and wondering if it's worth the effort and sacrifice to bulldoze your way out...I can say absolutely! You can pay for a trip without paying more than the trip costs in credit card interest and fees. 
First cool debt free expense
August 24th, 2009 at 12:17 pm
August 24th, 2009 at 12:23 pm
August 24th, 2009 at 12:58 pm
August 24th, 2009 at 01:45 pm
August 24th, 2009 at 03:09 pm
August 24th, 2009 at 07:30 pm
August 24th, 2009 at 07:51 pm
August 25th, 2009 at 05:15 am
August 25th, 2009 at 08:43 am