I made the final payment on my credit card yesterday. Yay! In January, I made a new year’s resolution to pay it off. It was really hard but I had a plan, stuck with it, and now it’s over. I think it’s the only new year’s resolution I’ve ever kept.
I would describe myself as a saver, not a spender, so suddenly having credit card debt was both shocking and highly uncomfortable to me. I didn’t build the balance by buying a bunch of stuff. First, there was the big first trip to Far Off Land that I couldn’t quite cover up front. Then there were several instances of car maintenance and the deductible for body work after my car was hit while parked. Then an expensive last minute plane ticket for a funeral. All the while, I was still making car payments, so I quickly blew through my paltry emergency fund. That’s how I came to have credit card debt.
I paid off the car last year and now the credit card is paid off too. Finally, I can bask in the joy of completion. Ahhhhhhh.
Too bad my research projects still have months of work left to do.
7 comments:
Good for you! We also just paid off all our debt after a couple of crazy years (house purchase followed by wedding and honeymoon). It's scary how fast it builds up. It's a great feeling when it's gone though, isn't it!
Now, about that boat I've always wanted...
Congrats! It's scary how much credit card debt grad students can accumulate.
congrats! what a great way to end the year.
Congrats!
Unfortunately, I'm in the opposite camp. We acquired new credit card debt this fall when Husband's freelance clients didn't pay him on time. Ugh.
Congratulations on your new debt-free state!
Yes, debt really can build up fast when you are living so close to your means. I intend to build up my savings now so that I have some cushion next time something goes wrong.
Thanks for sharing my pleasure, everyone. :)
good for you!
Post a Comment