Author Topic: Poof! Credit Card Debt Gone!  (Read 4385 times)

The Dutchman

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Poof! Credit Card Debt Gone!
« on: May 17, 2013, 08:10:41 AM »
Alright I know this is a little masturbatory; however, I paid off my credit card debt and need to tell the world!

I have always been frugal.  My brothers call me a Shyster because I haggle all the time and enjoy doing so.  However, it wasn't until about a year and a half ago when I started reading the hell out of early retirement blogs and books.  At some point 12 months ago it clicked and I realized that my hair was on fire with 5k of credit card debt.  Some of which had 19% interest. 

Last month I paid down all of my credit cards. 

I know you guys are going to say "big deal 12 months saving 5k" but realize I also saved another 9k during that time for a house down payment and I have about 8k in the bank for "emergency" and "future Purchases".  So really I saved about 22k in 12 months.  Very excited. 

Like I said this is a little self indulgent; however, I have a shit eating grin on my face that I can't wipe off. 

Next 22k of student Loans.

James

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Re: Poof! Credit Card Debt Gone!
« Reply #1 on: May 17, 2013, 08:11:52 AM »
Congrats! That's great!

Rural

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Re: Poof! Credit Card Debt Gone!
« Reply #2 on: May 17, 2013, 08:12:39 AM »
Congratulations!

Milkman666

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Re: Poof! Credit Card Debt Gone!
« Reply #3 on: May 17, 2013, 08:29:18 AM »
I'm pretty sure this type of self indulgence is keenly encouraged around here.

Nice work!

mustachecat

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Re: Poof! Credit Card Debt Gone!
« Reply #4 on: May 17, 2013, 08:52:37 AM »
Congrats!

Reepekg

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Re: Poof! Credit Card Debt Gone!
« Reply #5 on: May 17, 2013, 09:36:31 AM »
Woohoo!  This kind of thing is exactly why we're here and deserves to be celebrated.

FrugalAussie

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Re: Poof! Credit Card Debt Gone!
« Reply #6 on: May 18, 2013, 03:30:20 AM »
22K is an awesome result, I think it's a great achievement to be proud of.

Your brothers might not think it's so funny when "the Shyster" has retired early but they're still working. 

CeciliaW

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Re: Poof! Credit Card Debt Gone!
« Reply #7 on: May 18, 2013, 10:29:39 AM »
Well Done!

The Dutchman

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Re: Poof! Credit Card Debt Gone!
« Reply #8 on: May 20, 2013, 07:07:30 AM »
Your brothers might not think it's so funny when "the Shyster" has retired early but they're still working.

Yeah, especially since my brother, 2 years ago, signed up for 300k in student loans to pay for med school.  He won't graduate and make any money for another 2 years.  I have been making money at a full time job for 5 years already (he is also 2 years older than me)!!!

olivia

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Re: Poof! Credit Card Debt Gone!
« Reply #9 on: May 20, 2013, 09:23:20 PM »
AWESOME!  Congratulations!  Brag away, that's what this forum is for, right?!

happy

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Re: Poof! Credit Card Debt Gone!
« Reply #10 on: May 21, 2013, 02:59:08 AM »
Hey well done you!