Author Topic: Last credit card payment!  (Read 1371 times)

SavinMaven

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Last credit card payment!
« on: September 29, 2017, 07:42:08 AM »
On 9/30/15, I had $50,114 of credit card debt.

Tonight, I will make the final payment and have $0 in credit card debt for the first time in over 20 years. Then I will break open a bottle of (paid for in cash, cheap) champagne.

It's honestly a little surreal. In the beginning, it was just crawling down so slowly it felt like it would never be gone. But paying off debt with the snowball method is some kind of magical and the momentum just kept building!

v8rx7guy

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Re: Last credit card payment!
« Reply #1 on: September 29, 2017, 08:11:42 AM »
Congrats!  Now cut it up :)

lexde

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Re: Last credit card payment!
« Reply #2 on: September 29, 2017, 08:29:34 AM »
Congrats!! That's a huge milestone!

LifeHappens

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Re: Last credit card payment!
« Reply #3 on: September 29, 2017, 09:55:26 AM »
Congratulations! Awesome work.

Slee_stack

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Re: Last credit card payment!
« Reply #4 on: September 29, 2017, 10:27:32 AM »
That's damned impressive.

And now an extra 20G+ to save each year moving forward!

Megma

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Re: Last credit card payment!
« Reply #5 on: September 29, 2017, 11:28:27 AM »
Holy crap! That is a big accomplishment! Now you will feel so comparatively wealthy.

What are you going to do with the extra dough now that you are free of CC debt? Hopefully save most of it :)

GuitarStv

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Re: Last credit card payment!
« Reply #6 on: September 29, 2017, 11:33:25 AM »
Congrats!  Now cut it up :)

 . . . might be better simply to learn to use it responsibly.  But congrats are certainly in order.

EmFrugal

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Re: Last credit card payment!
« Reply #7 on: September 29, 2017, 01:11:13 PM »
Congrats!! That is amazing :) And now it will all go toward saving!

solon

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Re: Last credit card payment!
« Reply #8 on: September 29, 2017, 01:16:03 PM »
I absolutely LOVE hearing stories like this! You are an inspiration to me and everyone else on this forum.

Keep up this epic level of badassity and you'll be an unstoppable force.

frugalnacho

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Re: Last credit card payment!
« Reply #9 on: October 05, 2017, 11:30:48 AM »
How in the fuck did you possibly ring up $50k in cc debt?  That's absolute insanity.  Congrats on paying it off, but holy fucking shit man. 

TheAnonOne

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Re: Last credit card payment!
« Reply #10 on: October 08, 2017, 07:26:49 PM »
How in the fuck did you possibly ring up $50k in cc debt?  That's absolute insanity.  Congrats on paying it off, but holy fucking shit man.

I second this, not in a "being a dick" sort of way, but curious how someone has this happen?

Brother Esau

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Re: Last credit card payment!
« Reply #11 on: October 09, 2017, 06:38:55 PM »
Good on you! I know the feeling

Rosy

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Re: Last credit card payment!
« Reply #12 on: October 11, 2017, 12:38:34 PM »
1. Sweet!!! - first time credit card debt free in 20 years is a celebration worthy event:)

2. The important thing is that you set yourself up for financial success in the future and stay vigilant about your finances - forever and a day.

3. Now - are you up for the next challenge? Join one the many gauntlet threads to reach $50K - NW - save/race/invest work your way up to $50K plus. I dare you and invite you to go for it!

HipGnosis

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Re: Last credit card payment!
« Reply #13 on: October 12, 2017, 12:35:51 PM »
Congrats!  Now cut it up :)
. . . might be better simply to learn to use it responsibly.  But congrats are certainly in order.
Agreed, your creditors charged you interest.  Now you can work on your credit rating as needed and use credit card rewards for even more money to save.
Fully agree: congrats are certainly in order!

Penn42

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Re: Last credit card payment!
« Reply #14 on: October 13, 2017, 08:46:37 PM »
Great job!  Keep up the good work!

boarder42

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Re: Last credit card payment!
« Reply #15 on: October 13, 2017, 09:06:05 PM »
Congrats now learn to use credit to your advantage including rewards and travel hacking and mortgages and tradelines