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Thread: Just a debt reduction update....
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05-17-2008, 04:40 PM #1Registered User
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Just a debt reduction update....
Dh and I have one c.c . It has a HUGE balance on it due to several things including my moms illness and death. The balance was $14,000 and change.In two months time we have been able to pay off.....drum roll please........
$6,700 of it. So its still a big balance and we were going to add the stimulus check to it but our stimulus check is not correct and we got an unexpected bill this month which we paid in full, so now I wont have big money to throw at the c.c but will keep plugging along. It will take us awhile yet to pay the rest off but we are determined too!!!
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05-17-2008, 05:05 PM #2Master Dollar Stretcher aka DixieBob
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You are doing great! WTG!!
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05-17-2008, 05:12 PM #3Registered User
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Holy smokes!
That is a good feeling!1
Some good news here!!
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05-17-2008, 05:15 PM #4Registered User
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Excellent progress. I just took over 1/2 of my CC balance and transferred it a 0% card. Maybe you could give this a try. My goal is to pay it all down this year, but the 0% balance will help not waste money towards interest
.
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05-17-2008, 09:27 PM #5Registered User
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Most excellent
(ok that sounded like Bill and Ted's excellent adventure, didn't it....? Sorry) I'm truly thrilled for ya.
~48 yr. old sahw, livin' it up in our empty nest, smack dab in the middle of everywhere.~
*We're debt freeeeeeeee! (including the house)*
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05-17-2008, 10:16 PM #6Registered User
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This experience will strengthen your relationship with your spouse. When we were first married we go into trouble with a cc and had to work hard for a year to pay it off. Paying it off together by setting goals and actions really gave us a stronger bond. I definitely wouldn't go back, but looking back I see that it was a good lesson for us both.
Hang in there and congratulations on your accomplishiment!!!!Wife to Kevin: 20 years
Mother to DD18
& DS13
.
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05-18-2008, 12:59 AM #7Registered User
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I agree with Marie, try and see if you can do this first. If not, call your CC company, now that you have gotten your balance down, maybe they will take a smaller % rate than you are paying now. Can't hurt, all they can say is no.
Originally Posted by Marie78
Excellent progress. I just took over 1/2 of my CC balance and transferred it a 0% card. Maybe you could give this a try. My goal is to pay it all down this year, but the 0% balance will help not waste money towards interest.
WTG that is a terrific success story!
~~ Dee ~~
8 Years Cancer FREE!
25 July 2003
Married to my sweetie, Jack
25 yrs.
Mama to 27 furbaby 'Katz' (as my hubby calls them LOL)
Nicky, Snowy, Olga, Ralphie, Sidney, Oliver, Fonz, Audra, Hoss, Peanut, Madeline, Tigger, Alice, Poppy,Teddy Bear, Mittens, Conan, Sherman, Trapper, Radar, Maxie, Annie, Rocky, Kali (AKA P.I.T.A), Jethro, Chewy Lewy, and Chance!
Don't forget to do self examinations monthly and have regular mammograms!
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05-18-2008, 09:21 AM #8Registered User
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Wow you are doing great! Congrats!! Can wait for thread saying...paid in full!
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05-18-2008, 10:24 PM #9Registered User
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That's terrific!
--Michelle~ Michelle
Wife to DH--
Mom to DS--
and DD--
Avatar picture--Taken at Comanche Lookout Park, San Antonio,Tx. April,2010
Mortgage -- $53,077.24
March Emergency Fund Challenge-- $100 /$200
----------------------
"The time to save is now. When a dog gets a bone, he doesn't go out and make a down payment on a bigger bone. He buries the one he's got." --Will Rogers
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05-19-2008, 07:09 AM #10Super Moderator
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That is more than great!
Teamwork can move mountains, WTG!~*Darlene*~
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05-19-2008, 10:58 AM #11Registered User
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Oh my gosh, $6,700 in two month's time??? That's beyond awesome! Keep up the good work.
How much we enjoy what we have is more important than how much we have. Life is full of people who have more than they know what to do with, but cannot be content. It is the capacity to enjoy life that brings contentment.---Unknown
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05-19-2008, 12:48 PM #12Registered User
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Originally Posted by SewCrafty
I agree with Marie, try and see if you can do this first. If not, call your CC company, now that you have gotten your balance down, maybe they will take a smaller % rate than you are paying now. Can't hurt, all they can say is no.
WTG that is a terrific success story!
Definatly do this! Our % rate was almost 30%, then with one phone call hubby got it knocked down to 9.995%
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05-20-2008, 09:24 AM #13Registered User
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Way to go Jamie!!! You will have it paid off before you know it.
~Non-Mortgage Debt: $2,440.95~
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