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Thread: Does it Count
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07-16-2009, 08:39 PM #1Registered User
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Does it Count
I am kind of new here but am inspired by everyone's frugal idea's and the way they work hard to get ahead and pay off bills. I started this with the intention of doing the same. Unexpectedly I got a modest inheritance from my dad's brother. (I didn't expect to be in the will) with one swoop I paid off our CC, car, a hospital bill, my husbands student loan, and another small store card. I am very happy at the prospect of having no real debt for the first time in a long time but I don't feel like I have bragging rights because I didn't do this the hard way. My sister who also paid off a lot of debt with her share feels we do have bragging rights because we could have blown it and chose not too. I am using the rest to enlarge the amount of money we were using to buy a house. So anyway right or wrong I wanted to share because I am happy about the situation. Diane
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07-16-2009, 08:43 PM #2Registered User
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Good for you for being responsible with the inheritance! Congrats and welcome!
Dh Bob
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DS (21) at Lakehead U - go Thunderwolves!
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07-16-2009, 08:44 PM #3Registered User
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Paid is paid! Congratulations!
Kim
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07-16-2009, 08:46 PM #4Moderator aka AmyBob
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It doesn't matter how you did it, you did it! You could have easily taken the inheritance and bought big screen tv's and cars and motorcycles, but you chose to do the responsible thing and pay off your debt. That's the responsible spirit of money that we all share at the village. I think you fit in beautifully! Thanks for sharing your story and I look forward to seeing you around!
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Always remember others may hate you, but those who hate you don't win unless you hate them. And then you destroy yourself."
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07-16-2009, 08:51 PM #5Registered User
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I'd say it counts. You used it wisely and I'm sure your uncle would be proud of you for doing so.
Cat
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07-16-2009, 08:56 PM #6Registered User
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YES! You chose to use your inheritance wisely and not make bad decisions. Brag away, girl!
Working on Our Debt a Day at a Time:
Chase #1: Paid $1307.12 of $1925.04
Bank of America: Paid $1054 of $1600
Dillard's: Paid $953 of $1750
Medical (too much to list so I am going one at a time):
Amex #1: Paid $3975.50 of $3975.50 Paid in Full 3/09
Chase #2: Paid $4489.75 of $4489.75 Paid in Full 12/09
Macy's: Paid $337.24 of $337.24 Paid in Full 9/10
Lane Bryant: $300 of $300 Paid in Full 7/10
MRI Paid $1080 of $1080 Paid in Full 2/11
Amex #2: Paid $8286.17 of $8286.17 Paid in Full 7/11
Foot Surgery: Paid $1759 of $1759 Paid in Full 8/11
Furniture: Paid $2000 of $2000 Paid in Full 3/12
2012 Fling 319/2012
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07-16-2009, 09:04 PM #7Registered User
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Congrats!!
Married to DH 19 years
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07-16-2009, 09:29 PM #8Moderator
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Paid in full = Counts in full.
Congratulations!The Free Spirit Saver who walks the path with Greebo.
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Budget: "Every month! On paper, on purpose!"
Gardening somewhere between Zone 6b and 7a.
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07-16-2009, 09:35 PM #9Registered User
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Of course it counts! You made a seriously responsible choice and that is huge
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07-16-2009, 09:59 PM #10Registered User
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I agree with the others. Paid off is still paid off no matter how you get there. Congrats!!!!!
EF $703.21
STARTING DEBT $40,567.12
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07-16-2009, 10:43 PM #11Registered User
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getting out of debt is only half the battle...you did the responsible thing with the money. that is awesome and you should be proud!
Holly
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07-16-2009, 10:43 PM #12Registered User
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Hi
Like others have posted, you could have blown it on that big screen plasma or what not. And just think about all the interest you've saved yourself in the future. Now you can concentrate on your future financial goals without all the worries.
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07-16-2009, 10:52 PM #13Moderator
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Diane - it looks as if we all agree with your sister - you both have bragging rights and congratulations!! It's great to have you aboard as we all share our journeys!!
Travel light. The baggage of the past can only hold you back.
“Decluttering isn't just simplifying your life. It's having a vision, setting new priorities and using those notions to get rid of obstacles.”
— Peter Walsh
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07-16-2009, 11:00 PM #14Registered User
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Well I am glad you decided to use the money to pay down debt, that's a very smart decision you made BUT remember that you wouldn't want to be in debt again so make this a new beginning.
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07-16-2009, 11:20 PM #15Registered User
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Brag girl brag!!
Jan
Married to hubby, Rick 35 years
*Mom to 3 grown children
Grannie to 6 boys
Foster parent to 50+ kids and counting
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