Today is a small milestone for me. When I started this blog I had 3 credit cards with balance transfers on them at reasonable rates. The majority of the debt was from a failed business venture that I really should not have gotten into in the first place.
Reasons aside, I have paid off the second card! I sent the last payment today and the debt snowball method is working well for me. I am down to the last one and hope to have it knocked out in a year (or sooner if I get more side income and bonuses!). It is a great feeling to send a final payment on a debt and gives a sense of increased freedom.
My patience and persistence has paid off. Literally!
Another Credit Card Paid off!!!
Labels: debt, debt snowball, milestoneby Frugal Backpacker on Thursday, August 05, 2010
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