It's Official! I have paid off my last credit card!!!

Today marks a milestone for me. I have officially cleared all of my credit card debt. My last payment cleared my account today and I am now free of 3 payments! I have room in my budget to work towards other goals and of course more room to breathe. It has been a long process.

This is a big milestone for me. I have worked hard, sacrificed, and budgeted frugally to make this happen in (my opinion) record time! I used the debt snowball method of paying my lowest balance debt first then worked my way up to the largest balance. I did have the help of some bonuses, a home refinance, a reinstatement of salary, and successful ebay/craiglist sales to make this all happen. I admit I was in some hard times financially and mentally. It is all behind me now!


I am now reworking my monthly budget to utilize the extra cash flow effectively. I have increased my 401(k) contribution, restarted my automatic deposits to my emergency fund, and am looking into other options. Having money leftover every month is a great problem to have. Now is the time to get it put to work for me!

Another Credit Card Paid off!!!

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!

HELOC Closing tomorrow!

Tomorrow I close on my home equity line of credit. I am getting it from a local credit union that pegs the rate at prime + 0.00%. The rate is currently at their minimum rate of 4%. This is being used to repay all the money I borrow form family to do my home remodel.

I am paying $0 in closing costs and will have access to the money next week. This is the final step in my house remodel process. I can now move on with my life!