Debt Paydown Milestone – No More Credit Card Debt!

My bank just sent off the final payment to our last credit card this morning!  I have no idea when it’ll clear at the credit card bank (may be today, probably tomorrow).  But, I can say that we’re entering 2014 with no credit card debt.  We still have a car payment (at 0%) and student loans, but no more credit card debt!

For the last 3 years, we’ve avoided adding to the credit card debt, and I hope we can continue that trend, and pay off anything we charge in full every month.  We started this journey – before I started blogging about it – with three rather large credit card balances (one was $21k!), and now that’s down to zero.

I hope you and your family have as happy a New Year as we will be having.  Stay safe!

7 thoughts on “Debt Paydown Milestone – No More Credit Card Debt!

  1. donebyforty

    Congratulations! That’s a big milestone, especially since your other debts are at much lower (or 0%) interest rates. Cheers and Happy New Year, indeed!

    Reply
    1. Mom Post author

      To be fair, this interest rate was 4.99% for life, and some of my student loans are at 6.55%, so not the best mathematically, but more emotionally satisfying. It’s also the debt I’ve had the longest, so it’s *very* emotionally satisfying!

      Reply
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