Friday, March 25, 2011

Accomplishment Alert!

At the end of 2009 I acknowledged that I have a spending problem, and after acknowledgment came some of the first steps to achieve a debt-free life.  First things first, I cut up my credit cards, and today I finally paid the last two cards off!  I had $2600 in credit card debt this morning, and after applying my tax returns I have $0 in credit card debt.  Because I no longer have to make monthly payments, I have an extra $143 per month!  The extra money is going towards other debt (I have about one year left for payments on my car, and student loans). Even though I haven't accomplished my initial goal of eradicating all of my debt, I am so proud of myself.  I am one step closer to living without shackles to distant numbers.
At the end of 2009 I also decided that I wasn't going to take out any more student loans for my undergraduate degree, and I haven't. I have not borrowed a single penny for school.  I have paid for each credit hour on my own (spare a sweet gift from the amazing Bentley, who paid 3/4 of my fall tuition), and it has made me appreciate school so much more!
I can finally see a light at the end of the debt tunnel, hoorah!


Natalie said...

Whoop!!! That's an amazing thing to learn in your 20's! Otherwise you end up like me. :-) Although I must say that my student loans motivated me to finish college and they have paid for themselves 100 times over.

MeganDan said...

That is great! I am so impressed with you and your goals. So sweet being able to see the light at the end of the tunnel! Hoorah!!

Chelsea Kilpack said...

Thanks, Nat! You are doing just fine! I wish I could say I won't take out more loans, but my graduate degree is going to reel in plenty.

Meg, thanks!!!!