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!
3 comments:
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.
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!!
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!!!!
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