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Old 08-27-2010, 01:40 PM
 
2,919 posts, read 5,783,832 times
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Maybe not a milestone to some people...but was almost $16k in credit card debt...Finally got it down to an even $10K........That's the only debt I am carrying right now aside from house note and car payment in which the car will be paid off(knock on wood) in Oct 2011. Iknow it's not much...but feeliing a little better about things... I am 39yrs old..and this little last economic fiasco has opened my eyes......gotta be more fiscally responsible with the finances.
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Old 08-27-2010, 01:43 PM
 
25,619 posts, read 36,527,488 times
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Congrats! Keep it up.
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Old 08-27-2010, 03:24 PM
 
Location: Victoria TX
42,579 posts, read 86,631,990 times
Reputation: 36642
I would suggest that you take some evidence on paper of what you have done, and show it to the finance manager at your bank. Express to him your exuberance that you have worked so hard to bring your finances into order. I bet he would be happy to loan you enough money to pay off the $10K, at about half the interest, or less, than you are paying the CC company. He'll also probably refinance your car. It looks like you have quite a bit of equity in your car, for collateral. You have nothing to lose by asking, and several thousand dollars to gain.

You think you feel good now, just wait until you go into that bank in a few years and by a $10K CD.

Last edited by jtur88; 08-27-2010 at 03:38 PM..
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Old 08-27-2010, 07:30 PM
 
2,714 posts, read 4,266,077 times
Reputation: 1314
hurrah you are doing great!
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Old 08-27-2010, 07:52 PM
 
Location: Chapel Hill, NC, formerly NoVA and Phila
9,764 posts, read 15,707,398 times
Reputation: 10850
Keep up the good work. You can do it! :-)
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Old 08-28-2010, 01:39 PM
 
Location: Fairfield, CT
6,981 posts, read 10,892,431 times
Reputation: 8821
Quote:
Originally Posted by westcoastbabe View Post
Maybe not a milestone to some people...but was almost $16k in credit card debt...Finally got it down to an even $10K........That's the only debt I am carrying right now aside from house note and car payment in which the car will be paid off(knock on wood) in Oct 2011. Iknow it's not much...but feeliing a little better about things... I am 39yrs old..and this little last economic fiasco has opened my eyes......gotta be more fiscally responsible with the finances.
Excellent. Keep the momentum going. You're doing the right thing, both for yourself and the overall economy.
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Old 08-28-2010, 01:49 PM
 
10,135 posts, read 27,368,594 times
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This is great news for you. Once you can get the number going down, eventually, you can wipe it out. Then, you may be able to put some money aside for a rainy day. Its a lifelong process and you are well on the way. I have counseled people on debt for a long time and there is no way to eliminate debt other than by reducing spending. There is no amount of money that a person can make that is enough. And the uses are always good things that you or your family needs. You just have to do what you are doing and it will all work out for you.

Congrats!
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Old 08-28-2010, 03:49 PM
 
15,633 posts, read 26,132,202 times
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Westie -- WOO-HOO!!!!!!!!!!!!

That's what we have to do, a buck at a time.
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Old 08-29-2010, 07:14 PM
 
Location: Virginia
1,938 posts, read 7,101,300 times
Reputation: 878
KUDOS! Keep going...it feels so good huh?! I added to your reputation too...doing the dance, wiggle it just a little bit- YEA!
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Old 08-29-2010, 07:44 PM
 
Location: Warwick, RI
5,432 posts, read 6,200,491 times
Reputation: 9325
CONGRATULATIONS!! That's major progress - keep it up, and be proud of yourself!!!
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