Paid off a Credit Card!

CJ Thimble Bright

Dancing in a room by myself
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I am so happy to report that we just put a big chunk of money onto a credit card (a Care Credit card that was opened specifically to deal with a cat medical emergency and has helped with a few other animal medical issues and has carried a large balance since 2017). And now it is PAID OFF!

We had the "extra" money due to my husband being rear ended last month - insurance totaled our car and paid us out. So we decided to put the money too good use. And we hope to put another lump sum toward a second credit card next month (which has a much smaller balance). I can't wait to not have these monthly payments due to cards!

Just wanted to share my excitement about one of our first steps toward getting debt free.
 

OctoberMoon

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That's awesome news! It's a great feeling. Congrats!
 

Gingerbread

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I love paying stuff off, doesn't it feel good! This year we actually paid off the last thing we had other than our mortgage. It wasn't a whole lot, a loan from when we had some house work done and the last of student loans. Feels good though. One thing I always did when I paid something off was I just continued to apply that monthly payment amount to the next thing I wanted to pay off. So if the student loan was 100.00, once that was paid in full I kept paying that 100.00 in the budget but applied it to the next bill I wanted to pay off.
Now we just have our mortgage but hopefully I can get that paid off early too one day. I'm all about saving on interest so *knock on wood* hopefully we'll not have any major unexpected expenses come up.
 

AzaleaArt

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That’s awesome! My brother was able to pay off his student loans last year and he was very happy about it too
 
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CJ Thimble Bright

Dancing in a room by myself
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Yes @Gingerbread we will be snowballing our payments too. What was being paid on that card will now go into the bill with the next highest interest rate. We should have a few more things like that paid off in a few months. Then we will start chipping away at the student loans.
 
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JadeCade

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Congrats @CJ Thimble Bright ! Anytime I have extra money I try to throw it at a bill. Bonuses from work, cashing out unused vacation, tax returns, I try to use most of it to pay down bills (maybe keep a little for a pony... ☺️) But it is so freeing to see that number(s) get smaller isn’t it?
 
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