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Home > Technically I am out of CC Debt...

Technically I am out of CC Debt...

July 2nd, 2015 at 02:28 pm

I paid off my last credit card today. But, I still owe the money. I took a "loan" from our tax savings account and paid it off. I was tired of looking at it. I didn't want any more interest, so I just did it. I'll have us back paid back in a few weeks. So, although I still technically owe it, it still feels good. It will feel even better in a few weeks when its really done.

Posted in Uncategorized | 10 Comments »

10 Responses to “Technically I am out of CC Debt...”

  1. laura Says:
    July 2nd, 2015 at 02:33 pm 1435847597
    1435847597


    Good deal getting that cleared off the books! Smile

  2. creditcardfree Says:
    July 2nd, 2015 at 02:35 pm 1435847721
    1435847721

    I can understand why that feels better. Now you owe yourself the money...which I think will feel like a stronger pull to pay back! It would for me!

  3. rachel021406 Says:
    July 2nd, 2015 at 02:44 pm 1435848292
    1435848292

    The good thing is that I set up auto transfers for the payments. So it will be paid back and I won't have to think or worry about it. And I can't make excuses why I can't transfer the money.

  4. snafu Says:
    July 2nd, 2015 at 03:17 pm 1435850247
    1435850247

    What a creative way of ridding yourself of CC debt. Automatic transfers back to tax savings is compelling, Would you find it helpful to wrap an elastic band around each CC to remind you how much you've paid in interest charges in the past 12 months? Good on you to have cleared balances from all CC!

  5. Joan.of.the.Arch Says:
    July 2nd, 2015 at 03:19 pm 1435850343
    1435850343

    Are you saving for a quarterly tax or annual?

  6. scottish girl Says:
    July 2nd, 2015 at 03:34 pm 1435851267
    1435851267

    Brilliant!

  7. creditcardfree Says:
    July 2nd, 2015 at 03:35 pm 1435851344
    1435851344

    Nice plan to auto transfer to pay back...I should do that for paying ourselves back if I still fall short replacing money borrowed from savings with the work reimbursement.

  8. Petunia 100 Says:
    July 2nd, 2015 at 04:27 pm 1435854440
    1435854440

    Who-hoo! Congrats. Smile

  9. VS_ozgirl Says:
    July 3rd, 2015 at 06:40 am 1435905650
    1435905650

    Congratulations for being off the credit card debt train!

  10. CB in the City Says:
    July 3rd, 2015 at 06:47 pm 1435949242
    1435949242

    That counts. You paid off your debt. You just need to build up your investments now.

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