pay off all of my credit cards.

I was well underway to achieving this before I found the 43 Things site. I had 3 credit cards with a combined debt of about $3,700. By devoting a large (painfully large) portion of my income each month for the last six months, plus money I received for Christmas, towards paying off these cards, I am now down to owing just $150… hopefully within a week I will be credit card debt free.

I’ve decided to pay off half of all the debt by taking the money out of my savings. The credit card debt is gaining far more interest than my savings. It makes no sense to go farther in debt when I can head it off with my liquid cash. I just LOVE having a large nest egg. Oh well. Desperate times call for desperate measures, and I need to be debt free before applying for loans for law school.

Hard to believe, but I just realized I only have one credit card left. I expect to pay that one off within two months.

With my tax refund and economic stimulus package, I will be able to pay off two out of four. With my next paycheck, I can take out one half of the third one. So, within three months, I will almost be done with debt.

I can’t wait for my tax refund.

Pay them all off!!!!!!!!!!!!

I am on the five month plan. I am going to take Suze Orman’s advice and take some money out of my savings, pay off my high interest card, whittle down the rest, and be almost debt free by the summer. In the meantime, I am treating my cards like they don’t exist.

This week, I used the card I just paid off, but I think this was a good move. My employer will reimburse me up to a certain amount for classes I take during the year. Since I couldn’t afford to pay as much they would reimburse me, I put a couple of thousand back on the card to reach my reimbursable limit. My tuition reimbursement is already being processed, and I will apply the entire amount to my card :)

I just paid off another credit card. That means I am down two, with four to go. By my count, I can pay off another one during January, so that will be a big boost to my morale. Here’s to killing the interest rate monster! :)

You know, I actually make pretty decent money. Why can’t I pay these evil things off? Oh, I know! Because interest is like a giant leech attached to my jugular. Well, I’ll have the last laugh… eventually. For now, I just paid one off, and that one will remain at a zero balance. STAY AT A ZERO BALANCE, DAMN YOU!