Financial Freedom!!!

MirabellaNYC Posted: Dec 08, 2009 08:14 PM

Financial Freedom!!!

Sooo on some of the threads I've talked about mine and DH's financial game plan...

While it's been an adjustment having one of us (aka DH) manage the finances AND put both of our salaries into joint checking and savings, I am happy to say.........

We only have 2 credit cards left with balances! We'll be debt free by February

AND....we've canceled all but 2 credit cards each. As much as it's not the best thing for your credit score to cancel accounts, we strongly believe that we will have LESS debt in the long run and will be saving more.

I can't even tell you how good it feels!

Those of you going through finance drama-I promise it will be worth it!

Hopefully this will inspire all the girls going through the 'finance conversations'.

You can do it!!

egem523 Posted: Dec 08, 2009 08:16 PM

Re: Financial Freedom!!!

That is exciting!!

MoochsWifey Posted: Dec 08, 2009 08:23 PM

Re: Financial Freedom!!!

Isn't it such a great feeling? Right after the wedding DH and I paid off ALL our debt, car included and it felt so good. Congrats!!!

Cacarina Posted: Dec 08, 2009 08:51 PM

Re: Financial Freedom!!!

Woohoo, what a great feeling!!! DH and I have quite a bit of credit card debt...the result of moving into Manhattan when we were young and stupid and had no money. We are slowly paying it off, but I can't wait until we have it all GONE!!

Yayy Jen!

LadyDuda81509 Posted: Dec 08, 2009 09:09 PM

Re: Financial Freedom!!!

Aww yay! thats great!!

I have a billion credit cards but only one that has a balance i use it all the time and am constantly paying big chunks but it never goes away cuz im always using it. I just want that balance paid off sooo bad i just have to stop using it but its soo hard around the holidays!! i wanna spoil everyone rotten! like my new nephew!! soon as christmas is over im not using it AT ALL!!!

you are my inspiration!!

FinallyMrsB18 Posted: Dec 08, 2009 10:26 PM

Re: Financial Freedom!!!

What have you ladies done to pay it down? I have been paying down my debt for almost a year, and feel like I haven't even made a dent. It is credit card debt. I try to pay a little more than the min each month, but can't afford to do much more. It is high!! The result of moving in together when we were young & broke & in college. And some wedding expenses. I don't even use it anymore. I just pay every month. The finance charges are killing me. Any advice. I wish I could pay a small amount a month for a long time, but at least I could afford the payment, and not feel like it is hanging over my head each month. Any advice??

gina409 Posted: Dec 09, 2009 12:03 AM

Re: Financial Freedom!!!

thats awesome jen!!!!!

EmiNoa628 Posted: Dec 09, 2009 09:19 AM

Re: Financial Freedom!!!

Yayyy

Just Cindy Posted: Dec 09, 2009 09:19 AM

Re: Financial Freedom!!!

MrsDtoBe09 Posted: Dec 09, 2009 09:27 AM

Re: Financial Freedom!!!

Feels so good, doesn't it? We've FINALLY come to the point where we say if we want something and don't have the cash for it right away, we have to WAIT to get it. It stinks but it makes your purchases so much more valuable to you!

Cacarina Posted: Dec 09, 2009 10:05 AM

Re: Financial Freedom!!!

Posted by FinallyMrsB18

What have you ladies done to pay it down? I have been paying down my debt for almost a year, and feel like I haven't even made a dent. It is credit card debt. I try to pay a little more than the min each month, but can't afford to do much more. It is high!! The result of moving in together when we were young & broke & in college. And some wedding expenses. I don't even use it anymore. I just pay every month. The finance charges are killing me. Any advice. I wish I could pay a small amount a month for a long time, but at least I could afford the payment, and not feel like it is hanging over my head each month. Any advice??

Have you looked into transferring your balance to a no interest credit card? That could help with the finance charges.

KerriJohnS Posted: Dec 09, 2009 10:32 AM

Re: Financial Freedom!!!

That's FABULOUS!!!

i can't wait to be there myself!!!

nicopico13 Posted: Dec 09, 2009 10:34 AM

Re: Financial Freedom!!!

That must be such a relief. I myself am working on getting rid of my credit card debt. I can't wait until that is gone. I haven't used credit cards in over a year and it was definitely a huge adjustment!

MrsDrinkh20 Posted: Dec 09, 2009 10:35 AM

Re: Financial Freedom!!!

Congrats! We have no credit card debt but we have student loan debt that will take forever to pay off...I bet it's a great feeling...one we might have in oh, 10 years lol