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Paying off 1st credit card Friday!

August 19th, 2014 at 02:50 pm

I have $89 left on it and that will be gone with Fridays paycheck and then on to that Discover card with the highest interest rate! I can't believe I have paid off over $8000 since the beginning of January. According to my debt avalanche spreadsheet, I will have the Discover card paid off next September. A year sounds too long to wait, so I will do everything I can to get it paid off sooner Smile I have been selling a lot on Ebay, and I may be able to cash in some PTO to put towards the card as well. Feels great to make progress!

Posted in Credit Cards, Debt | 12 Comments »

12 Responses to “Paying off 1st credit card Friday!”

  1. Petunia 100 Says:
    August 19th, 2014 at 02:58 pm 1408460281
    1408460281

    That's great, Frugalredhead! Congrats. Smile

  2. Ima saver Says:
    August 19th, 2014 at 03:41 pm 1408462872
    1408462872

    Good for you!

  3. Romeo Jeremiah Says:
    August 19th, 2014 at 03:52 pm 1408463530
    1408463530

    Awesome. I love coming across blog posts where people are celebrating their debt payoffs. As long as you stay focused you shouldn't have a problem paying off the Discover card.

  4. wowitsawonderfullife Says:
    August 19th, 2014 at 04:12 pm 1408464765
    1408464765

    That's great! Congratulations.

  5. scottish girl Says:
    August 19th, 2014 at 04:36 pm 1408466172
    1408466172

    That's great!

  6. doingitallwrong Says:
    August 19th, 2014 at 04:51 pm 1408467064
    1408467064

    Great job!

  7. rachel021406 Says:
    August 19th, 2014 at 05:13 pm 1408468433
    1408468433

    Awesome!

  8. Beawealthywarrior Says:
    August 19th, 2014 at 05:55 pm 1408470953
    1408470953

    Keep up the great work!

  9. snafu Says:
    August 19th, 2014 at 08:00 pm 1408478408
    1408478408

    Good on you! It's such a wonderful milestone to mark Paid-In-Full to a CC. It's so smart to snowball funds to the next goal and terrific see you're motivated to stay the course. WoooHooo atta girl

  10. creditcardfree Says:
    August 20th, 2014 at 02:30 am 1408501815
    1408501815

    Congratulations!! Will you be putting the minimum payment from this last debtmand all extra funds to pay off the Discover? I highly suggest it!

  11. frugalredhead Says:
    August 20th, 2014 at 12:35 pm 1408538150
    1408538150

    Thanks everyone! This card that I am paying off is the card that I charge my gas and childcare to ($1500 a month), so it will be paid off in full every month during the grace period, and all extra funds (mostly from my part time job) will now go towards the Discover. It's not quite as simple as just rolling over a minimum payment, but that's more or less what I'm doing Smile I'll be extra motivated to get rid of this Discover card with it's 13.49% interest rate!

  12. creditcardfree Says:
    August 20th, 2014 at 01:49 pm 1408542552
    1408542552

    You are definitely motivated, so you should have it paid off soon!

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