We are Credit Card Debt Free!

Posted by Mrs Money on March 4th, 2010


IMG_0312 get rid of debt
Creative Commons License photo credit: kainr

Well, we did it! I bit the bullet and finally made the last payment on our Home Depot Credit Card.  It made no sense to me to keep making payments each month when we had the money to pay it off, so I just did it.  It was a wash anyway!

I could have kept the money in our ING savings account, but it seems that is not really a high yield savings account right now anyway. I figured that if I left that money in the savings account for 6 months I’d earn under $1.50. Was the hassle of making the payments each month worth it to me? No.

How does it feel to be credit card debt free? Fabulous! To be honest, I feel better than I did when we paid off our student loans. Crazy, right?

Next up: the car loan.  And then we’ll be 100% debt free except for our mortgage.  Woo!

What are you working on paying off right now, if anything?

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57 Responses to “We are Credit Card Debt Free!”

  1. Mrs Money says:

    Mr Credit Card- Thanks!! 🙂


  2. Lulu says:

    Congratulations!!!! I am working on my credit card also and will soon be free from the clutches of Citi!!!Woo hoo.


  3. Money Beagle says:

    Congrats, that has to be a great great feeling!



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