Becoming Debt Free in 2009

February 12, 2009

Credit Card Debt FREE

Filed under: Credit Cards,Debt,Journey to Debt Freedom — ambercouric @ 10:01 am
Tags: ,

Anyone who reads my blog knows that I HATE my car payment.  I had all intentions of working to pay off the car first.  My husband on the other hand HATES the credit card payment.  So we compromised and decided to pay one debt in full.

We took our tax refund, tutoring money, regular debt reduction payment and a bit from savings and PAID off our credit card.  The reasoning is that with the car the payment is fixed and we can continue to aggressively pay it down.  Who knows what would happen with the credit card the way the companies continually change the rules.

I have no plans to cut it up and throw it away.  I like to use it for online ordering and air line tickets, etc. but I will not use it unless I can pay it in full.  I have never been one to charge day to day expenses so I am sure that this will work for us.  I will also remember how hard we worked to pay it off.

Wow!  What a feeling.



  1. I will be in the same spot by March!! Can’t wait!!


    Comment by HS — February 12, 2009 @ 10:41 am

  2. Way to go! You are another step closer!!!

    Comment by kdmoffett25 — February 12, 2009 @ 11:02 am

  3. Isn’t it a great feeling? I am doing that one card at a time, but I can only imagine the feeling (well, truly, I’ve been there before so I know) of getting it ALL paid off. Good work!

    Comment by 444 — February 12, 2009 @ 11:05 am

  4. Congratulations! That is great.

    Comment by Missy — February 12, 2009 @ 11:13 am

  5. Wow!
    A big congratulations goes out to you. You truly will be debt free in 2009! It’s only february!! Now you can increase your car payments a little. Is this the only other debt you have left? I think I might pay off one of my accounts this month but i still have a ton left! Congratulations once again

    Comment by debtor — February 12, 2009 @ 11:22 am

  6. Hi there-Absolutely fabulous news-a big woo-hoo for a Paid In Full!! Lots of congratulations, because I know what a massive acheivement it is. Very well done and keep up the good work. I too, will only use mine if I can pay it in full-when you have a workable budget, it should be achievable to use your card in this way.

    Comment by sharon rose — February 12, 2009 @ 11:25 am

  7. @debtor – After the car we only have our mortgage. I think once the car is paid we will start a mortgage pay down but I’m not sure how aggressive we will be to start off with.

    Comment by ambercouric — February 12, 2009 @ 11:34 am

  8. Congratulations!!!! That is awesome news!! Yay for you!!!!

    Comment by Money MInder — February 12, 2009 @ 11:48 am

  9. congratulations!

    Comment by louise — February 12, 2009 @ 12:17 pm

  10. That’s wonderful news, congratulations!

    Comment by debtdieter — February 12, 2009 @ 12:55 pm

  11. Wahoo!! Terrific news 🙂 Congratulations. It’s a great feeling isn’t it? I paid my Visa off and am really happy, but like you didn’t cut it up. I think it’s important to have one and if used wisely can keep your credit rating in a positive.

    Can’t wait to hear more Debt Down news from you!! 🙂

    Comment by Annie — February 12, 2009 @ 1:29 pm

  12. Big, huge, congratulations!

    Comment by Miss M — February 12, 2009 @ 2:06 pm

  13. Way to go! “Paid in full” credit cards is no small feat. You are well on your way to financial peace!

    Comment by rtc — February 12, 2009 @ 2:14 pm

  14. What an accomplishment! Congrats. 🙂

    Comment by Double L — February 12, 2009 @ 4:31 pm

  15. Congratulations!!! This has to be such an awesome feeling for you.

    Comment by cheryl — February 12, 2009 @ 5:25 pm

  16. wonderful news!!!!!

    Comment by missy — February 12, 2009 @ 7:00 pm

  17. Congratulations! That is amazing progress!

    Comment by Penny Wise and Pound Foolish — February 12, 2009 @ 7:50 pm

  18. Awesome!

    Comment by Over the Cubicle Wall — February 12, 2009 @ 8:54 pm

  19. That’s awesome! Congrats!

    Comment by Kristen@The Frugal Girl — February 12, 2009 @ 9:17 pm

  20. Yay! What a great feeling! Now that car payment will be gone in no time! Great job!

    Comment by Cynthia — February 13, 2009 @ 12:39 am

  21. Congrats – that is amazing!!!

    Comment by jpkittie — February 13, 2009 @ 9:48 am

  22. Yeah! Congratulations!! I hope I’ll be posting the same thing in 3 or 4 more months.

    Comment by SimplyForties — February 13, 2009 @ 1:37 pm

  23. Congratulations! Woohoo!

    Comment by Movingonup! — February 13, 2009 @ 2:44 pm

  24. Congrats!!!!

    Comment by Chicky Finance — February 14, 2009 @ 6:04 pm

  25. That’s great, congratulations. Do you have a rewards credit card of some type? I use my Chase Freedom card regularly, and pay it in full each month. By doing this, I accrue rewards points. Every so often, I redeem my points for $50. If you save up your points until you hit 200, you can redeem for $250. I did that right after I bought my house. It was a foreclosure and I did quite a bit of work before moving in. I charged all the materials, paid in full, and was well on my way to $250.

    Comment by momthing1 — February 15, 2009 @ 1:58 pm

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