Well, I did it. Paid off the last of our original credit card debt, in two major installments in the past two months. Payment goes out on Friday. That just leaves us with $1000 on the other card (the one we first paid off in February) for our upcoming vacation at the end of June. That will be done with by the end of the month.
Since last June, we’ve paid off four credit cards (two of Mr. Saver’s; two of mine) even though we’d been using them a bit in the meantime. We started with about $6,500 in total credit card debt between the two of us, neatly split between Mr. Saver’s previous balances and some costs associated with our wedding last April.
I know there are a lot of folks who throw much more money at their debt and would have it paid off faster, but considering we bought a house last June with 20% down, I think our progress was pretty good. A 1.99% promotional rate for six months helped cut down our interest payments. We paid off the two highest-interest cards first, then tackled the lower ones. I’ll be ecstatic in another two weeks, when the last $1,000 is finished off for good and we can put the nearly $800/month straight into our savings account.
Rainy-Day Saver Around the Web
Yakezie Roundup: Countdown to Baby Edition — Cool to Be Frugal (did you have that baby yet?)
Link love: Make no apologies edition – Girl With the Red Balloon (She’s getting married soon!)
Weekend Reading: Education Budgets, Organization, and Happiness — Consumerism Commentary (One of my favorite PF blogs)
Clifford The Big Red Blog — Your Finances 101 (great read)
Yakezie Carnival: Money From Around the World Edition — Foreigner’s Finances (View of PF from an out-of-the-country perspective)
Couple Money Weekly Round-Up: Leftovers! at Couple Money (I can relate to many of her posts!)
Posts that Piqued My Interest
Should You Grow Your Nest Egg Or Pay Off Your Mortgage? at Enemy of Debt (again, my fave PF topic)
Pay the Mortgage or Save? at Joe Taxpayer
Monthly Summary: April 2010 at Death to the Mortgage (I love to reach how he and his wife are aggressively paying down their mortgage each month)
We’re Buying a House at Free From Broke (good luck!)
Redecorating Your Home Without Breaking the Bank at Money Beagle
Mrs. Frugal at Cool to Be Frugal is hosting her first giveaway, a Pur Water Filtration System. I’d love one of those — we use the Brita filtered pitchers, but I’ve been wanted to move to a faucet-mount filter for a while. Head on over and enter the contest!