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Paid off the first credit card

October 2nd, 2014 at 04:02 am

Can we all stand up and do a little dance? I have just paid off our first credit card in this journey. Granted, it was small, but definitely progress!

{Insert super embarrassing dance here}

It's been a few days since I checked in, but I just didn't have much to report since we hadn't gotten any paychecks yet. Today, DH got paid and yesterday we received our first payment from the rental service. Today was the second payment. It's a bit weird that they split it into two payments, but I'll accept money in any form.

So goodbye CC#2, hello CC#1. CC#1 will take more time to pay off, most definitely. But I dug myself in this mess, I'm responsible for digging myself out.

8 Responses to “Paid off the first credit card”

  1. alice4now Says:

    What a great start! Keep up the momentum!

  2. creditcardfree Says:

    Congrats!! Happy Dancin' with you!!!

    It does feel good to have a zero balance. Do you have an estimate for CC#1 on how many months it will take to pay off? If you are really motivated, it often takes less time!

  3. scottish girl Says:

    Woohoo!!!
    Are you snowballing your debt? Are you going to continue to pay CC2's minimum payment/or what you used to pay each month and put it towards CC1?

  4. SlurpeeLove Says:

    I don't have an estimate on how long it'll take. Based on what we pay month-to-month, about 6 months, hopefully less. But that isn't counting any of the extra money we'll be getting from renting out our extra car.

    We are snowballing and will be putting the payment from CC#2 towards CC#1 starting next month, so that should speed things up quite a bit. Also, holiday money will help as will any tax returns we get. Those aren't budgeted yet.

  5. CB in the City Says:

    Congrats! Your other credit card balances are not bad at all; you'll be there in no time!

  6. Ima saver Says:

    Congratulations, good job!

  7. Kiki Says:

    YAY!

  8. Firstofmanysteps Says:

    Congrats! Smile

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