Thursday, April 2, 2009
Less Debt = More Independence
One more card down! This morning, thanks to a generous engagement gift from my Grandmother, I was able to pay off my Discover card in full and send extra to my last (and biggest) credit card. I calculated the interest that I would save if I used the gift to pay off debt and it's as if she doubled the amount that she gave me I'm saving so much.
That means that in the past year that I have been seriously working to pay off my debt, I've eliminated two credit cards and my car payments to the tune of elimating $8000 in debt.
Photo taken from http://www.flickr.com/photos/kb-a/2799250369/