a momentous occasion.

11 03 2010

maybe momentous isn’t the right word… but today brings a small amount of warm fuzziness to me today, because the highest of my high interest credit cards has finally dipped below the 5 figure mark. not actually that impressive, as it has been 5 months since i placed my debt up on display for public ogling and judgement… and it was at $10,640.29 when i started. but for me, this is a semi-major achievement. i’ve had the card since i was in my early twenties, and i haven’t seen it at a 4 figure balance for YEARS. mostly i would just pay a little… then buy a little. and so on. i’m sure they love me down at the credit card company. me and my 20% interest rate.

but this time, i’ve been plunking down my slightly higher than the minimum payment for 5 months, and that little bitch remains frozen solid in my freezer. and according to my favorite financial advice/calculator site, even if i can never pay any more, even if i never do anything different than exactly what i’m doing right now… in 4 years, it will all be over. 10 years worth of damage completely gone in 4 years. and if i can up my payment by $100 a month, it’ll be gone in 2.7 years. now wouldn’t that be a little miracle?

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10 responses

11 03 2010
kitkat

congrats! what’s the cheapest thing we can do to celebrate? (asks the girl who just ate a leftover granola bar out of the supply cabinet for lunch…)

11 03 2010
bessmarvin

i thought we were going to the fabric store and then getting some greazy eggplant parm?

12 03 2010
kitkat

yeah, but we were already doing that…

11 03 2010
Lynn

Yea! That’s awesome Alli!

11 03 2010
bessmarvin

thanks! still pretty pathetic in the grand scheme of things… but i’m coming along. the enemy has been identified, and will be obliterated.

11 03 2010
Lynn

So many people nevvveeerrrr make the changes you’ve made and are making. Not pathetic!

11 03 2010
Wendy

Congrats! I know how you feel with trying to eliminate debt. I have been working hard to get rid of mine and understand how great it feels to get below the 10,000 mark. You will reach your goal. 🙂

12 03 2010
bessmarvin

thank you so much! i used to get bummed out about how slow it was going and then give up completely and start using my card again. now, my philosophy is that steps are steps, no matter how small, and if i just keep scooching in the right direction, i will eventually get there.

15 03 2010
Cindy

Absolutely! No thawing allowed.

15 03 2010
bessmarvin

they’re in lock-down for good. i promise!

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