WE ARE CREDIT CARD DEBT FREE! One more goal achieved!
I made it all the way to age 22 without touching a credit card but once I “discovered” Discover, things went down hill from there. Twice now I’ve had balance (just on the Discover card) of over $9,000. I even had to open a SECOND card with Citi bank to transfer the balance and avoid the crazy interest rates! Those games are over.
We cut up our credit cards early into our Dave Ramsey journey but it was hard and my mom told me I was crazy and needed to keep them for emergencies. I have yet to come across an emergency in the past year that needed me to reach for a credit card that our emergency fund didn’t cover.
Here’s an updated debt snowball – it is projecting us to be debt free except for our home by October 2021
- Roof Repairs
- Student Loans
- Medical Debt
I prioritized the medical debt last because it is 0 interest. We are currently cash flowing a bathroom remodel which will slow our progress a bit for May and April but we are still cruising and are in desperate need of an upgrade. I also consider it an investment in our home. You can catch up on that project here.
I gave away quite a few The Total Money Makeover books leftover from the blog giveaway. I brought them to work to hand out and all 6 were picked up by the end of the day.
While the stimulus check helped, we had the money set aside to pay off the credit card debt in March which was our original goal. The stimulus check just gave us permission to spend that money instead of holding onto it!Craig and I both still are employed, the bonus of being a farmer and a nurse, so while the stimulus check is not necessary for us, we are very thankful for it. I’m making sure to support our favorite local SMALL businesses as well this week to make sure I put some money back into the local economy.
This meant celebrating our debt free milestone by ordering supper from our favorite restaurant – Riverside. I did a whole blog post about it last Friday and you can find that here.
That’s all I have for today guys! I’d love to hear about where you are in your debt free journey if you’ve got one! Leave a comment below!