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An end to credit card debt/ 2nd time credit card debt free

October 15th, 2013 at 06:47 pm

Things are going well at my contract job and so it looks like it will be going on for a bit longer.

Originally I was just going to stockpile money but now I see this opportunity to pay off my credit card debt again and it is an amazing thing to be so close to. It means to me one less payment I have to make when my contract job goes away which can be used to groceries.

Last time I had to pay $50 toward my credit card minimum and so I had $20 left to eat groceries. It was pretty gosh darn rough.

If the job goes on even longer than one month then depending on how much money is saved I will probably put my extra money in savings to build my cushion savings from 3 months to 6 months and build my EF back to 3 grand from the 1300 that it is at right now.

This next month is not going to be easy by any means but I will be so happy to know that I paid off my debt. I was credit card debt free once before and it did not last. This time I know it will since I have money in savings and did not touch my credit cards at all for the 9 month bout of unemployment I had. Weirdly or maybe not so I tend to charge on my cards when I have money thinking I will catch up.

After last weeks epiphany I do not think I will feel the need to do that anymore. I have been staying in my spending limits not buying things that I cannot afford right now. It has been so nice. And I know changing my mentality will mean I will no longer be racking up my credit cards.

My car loan is still $1500 over the worth of the car at the moment however I will reevaluate what I would like to do about that once the credit card is done depending on how long my contract employment will last and how much money is in my EF and my account with 3 months worth of expenses.

It feels so good to be that much closer to achieving my goals than sitting there in the negative because I could not wait to have something I thought I deserved or that I thought I needed.

2 Responses to “An end to credit card debt/ 2nd time credit card debt free”

  1. baselle Says:

    Great epiphany, so here is your next one:

    Complete one goal, celebrate, then move on to the next.

    When I was in your position, I tried not to mix up my goals or fret about the next while I was finishing the one before. You really want to give completing-that-goal its due. Not to say don't be quick about moving on, but mentally separate them.

  2. Permanent Temp Says:

    Thank you for the comment. I just reduced my CC debt in half about an hour ago and even though it was somewhat painful it feels really liberating to think I will no longer be paying the credit card companies!!! Just one more big payment and I'll be free!

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