Trouble Maker Posted December 5, 2009 Report Share Posted December 5, 2009 Paid off my car about this time last year and started aggressively saving to pay off my student loan, my only remaining debt. I just submitted my payment of $10,979.88 to pay off my student loans. As soon as that payment goes through I'll be officially 100% debt free... Now we can start saving up for a down payment for a house to go into debt again. All part of the plan, didn't feel it wise to go 100k+ in debt when I already had debt I could pay off before we buy a house. Feel's good. :bangbang: Quote Link to comment Share on other sites More sharing options...
evan9381 Posted December 5, 2009 Report Share Posted December 5, 2009 i know how you feel...i paid off a car for the first time last month. all others either sold or paid due to insurance from an accident. only debt i have right now is my mortgage, and like $500 on a 0% CC i plan to pay off here in 2 weeks. Quote Link to comment Share on other sites More sharing options...
99ta Posted December 5, 2009 Report Share Posted December 5, 2009 must be nice to have $11k laying around to pay stuff off Quote Link to comment Share on other sites More sharing options...
Slimpsy1647545505 Posted December 5, 2009 Report Share Posted December 5, 2009 must be nice to have $11k laying around to pay stuff off I'm sure he was saving it for that reason. . not just "laying around" But on the primary note, grats man! I hope to be debt free one day too, haha! Quote Link to comment Share on other sites More sharing options...
Trouble Maker Posted December 5, 2009 Author Report Share Posted December 5, 2009 I'm sure he was saving it for that reason. . not just "laying around" Exactly. After I payed off my car I opened up a savings account specifically for this and started direct depositing $xxx/week. What was my car payment went into that savings account. Coincidentally I had also just moved into a place with my g/f and that saved some money, that went into the savings account. When how much I made changed for some reason I put that extra money in there. A turbo blew on my car (s4) that I had basically just paid off and I sold it (didn't get that much with a wrecked front end, blown turbo and 175k). I did that because I knew that car would cost me more money than something more reasonable. So I bought Ben's wife's sunfire. That also allowed me to spend less on gas and insurance (dropped down to liability). I put that money into my savings account. I wasn't joking when I said I was saving aggressively. 99TA, you could do the same thing too if you really wanted out of debt. It just takes making some hard decisions (like selling cars, not spending money on parts). This will help me with my long term and short term finical goals now that I have more of a focus on those. But on the primary note, grats man! I hope to be debt free one day too, haha! Thanks man! Just work at it and it will happen quicker than you think. Quote Link to comment Share on other sites More sharing options...
SpaceGhost Posted December 5, 2009 Report Share Posted December 5, 2009 Congrats! Quote Link to comment Share on other sites More sharing options...
wnaplay1647545503 Posted December 5, 2009 Report Share Posted December 5, 2009 Congrats, its a great feeling being debt free. Quote Link to comment Share on other sites More sharing options...
99ta Posted December 5, 2009 Report Share Posted December 5, 2009 yeah I know. I have 4 cars, only paying on one. will be out of cc debt by march. will beleft with student loans and mortg. with the low interest rate they are I am not all that worried about it. Quote Link to comment Share on other sites More sharing options...
flippy1974 Posted December 5, 2009 Report Share Posted December 5, 2009 Congrats! Quote Link to comment Share on other sites More sharing options...
Bam Posted December 5, 2009 Report Share Posted December 5, 2009 Nice, I've got the mortgage, but not much most normal people can do about that. Congrats though, definitely must've taken a big sacrifice to go from an S4 to a sunfire, don't know if I could've done that. Quote Link to comment Share on other sites More sharing options...
Crossle Posted December 5, 2009 Report Share Posted December 5, 2009 Good deal, great saving plan sticking with what you were used too and putting the extra away as it increased. Some people would find that hard. Quote Link to comment Share on other sites More sharing options...
Akula Posted December 6, 2009 Report Share Posted December 6, 2009 My house and my student loans are all I have. I own 3 cars and they are all paid off. I just wish I didn't have the mortgage. Quote Link to comment Share on other sites More sharing options...
Primera Posted December 6, 2009 Report Share Posted December 6, 2009 Nicely done :thumbup: I've only got a little bit of debt left on one credit card and I'm debt free...until I buy a house Quote Link to comment Share on other sites More sharing options...
Cordell Posted December 6, 2009 Report Share Posted December 6, 2009 I'm right there with you, my debt is finnally gone and I got the titles to my cars just yesterday. It's a great feeling. :thumbup: Quote Link to comment Share on other sites More sharing options...
TTQ B4U Posted December 6, 2009 Report Share Posted December 6, 2009 Feel's good. :bangbang: That's the key. Feel good and stay positive and good positive things will happen. Sounds like you focused on what you wanted and it's no secret that you achieved it. Nice job:thumbup: Quote Link to comment Share on other sites More sharing options...
Reed44 Posted December 6, 2009 Report Share Posted December 6, 2009 congrats man. that's a nice achievement there. im $6300 in credit cards and 11.5k on my truck. its stupid stressful. Quote Link to comment Share on other sites More sharing options...
KennyFKINPowerz Posted December 6, 2009 Report Share Posted December 6, 2009 Thats awesome man. I am so far under I can't even see the light at the end of the tunnel. Quote Link to comment Share on other sites More sharing options...
iwashmycar Posted December 6, 2009 Report Share Posted December 6, 2009 Thats awesome man. I am so far under I can't even see the light at the end of the tunnel. same here. i am still paying off interest on my loans so that i can get to the amount i borrowed lol Quote Link to comment Share on other sites More sharing options...
excell Posted December 7, 2009 Report Share Posted December 7, 2009 Congratulations Jesse! We're in the process of as well. If we can stay on it should be less than 2 years. :nod: Quote Link to comment Share on other sites More sharing options...
greg1647545532 Posted December 7, 2009 Report Share Posted December 7, 2009 Congrats, that's gotta feel great. Sounds like you did everything right, too (and doing it right isn't easy). Quote Link to comment Share on other sites More sharing options...
AWW$HEEET Posted December 7, 2009 Report Share Posted December 7, 2009 I know the feeling. Stick it to the bank man, fuck interest. Quote Link to comment Share on other sites More sharing options...
Wease Posted December 7, 2009 Report Share Posted December 7, 2009 Congrats! I've been "debt free" for a few months now. A mortgage really doesn't count against saying you are "debt free". It was my goal before my child was born. All 5 cars, the boat, and one of my houses I own outright. Just have the mortgage on the one I currently live in, but I'll have that paid off in about 14 years. So before I'm 50, I'll have it paid off as well. The only credit I deal with is my PenFed card, and I pay that off every month and get a nice cash back bonus from them based on my purchases. Good luck finding a house! Quote Link to comment Share on other sites More sharing options...
TimTaylor751647545500 Posted December 7, 2009 Report Share Posted December 7, 2009 Congrats! Only "debt" I have is my mortgage as well which is good seeing how I will be laid off as of 12/25. Nice job in sticking with your plan. Takes discipline no doubt. Quote Link to comment Share on other sites More sharing options...
iwishiwascool Posted December 7, 2009 Report Share Posted December 7, 2009 Congrats! Only "debt" I have is my mortgage as well which is good seeing how I will be laid off as of 12/25. Nice job in sticking with your plan. Takes discipline no doubt. Laid off on Christmas day?! The humanity Quote Link to comment Share on other sites More sharing options...
Main3s Posted December 7, 2009 Report Share Posted December 7, 2009 Nice!!! I've been putting any extra money I get on my car. It should be paid off here in the next 4-5 months (6-7 months early). It's hard to focus on the long term things like that, especially when the here and now side of things seems so much harder, but good things come to thoes who wait. Quote Link to comment Share on other sites More sharing options...
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