Credit Card Debt Update – Under $15,000

Yay! Things came together quite nicely the past few days.

- I sold a few things on Craigslist.
- The last few ING referrals I had were used (thank you to everyone who used one!).
- My husband received payment for some work he was doing.

That gave us enough money to put an additional $350 towards our debt today and now it stands at $14,899. I really wanted to do it right before my two-year blogging anniversary, but I’ll take being able to reach this milestone a little bit later :)

I’ve been bitten by the selling bug after sucessfully selling a few things through Craigslist. This weekend I’m working to get more things ready to list. Every little bit helps and I have my eyes on the next big milestone of breaking below $10,000 in credit card debt.

Posted by Tricia on February 16, 2008 at 10:27 PM in Debt Updates | 21 Comments »
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  1. Mar responded:
    Posted: February 16th, 2008 at 11:05 pm

    Congratulations! You have made AMAZING progress and it’s wonderful to watch it through your posts.

  2. Fianna responded:
    Posted: February 16th, 2008 at 11:42 pm

    YAY!!!! CONGRATS! You have done an amazing job at tackling your debt!

  3. Angela responded:
    Posted: February 17th, 2008 at 1:04 am

    I love your blog. There are not that many real, down to earth debt reduction blogs out there. I am going to post a link to your site on mine. I just started my blog about a week ago.

  4. Matt responded:
    Posted: February 17th, 2008 at 10:23 am

    Congrats – you should write a post about how you go about selling stuff on ebay and craiglist! I’ve done it in the past but I’d love to hear your stories about it.

  5. Dedicated responded:
    Posted: February 17th, 2008 at 10:36 am

    Hi Tricia! You are flying towards freedom now. How cool!

    If you got time could you shoot me an email &show me how to post ING links on my blog – its okay if you cant, just asking

  6. thehungrydollar.com responded:
    Posted: February 17th, 2008 at 10:56 am

    Congrats! I too have been bitten by “the selling bug” as of recently. I’ve been using ebay though. I just posted a blog about it. Check it out if you have time…

  7. Sean responded:
    Posted: February 17th, 2008 at 2:12 pm

    Congrats! You are an inspiration to us. Keep up the good work. I hope we are as determined and have the fortitude you have exhibited!!

  8. danielle responded:
    Posted: February 17th, 2008 at 7:27 pm

    Yay, Trish. I can’t wait to see only four digits up there.
    Keep up the good work. Craigslist is great.
    .

  9. texastracy responded:
    Posted: February 17th, 2008 at 8:46 pm

    Tricia-Have you ever read the book called “Confessions of a Shopaholic” by Sophie Kinsella? In a nutshell it is about a girl who shops her way into deep debt. She recovers by basically selling all she purchased. Rock on girl-keep selling! If it is dusty, get rid of it!! Contact me if I can help in any way. Also, I know you may be a bit fearful…but ebay may get you more money. Just a thought. Good luck!

  10. Jiggypete responded:
    Posted: February 17th, 2008 at 9:18 pm

    We’ve been working to pay off all of our debt for awhile now also. I have had great luck with Craigslist and Ebay. I love Craigslist because it’s FREE! Good luck paying off the rest of your debt. By the way, how much have you been paying off per month on average?

  11. JW Thornhill responded:
    Posted: February 17th, 2008 at 11:04 pm

    Congratulations of both reducing your debt to less than $15k and blogging for two year. It really motivates me to continue working towards debt freedom no matter how many set backs we have.

    :)

  12. Rick responded:
    Posted: February 17th, 2008 at 11:11 pm

    Tricia,

    Congrats looks like your well on your way. I wish every consumer I ran into was as educated as you are.

  13. Beth responded:
    Posted: February 18th, 2008 at 1:07 pm

    As a mini celebration gift, here is one of my favorite quotes: “A year is a small investment that may alter the course of many years to come.”
    (From The Artist’s Way at Work)

  14. CanadianKate responded:
    Posted: February 18th, 2008 at 2:32 pm

    I owe no money, nor have I ever had a negative net worth. But I’m really enjoying your Blog and am cheering you on.

    The frugalities and methods you are using to dig your way out of debt are many of the same ones that I used to avoid it. And when you discover something new, I double check to see if it can apply to me.

    As well, I use your blog as a money-management conversation starter with my 19 year old son who is still struggling to develop financial maturity. (I particularly loved your posts about your first credit card bills since he is on the cusp of getting his first credit card that isn’t shared with me.)

    Learning from the experiences of others, both good and bad, is a skill I’m hoping he’ll learn. Your bad habits/experiences have given you an opportunity to show that good habits, hard work and a bit of self control (ok, a lot of self-control!) can reverse mistakes made in the past. That is a great lesson to for me to share with my son.

    Thanks for letting us learn from you and to share your accomplishments.

  15. Ryan responded:
    Posted: February 18th, 2008 at 4:33 pm

    The biggest I have in mind is – What are you going to do with the extra cash flow when all the credit card debt is paid off and you’ve been use to living under your means for the last 3 years?

  16. Carol responded:
    Posted: February 18th, 2008 at 5:54 pm

    Congrats on your progress! Creating more income through selling is great! I provide daily motivation to reduce the urge to shop on my new blog.

  17. Wes responded:
    Posted: February 18th, 2008 at 6:25 pm

    What to do with the excess money? Was that the question? Well, first of all, you should have 3-6 months income in a liquid form stashed away. (ING CDs!) and AFTER that, you have some free money.

    Until you have a 3-6 month cushion, you are still staring at debt’s skull-like visage, even if his bony grip has loosened.

  18. Tricia responded:
    Posted: February 18th, 2008 at 6:37 pm

    CanadianKate – I have another post coming up in the next few weeks that I think will be great to show your son, as well as any others getting their first card.

    Ryan – I’ll reply in a post. I’ve been thinking about that lately.

    To everyone – thank you for your kind words :)

  19. N. & J. responded:
    Posted: February 18th, 2008 at 7:38 pm

    Glad you’ve had such great luck with craigslist and such. My fiance and I tried to sell some stuff on ebay and didn’t have much like in attracting buyers (although we had lots of watchers…) We’ve relisted the unsold items on craigslist and see how it goes. In the meantime we have been very successful with half.com although I will be happy when everything is sold!

    http://badhuman.wordpress.com

  20. What To Do With the Extra Cash When the Debt is Paid Off? » Blogging Away Debt responded:
    Posted: February 18th, 2008 at 10:11 pm

    [...] Ryan: The biggest I have in mind is – What are you going to do with the extra… [...]

  21. Rick Vaughn responded:
    Posted: February 24th, 2008 at 3:56 pm

    It is nice that you have the ablilty to sell some stuff. Motivates me to look thru the closet.

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