Comments on: Credit Card Debt Update – $10,698

By: Tricia

Tricia — Wed, 30 Apr 2008 01:38:01 +0000

You know…I wouldn’t have a clue on how to splurge with $750. Ok. Maybe there’s that LCD TV that keeps calling my name, but I told it to call back in a year or so

If we used half of it for something other than debt, it would go towards repairs for our house or maybe towards our upcoming business.

The current plan is to take $1,000 right off the bat at throw it at our debt. We’ll do some repairs around the home and then see what is left. Thank goodness our repairs are only minor and we can do them ourselves. But the little repairs add up.

By: Anonymous Reader

Anonymous Reader — Tue, 29 Apr 2008 22:52:10 +0000

Do necessary maintenance (houses in your harsh climate suffer), but throw the rest at the debt. The relief you will feel when it is gone will last a lot longer than any short-term pleasure from spending.

By: Law student

Law student — Tue, 29 Apr 2008 22:20:19 +0000

I hate to disagree with everyone but I DON’T think you should blow half of your tax payment ($750) on fun stuff. $100 maybe on a nice dinner if you really need the pick-me-up, but not the rest. I know your 0% credit card offer is only good until the end of the summer/early fall, and with the credit markets frozen, who knows how many good offers there will be out there? The more you can pay down now, the less you will have to pay later if you are stuck paying interest! I DO think you should do a little something nice for yourself — when your credit card balance hits $0 and you have money in the bank!

By: Dannalie

Dannalie — Tue, 29 Apr 2008 17:52:44 +0000

You are doing great on your debt! I can’t wait until mine is under 10k. I just reached the under 30k mark this week.

You should take a bit of the money and buy your self something! I totally agree with the other comments.

By: Rob Madrid

Rob Madrid — Tue, 29 Apr 2008 17:12:52 +0000

Wow. almost there, I agree with Da Big D, take a bit and splurge.

By: Ian "Family Man"

Ian "Family Man" — Tue, 29 Apr 2008 16:42:23 +0000

Congrats! It is so inspiring to see your progress. I only hope I have that much luck someday. Your Progress was a subject of a blog post today.

http://anotherdayoflife.com/2008/04/29/personal-finance-for-everyone/

By: Experts on Credit

Experts on Credit — Tue, 29 Apr 2008 16:42:18 +0000

I’m going to agree with Da Big D. Listening to the news every day on the way to work, I’ve been overly consumed by talk of the recession — and it’s depressing. I know it’s important to be smart with money, but it seems like you’ve had your ducks in a row for some time. Why not give yourself a little treat!

By: Da Big D

Da Big D — Tue, 29 Apr 2008 16:30:53 +0000

Why not take 50% of your check and do something for your husband and you? Do something for the two of you and enjoy yourselves. Then use the other 50% to pay down the debt. Look at it this way, you didn’t have the money before, so 50% of it is better then 0%!!!

By: arduous

arduous — Tue, 29 Apr 2008 04:10:55 +0000

Man you are just demolishing that debt! It feels like just a month ago you were announcing your halfway down landmark!