Debt free…that’s me (at least with regards to ONE debt)

Posted on Jun 27, 2007 in Daily life, Finances | 2 comments

I walked into the bank and plopped down some cash that I had and said that I wanted to close out the loan. The balance left on the loan was a small amount but I felt so proud at being able to just have that dreadful reminder of a bad time in my life taken away.

I will no longer have to deal with that particular bank so I can begin to erase the experience from my mind. This is one less payment that I will have to send off every month and I can now take the money that was going to the Colt loan and apply it to my debt snowball and attack another debt.

The relief I feel right now is so great you really cannot begin to imagine. Hooray for me. I have one less debt to worry about. I have updated the Net Worth badge over in the left sidebar to reflect the changes. I have also updated my debt repayment chart over at No Credit Needed but I have not seen the new chart come out as yet.


  1. it’s always a good feeling when you pay off debt. yay! for you :)


    p.s. is there a way you can email my daughter and convince her to continue with her studies (university) she’s done with community college and ‘thinks’ she’s living the good life. :(

  2. Congrats on the debt reduction! Its always a great feeling to close out an account :) And as you said, time to move on to tackle the next one!


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