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

June 27, 2007 by Lulu in Daily life, Finances with 4 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. tanyettaJune 27, 2007 at 10:47 pmReply

    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. Shawn KnightJune 28, 2007 at 12:33 amReply

    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!

  3. Monthly update: June 2007 | How I Save Money.netHow I Save Money.netSeptember 23, 2012 at 9:06 pmReply

    […] thing I think that I had with regards to my finances in June was the fact that I was able to pay off the Colt Loan and close out that account. This debt was the smallest balance in my debt snowball and they are […]

  4. Step Four to getting Rid of Debt | How I Save Money.netHow I Save Money.netSeptember 23, 2012 at 9:10 pmReply

    […] interest rate has a very large balance and it felt like I would never be done. I did manage to pay off one debt completely so I was then able to apply that money to paying off the debt with the next highest balance.Pay […]

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