Friday, February 03, 2006

Goodbye Chase...Adios Interest Payments

This morning I logged on to my online banking statement and was pleasantly surprised that not only was today Friday payday but that my tax return already went through and deposited into my account. It was a very joyous morning because with both the overtime money earned from the conference and the tax return I was able to pay off the remaining $1,500 on my Chase credit card with money to spare.

Hurrah! Hurrah! The interest payments are dead. Never again will I have to pay credit card interest (assuming of course that I am able to pay off the remaining balance on my 0% interest for 12 months card).

Only $7,500 to go until I can breathe again. As soon as the payment posts to my account I will call them to see if I can do the 0% balance transfer for 6 months to my account and move the money to my ING savings account. And yes...I promise to be careful! I will beat them at their own game.

I started my accounting class this week and so far I am fascinated. I know that sounds totally nerdy to say but it's true! What is wrong with me? Whenever I tell people that I am taking an accounting class they look at me with pity. Hopefully, I'll be able to maintain the enthusiasm throughout the course, but from what I can tell it will be immensely useful to not only my professional life but my personal finances as well. After I get out of debt I want to start investing in the stock market and the best thing about accounting is that it teaches you how to read financial statement so you can make wise decisions on whether to invest in a company or not. So stay tuned...

add to del.icio.us saved by 0 users

5 comments:

ncnblog said...

Hey! Great job on paying down your debt! Keep it up...
ncnblog.com
ncnpodcast.com

spaycee said...

Wow! down to $7500.. You are doing AWESOME!

Tiredbuthappy said...

That's great, Debt Defier!

mbhunter said...

Great progress, lpkitten!

We'd love to see you back at the Carnival of Debt Reduction! ;)

Want me to sign you up to host? Just send me an e-mail!

Gay Yuppies said...

Keep having fun with the accounting. It was a wise choice for a college major and has continuly served me well in the job market.