Congrats, wizardPC!! I'm a student at the mo, with a credit card. I learned from my parents what to do and what not to do...buy things on the card etc. I clear my Mastercard about every two months, and they have tried to up the credit limit, which I had the official at the bank make a note on my account to not let it exceed €xxx, that was where it helped! Only use it for buying stuff online (car parts 99.9%), and for the odd dinner out. I know how it feels having repayments, not nice, but I've got about €5k over 5 years on my 'student loan' (read car lol), which is perfectly manageable on + - €16k/year.
Many many congrats wizardPC, a fountain of knowledge there that I hope others take note of!!
1996 Volvo 850 T5 CD - Eventually I'll start....
you could like write a book on how you actally managed to get debt fre with the dave ramsey stuff...
Congrats, and now keep your hands off the plastic
Hehe, congrats. It's all about living inside one's means. Well done.
Wee little update:
Still debt free. Bought a 99 Jeep Cherokee for cash back in February. Paying cash for a wedding and the honeymoon in 6 weeks.
She comes with about $40,000 in student loans and credit cards. She'll be 24 and completeing her master's in the summer. It's like deja vu all over again.
I think I'm gonna set up a blog this time, rather than document it here this time. It's going to be harder this time, because she likes the idea, but she really hates it when I say things like "no, we can't buy that $1500 couch, we (I) don't have the money." She has a two-year-old-I-want-it!-moment for about ten minutes and then calms down. Just like I did when I started.
Fantastic! Aren't you glad you got rid of all of your debt just as the economy gets worse? If you'd kept on it, you probably would have bought a house with zero down and jacked up interest rates and be filing for bankruptcy right now.
Good luck with getting her on a debt-diet!
Good work mate. Good to see you are still at it. Best of luck with the wedding.
Never let the truth get in the way of a good story
Be sure to post a link to your blog once you get it up and running.