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Tag Archives: children and debt

One Year After Paying Off Credit Card Debt

one year after paying off credit cards

We’ve had so much going on for the last couple of months that I actually forgot our one year anniversary of freedom from credit card debt. We paid off the last of our $30,000 credit card balance on November 27, 2012 and haven’t looked back. In past years, we were able to pay off credit cards, but ran them back up within a few months. What happend this time that kept us out of debt? You Can’t Stay Out of Debt if You Don’t Have Goals We never stayed out of debt in the past because paying off Visa and Mastercard meant lots of available credit to buy more things. We didn’t have a purpose for our money. To keep free from credit card debt, you have to know how much you make, how much you need to spend for necessities, and what your short and long term goals are. If you know what you want to do with your money outside of shopping to cure boredom, it’s easy to plan how to get there. When you don’t have a purpose for your money, it’s easy to spend it on silly things. Now I know exactly how much I have to ...

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