I really could have done this last month, but I didn’t. You may know that we started with a peak of $20,000 in credit card debt (I say “we”, but I mean “I”). I can’t remember the exact amount, but I left college with about $15,000 in credit card debt, and in the last 6 years, that amount peaked a few times at about $20,000. Mostly those times were our wedding, honeymoon, auto downpayments (at 0%), or other temporary large purchases.
Well, today is the day that we have less than $10,000 left in credit card debt! I just sent off a payment of $150 to Citibank, and our new CC balance is $9,852. Last month, the balance was $10,002.
I’m still considering which of our remaining debts to pay down first (2 student loans, CC, or Ridgeline). It looks like I’ll be able to get a decent balance transfer rate in November when the current 0% offer is up, so I may decide to pay down my student loan next, rather than the credit card debt.
But getting rid of that credit card debt is just so tempting!