I made all my credit card payments for the month of June. I went a little crazy and paid over $1,400 on my credit card balances! Last month ended with my credit card balance at $35,973 and this month I’m down to $34,522! Thank you Google and ebay for the extra money I made on my niche blogs!
I’m so close to being back into the $20K’s that I’m getting excited again. It’s great to see how far I’ve come and let me tell you owing $34,522 feels a whole lot better than owing $45,000! I can’t wait to feel what’s it’s like to being back in the $20,000+ range.
I’m getting back into writing mode and backlink building mode. I’ve been working on my other websites in hopes of making even more money online to payoff credit cards. I plan on scheduling a bunch of posts for my niche blogs and then moving on to develop some of the other great domains I have waiting to be developed.
I need to pipe in that I made $34 with my eHow articles. This is $10 less than I made with eHow in April but I”m still happy. I’m not sure if I’ve mentioned eHow before on this blog before? Ehow is a great way to earn a little extra money writing keyword targeted articles. I’m hoping to add another 10+ articles in June to eHow and bump my earnings up even more. My goal with eHow is to eventually have a couple hundred “How To” articles with them and earn at least $100 in passive income every month.
EHow is free to write for and you don’t need any HTML or special skills. You can write about anything you know how to do. Just sign up and start writing and you will soon be earning money! Before writing your first article I recommend reading this free eHow guide. You could spend money on other eHow guides but this one pretty much covers all you need to know to make money on eHow.
I have a confession to make! I made a shameless splurge last week. I’ve been wanting a Coach bag for over 5 years and I finally broke down and paid cash for a Coach bag. It’s my 14 year wedding anniversary gift to myself. LOL Don’t worry I’m not going into a spending free for all and definitely won’t be racking up any charges on my credit cards! My other purse was at least 2 years old and it was time for a change and I was in desperate need of a little splurge after all the scrimping and saving I’ve done over the past year.
Since getting on the debt free bandwagon, I’ve had my share of ups and downs. At times I’ve felt like giving up. My debt felt overwhelming, I was hopeless and thought things would never get better. I had serious doubts I could ever become debt free.
Feeling hopeless, I went online looking for a miracle or easy way to get out of debt and found none. I read about some dude named Dave Ramsey and I found a bunch of people just like me who were also up to their necks in debt, blogging about all they were doing to get out of debt. I even found some stories of people that had more debt than me, at the time I couldn’t believe it, I thought I had the most credit card debt but I was wrong! What was most inspiring were the stories of people that had debt like me but were now debt free. Those stories have changed my life!
Here’s some cool things that have happened to me since I stopped using credit cards, started living within my means and started paying off my credit card debt.
- I’ve paid off almost 20% of my credit card debt!
- I’ve paid off two vehicles a whole year early!
- I’ve paid off back taxes owed to the state of California 2 years early!
- I’m no longer afraid to answer my telephone! This is a biggie for me. Before starting my quest to become debt free, I was a real mess with bills, I didn’t care when or if they got paid (even when I had the money to pay them sitting in my checking account) and as a consequence I was getting all kinds of calls from bill collectors.
- I’m done paying late fees! No more monthly dings from Citibank, Chase or the GM card!
- I have all $34,000+ of my credit card debt locked in a low interest rates. I’m paying around $120 a month or less in interest on the entire balance! It pays to check the credit card inserts and move high interest credit card balances to a low interest balance transfer offer.
- I’m done being a sucker! I will NEVER have another car payment again. I don’t care if my car isn’t the latest model as long as it runs I’m happy!
- I’m happier! I feel like I’m taking back control of my life.
If you are wanting to get debt free but don’t have any idea of where to start or if you think you can’t ever become debt free because you don’t have any extra money to apply to debt YOU ARE WRONG! If I can do it then anyone can do it. I highly recommend reading Dave Ramsey’s - Total Money Makeover. He’ll show you the path to becoming debt free. The debt free path isn’t painless but its so worth it!
Total Money Makeover Workbook NEW Ramsey, Dave BOOK
The Total Money Makeover
The Total Money Makeover
I got so excited about my credit card consolidation and the low balance this consolidation left on my Chase credit card that I decided to do a credit card payoff and now I’m down to two credit cards! This is a HUGE balance to have on only two cards. I have my interest rates locked in really low - below 4%.
Credit Card Payoff Screen Shot:
Looks like next month my credit card payoff (payments) will have my credit card debt in the $34K bracket!!! How exciting is that? By the end of summer (providing everything goes according to plan) I should be down to $29,000 or so. I know I’m a LONG ways from being debt free but I’m starting to see the way out of this debt hole I’ve been living in.
