Friday, February 27, 2009

Paid in Full!




I stared at that screen for 10 minutes. I can't believe it. I want someone to pinch me.
My BOA Line of credit is paid in full!!!
Wow, when I started, I didn't think this time would come so soon. I'm very thankful to have found the PF blog community. I want to attack my BOA CC next b/c the promotional rate of 0% is ending soon and the interest rate (14.99) is higher than all my other cards. I also hate BOA so I don't want them earning any interest from me. I am so thankful to be rid of that 21.99% line of credit. I'll keep it open just because the credit available is huge and it helps my credit score. I should mention that I forget how finance charges work so I'm mentally prepared to expect a bill next month for finance charges. I can live with that.

I got my last check of the month and was able to look at my budget. I had an ending balance for February that was $269 higher than budgeted (yay for being frugal). I decided that 50% was going towards my credit card, 25% is going to savings and the other 25% is going to stay in my checking to give me some breathing space in march. I like this plan. I think it will help me a lot in a very painless way.

I got a shock when i logged into my mobile phone account this morning. I was told I owed $169.39! I almost fainted. My bill is about $55 a month. Sometimes I might go over by $10. The customer service person said I went over by 210 mins. I find that very hard to believe as I have mobile to mobile and most people I talk to use the same carrier. I guess I'll just have to wait till the actual statement comes out so I can go over it with a fine tooth comb.

All I know is that they won't be getting that money up front if it is indeed true! I have a corporate phone too, that I use to make calls so I have no idea how i could have gone over by that much. We'll just have to wait and see.

16 comments:

  1. Congratulations! I found your blog earlier this week and figured it must have been going on longer since it had, since your goals are being met so rapidly. And I think it's a GREAT plan to stick it to BOA -- they are not the best bank to deal with in my experience!

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  2. CONGRATS!

    I definitley respect the decision to put whatever leftover you have towards debt. I think I am going to start implementing that plan in March in hopes to pay down my CitiCard (rapidly approaching end of pomo APR) before July.

    Keep it up! :)

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  3. YAYAYAYAY CONGRATS!!! :D I bet that feels so good.

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  4. Congratulations.

    There is nothing like the euphoric feeling you get when an account balance goes down to zero.

    Keep up the good work.

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  5. This is awesome! Party like it's... 2009!

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  6. great work!!

    mydebtcomeback.blogspot.com

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Hit me with some tough love