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.


  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!


    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! :)

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

  4. Congratulations.

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

    Keep up the good work.

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

  6. great work!!


Hit me with some tough love