I mentally separated my two credit cards into “Legacy Debt” and “Newer Debt”. The former has been with me on a variety of cards, banks, and interest rates since 1997, but in the last couple of years I consolidated it onto one card that I haven’t used to purchase anything. I’ve been paying it off with nothing but the money I make from side jobs like writing for this blog, because I’m using day job leftovers to pay down the Newer Debt, which today stands at $3,158.62.
However, while I was arranging some spending money for our vacation this weekend, I found that my personal checking account had enough in it to bring the Legacy Debt card to $0. Actually it ended up at $0.68, because I was estimating the amount while waiting for a haircut:
Of course, just before I wrote this I sent another 68 cent payment, so by Saturday it should be exactly zero, give or take unknown monthly finance charges.
Now, I can plan to combine the “side job money” with the other $765 per paycheck that goes toward the Newer Debt, and I can decimate it that much faster. But before that happens, I think I should take a moment to reflect:
Photo credit: Bob Jagendorf
Updated October 13, 2016 and originally published May 7, 2010.