It has been a long trip to where I am today when I made my lat credit card payment. I accrued significant credit card debt in college (not student loans) and then after getting married with a very crappy job, and basically living on credit cards. I was living on the east coast, paying a ridiculous amount of money for a tiny apartment and general cost of living. Since my job was work at home, I made the decision to find a nice community in the midwest and relocated. My monthly housing cost dropped from $1500 down to $500 - i went from a tiny apartment, to owning a 4-bedroom ranch. My overall cost of living also went down significantly. This allowed me to start paying more than the minimums on my cards. Surprisingly, my credit was excellent so over the last 8 years, I was able to move around the balance every 12 months to a 0 interest balance transfer card, so I paid very little interest on this balance.(other than 2-3% BT fees). I have also learned so much from this sub about frugal living, which further contributed to my ability to pay down my debt, and build a $15k emergency fund.
Edit: for learn balance transfer things you should check here
November 07, 2018 at 03:16PM
