I've had credit card debt for way too long. Two cards, one at about $3,300 and another around $4,600. And I took out a $10K loan for a 4Runner a few years back that I probably shouldn't have. Long story short, the car was pummled by hail in the spring, and totaled out. The insurance company called it a complete loss and cut me a check for $13,500 (which I thought was overvalued, but aparently they're worth way more in Colorado than in Illinois).
I used the money to pay off the rest that I owed on the car ($5,600), and my two credit cards. I've been riding my bicycle since they took the car away, and am feeling physically and mentally great. The check just cleared and I wiped out all three debts within five minutes. I feel so liberated. Now I just have to put all that money towards my student loans, and anticipate being debt free within three years.
I do want to say that subscribing to this forum kept my mind in the game regarding a debt free life. I've been chipping away at these debts, but this windfall was amazing and I feel like I just took the cheat tunnel in Mario to skip a few levels. Not having a car will be tough for a while, but luckily I can share with my wife when I need it, and ride my bike the rest of the time (13 miles round trip to/from work).
Thanks PF!
Submitted October 16, 2017 at 10:47AM by Goldenredhorse http://ift.tt/2ifdjzg
