Comments on: In the home stretch – The Malibu is almost paid off!

By: moneymaker

moneymaker — Wed, 25 Apr 2007 01:14:19 +0000

wow. good thing you’ve paid it all. congrats to you.

By: Clever Dude

Clever Dude — Wed, 25 Apr 2007 00:47:10 +0000

Yeah, it’s hard not to go out and trade in the car for something new. This has traditionally been the time of year for me to want and actually buy a new car.

In July 2001, I bought my Acura. In March 2004, we bought the VW Passat. In March 2005, we bought the Malibu. In March 2006, we bought the Honda Ridgeline.

Now my wife wants a Mini Cooper (well, she’s wanted one for years).

By: Moneymonk

Moneymonk — Tue, 24 Apr 2007 22:14:23 +0000

Once you pay off that Malibu, stay away from accumulating any more debt.

Congrats to you Clever Dude, you will feel a since of relief, once you get that debt paid off.

By: Blain Reinkensmeyer

Blain Reinkensmeyer — Tue, 24 Apr 2007 02:51:26 +0000

Congrats CD!

By: Clever Dude

Clever Dude — Tue, 24 Apr 2007 02:13:16 +0000

Thanks!

We’ll be keeping the BoA card (formerly MBNA) because it’s my oldest credit card (about 10 years old or so). However, I have a few other credits cards I’m itching to cancel, but I want to wait until we pay off our other chunk of credit card debt (currently at 0% interest).

Regarding mortgage debt, it’s still debt and you all debt is ultimately bad. I can’t even think, though, of paying off our mortgage for a couple more years until the rest of our debt is paid off.

By: Chris

Chris — Tue, 24 Apr 2007 02:09:08 +0000

Big Congrats! Get out of debt and stay out of debt (except mortgage debt, of course).

Will you keep the Bank of America credit card once you get it paid off?