• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Clever Dude Personal Finance & Money

Clever Dude Personal Finance & Money

Family, Marriage, Finances & Life

  • Toolkit
  • Contact
  • Lunch
  • Save A Ton Of Money
  • About Clever Dude

Finances & Money

Major Milestone: Credit Card Debt

July 11, 2007
By Clever Dude
- Leave a Comment

I really could have done this last month, but I didn’t. You may know that we started with a peak of $20,000 in credit card debt (I say “we”, but I mean “I”). I can’t remember the exact amount, but I left college with about $15,000 in credit card debt, and in the last 6 years, that amount peaked a few times at about $20,000.  Mostly those times were our wedding, honeymoon, auto downpayments (at 0%), or other temporary large purchases.

Well, today is the day that we have less than $10,000 left in credit card debt! I just sent off a payment of $150 to Citibank, and our new CC balance is $9,852. Last month, the balance was $10,002.

I’m still considering which of our remaining debts to pay down first (2 student loans, CC, or Ridgeline). It looks like I’ll be able to get a decent balance transfer rate in November when the current 0% offer is up, so I may decide to pay down my student loan next, rather than the credit card debt.

But getting rid of that credit card debt is just so tempting!

Avatar photo

About Clever Dude

Reader Interactions

Comments

  1. Ms Broke says

    July 11, 2007 at 11:19 pm

    Wahoo! Big congratulations, Clever Dude… I can’t wait to be in your shoes 🙂

    Reply
  2. Mark A says

    July 12, 2007 at 10:11 am

    Definitely go for the Credit cards, the student loan debt will go so much easier and you will have less temptation to use the cards again if they’re at zero.

    Reply
  3. Clever Dude says

    July 12, 2007 at 10:32 am

    Mark, thanks for the advice. We actually don’t use credit cards for unnecessary purchases. We pay everything cash when we can. And when we can’t (or want to get rewards) we use cards, but pay it off within the month.

    All this debt was “legacy debt” from college. We had repayment plans for our wedding, honeymoon, and when we used it for other big purchases like a downpayment for my truck ($5k at 0%).

    Reply
  4. mapgirl says

    July 12, 2007 at 10:57 am

    Awesome! I’m working on it… working on it…

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Are you feeling the call to be a Clever Dude? Then, let's get down to brass tacks and explore what it takes to be one. Get ready for an in-depth look into the anatomy of someone who exudes cleverness!

There's nothing like hearing you're clever; it always hits the spot!

Best of Clever Dude

  • Our Journey to Debt Freedom
  • Ways to Save Money Series
  • Examine Your Motives Series
  • Frugal Lunch by Clever Dudette
  • An Illustrated Frugal Lunch
  • I'm Tired of Buying and Spending
  • 50 Tips for New PF Bloggers
  • Other Personal Finance Blogs

Footer

  • Toolkit
  • Contact
  • Lunch
  • Save A Ton Of Money
  • About Clever Dude
Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our newsletter and stay updated.

Copyright © 2006–2025 District Media, Inc. All Rights Reserved. Contact Us