Comments on: Debt Target Update: June 2008

By: PT

PT — Tue, 22 Jul 2008 15:39:38 +0000

@NtJS – Not behind. For my purposes I define “bad debt” as any consumer debt that is not paid of within the no interest terms and is incurring interest charges of 6% or more. So, in our case, the car loan debt was “bad debt.” I’m not referring to the accounting term of bad debt. Visit this page for more on “bad debt”

By: NtJS

NtJS — Tue, 22 Jul 2008 12:26:39 +0000

Feels great to take one out of the bank’s inventory, doesn’t it? Way to go!

One thing I’m confused on: You talk about paying off the remaining “bad debts”. Were you behind on these?

By: Kelly from Almost Frugal

Kelly from Almost Frugal — Tue, 22 Jul 2008 05:43:54 +0000

This post has been included in the Carnival of Money Stories at Almost Frugal. Please don’t forget to link back to the carnival!

By: Laura

Laura — Tue, 08 Jul 2008 21:54:28 +0000

Congrats! I’m so happy for you guys.

By: Happy 4th of July! And a link round up | Sense to Save

Happy 4th of July! And a link round up | Sense to Save — Fri, 04 Jul 2008 21:32:31 +0000

[...] Time Money paid off a car loan recently! YAY! We’re happy for ya! He’s working on paying off his other car soon. I know [...]

By: Sara - pension comparison

Sara - pension comparison — Thu, 03 Jul 2008 21:02:42 +0000

Fantastic news – I am really pleased for you!

By: deepali

deepali — Thu, 03 Jul 2008 15:57:34 +0000

Way to go! I sold my car in March and had a similar feeling, thinking about how I wouldn’t have to worry about future issues with it (ie, parking tickets!).

By: Momma

Momma — Thu, 03 Jul 2008 14:45:12 +0000

YAY! I remember how great it felt when we paid our mini-van off in January. Congrats!

By: FFB

FFB — Thu, 03 Jul 2008 14:22:31 +0000

Congrats on finishing off the car debt! I was so happy when my car was finally paid off. It meant I could take the payments and move them into savings!

By: PT

PT — Thu, 03 Jul 2008 14:18:58 +0000

Thanks, yall. Good luck in your goals as well.