Tuesday, February 14, 2012

Sometimes breaking up is easy to do

Over the weekend I closed another credit card account. I had paid off the balance on the card last month and the statement I got last week confirmed a zero balance.

It feels really good to have one less bill and one less credit account. I thought about leaving it open for a while with the balance paid off. But I am no longer motivated by trying to improve my credit score. I just want out of debt -- permanently and forever.

It feels particularly good to get this account paid off because it is one of the accounts that was charging me more than 23 percent interest. But no more. And the account was easy to close too. The automated customer service line meant I just had to push a few buttons and give a few voice prompts over the phone. No person came on to give me the hard sell to try to get me to keep the account open. I wish every account I closed made it so easy to break up and say goodbye.

I opened the account almost 17 years ago when I moved to California. It was a department store account that I used to buy my first washer and dryer. Sometime later it was converted to a MasterCard account, so I could use it anywhere. That turned out to be a bad thing, because use it I did, too often and too many places. I think my last major purchase on the card was, ironically, another washer and dryer when I moved back to Oregon.

That washer and dryer are still working fine. In fact they seems to be working better than ever, now they I know they are completely paid off, along with all the other stupid, silly, irresponsible purchases I paid for on that card over the years.

Six down. Five to go. I've paid off about 38 percent of the debt I had when I started this journey in May 2010.

The next card on my hit list is the biggest interest rate bloodsucker of them all. I should be able to pay off this next account in about 8 months, if all goes according to plan. It will be a great pleasure to get that account paid off and closed.

I also got my taxes done over the weekend. This makes the second consecutive year I've done my taxes really early. I used to dread that task. Now, I couldn't wait to get them done, particularly if it means I can apply my refund to my debt. I'm impatient to get this crap over with and move on with my life.

It gets better, folks. Don't give up.

In some of my early posts on this site, I wrote a lot about the pain and aftermath of the breakup in a personal, romantic relationship. But I am not grieving the loss of these financial relationships. Sometimes, breaking up is easy to do.

1 comment:

Gene said...

Nice going.
Patience wins the day.

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