March 3, 2010 – Credit card debt free!

It’s been a long time since I’ve updated (proof  yet again of my inability to keep up writing projects), but I wanted to do a special post that means a lot to me:

I’M CREDIT CARD DEBT FREE!!!

Paid off my last credit card, Discover, 2 months ahead of schedule – yeah baby! Don’t know how I did it, as my work situation has changed due to the economy. Since last October, my work hours have been cut by 40% and so I’m operating on 60% of my usual income. It’s forced me to find other sources of income, namely selling on eBay.

I’m off Wednesdays and Fridays which I use to go through thrift shops and buy merchandise to sell. I’ve settled on mostly certain brands of clothing that sell well on eBay and generally have averaged $250-$300 net a month which does help. Last month brought in $500 net, which was wonderful but I think I’ve emptied out the local stores as my last 2 trips have not been fruitful. I guess they need time to replenish.

It’s a LOT of time and effort for not too much payoff, but I also do enjoy the time off, as well as hunting for treasures in stores. I’m pretty good about not buying stuff for myself during my trips, but I’m telling you, thrift stores nowadays are AMAZING bargains for clothes shopping! I can easily fill my wardrobe with Theory, BCBG, Ann Taylor, Club Monaco just from all thrift store shopping. I can’t imagine paying retail for these brands anymore! Sure, it’s still difficult because you only find one piece in one size, but if you’re diligent and enjoy the hunt, finding clothes that fit you is not a problem.

To get back to my remaining debt, here it is:

Student Loan $5437.93

Friend Loan $7200

Friend #2 Loan $8200

Conservative estimate of paying off is September 2011, but I will probably beat that by a few months. This has been a long and tiring journey, but I am proud of myself for getting this far.

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