I think I’ve mentioned this before, but it bears repeating. Losing weight and paying off credit card debt are really similar. In both cases you’ve got a huge gap you have to cross little by little. Losing two pounds a week isn’t that different from paying off 100 dollars a week on a debt. In a sense, losing weight is like making up for exercise payments you never made. Your debt is in calories, not cash. Thankfully, your body doesn’t charge interest, but the credit card companies are not so kind.
While I’m still working on burning off my borrowed calories, I have finally slain the credit card debt monster! It’s ugly, scaly, corpse is dead and a cry of joy went out through the land. Today my final payment posted on the credit card debt I’ve had for a little over two years. Thankfully, most of that time was spent on 0% APR, so I didn’t rack up much interest. Though I might have trashed my credit rating a bit by opening a couple new cards. I’m not really sure. FICO scores are inscrutable.
My cash debt was due to may things – my dad and his expected financial support suddenly taking off at the end of college, the four months of unemployment before my first job, my sudden gall bladder surgery, a mouth with 12 cavities and no dental insurance, a broken transmission and a muffler problem – all of which happened within 12 months. Let’s just say 2003 was a shitty year. And the crap was really expensive.
I hated having the debt and hated that I was one of the idiots who swore she would never have credit card debt but ended up with thousands of dollars of it anyway. I am now ecstatic that I have finally paid it off. I still have surgery payments until July and a student loan that will take a couple years to pay off, but those have either no or low interest, so it’s all good.
Hopefully in a year my weight debt will be paid off too!