I am officially credit card debt free as I sent off a humongous payment to the very last card that I carried a balance on. It feels great to be free of that debt and the only thing I have left to worry about is the car loan.

I actually still have a balance at 0% interest on the card that I first used when I got LASIK and then later paid off and then used again to pay for the dental surgery for my wisdom teeth but I am not counting that balance in my debt load. The reason I have decided to ignore that balance is that I have all the money to pay for it already earmarked in savings. This money has been set aside in ING specifically for that credit card and although the final payment is due in December 2010 I will have the card paid off in October 2010. The card is at 0% interest so I am in no rush to pay it off in full right now as I can put that money to better use in the meantime.

I got rid of that credit debt through a number of strategies, namely:

  • Budgeting
  • Lending Club Loan
  • Sacrifices
  • Saving
  • Using the Debt snowball and
  • Snowflaking payments

I made the best use of my ING account and had payments sent every week to the credit card so that I did not have to think about paying. I paid a little more than the minimum and divided the payments into four weekly payments that I sent off every month. I simply set it and forgot about it until it was time to check to make sure that the payments had been clearing.

I sent off every snowflake payment that I could think of, including the money I saved by using coupons over to that credit card and now at last it is finally showing a zero balance.