Paid Off!

I recently paid off my car. I bought my Nissan Versa back in February of 2009 brand new for $13,000 after taxes, and it's been 5 years already of paying it off. When my balance got down to around $2,500 I had the idea to pay it off with my Citibank credit card which has a lower interest rate. Plus, the flexibility works better for me. If I'm furloughed from work or don't quite have enough money that month, I can just pay the minimum and not worry. With the car loan there wasn't too much flexibility since it was one set payment every month.



The next step is working towards paying off my Citibank card by paying $200 every month. I have a $8,000 balance at Citibank with the rest of the car on there now. I had 3 week Government Shutdown & then a 5 week furlough last year. I had to borrow money to pay bills so my balance got quite high. Now that the car is "technically" paid off I can work towards paying down my credit card. I also always give my tax refund every year to my biggest balance credit cards. So hopefully *fingers crossed* by next year I will be looking at a lot less credit card debt.