Posted
Nov 14 2007, 10:01 AM
by
Donna Freedman
A month ago today, I became debt-free – made the last payment to a relative who had lent me some money. This loan had allowed me to throw a big chunk of cash against credit card debt accrued during divorce proceedings. (Lawyers bill by the hour, you know.) Once the credit card was paid in full, I started repaying the family loan. As money came in through diligence or chance, I’d let it build to $300 and then write a check. I'm not sure why $300 became the magic number; it just sounded good. Now I'm debt-free: no student loans (I'm blessed with a scholarship), no car payment (please let it last another six or seven years), no credit card debt (and there won't be any more). It feels about how you'd think it would: pretty darned great. 'A perpetual grin' This relative wasn’t dunning me. But it bothered me to owe money. Some people count sheep; at night I would lie in bed counting ways to stretch available funds to reach the next $300. Reading some postings from a Smart Spending message board
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