Congratulations!!! I would love to be able to pay mine off--love having no car payments. I've had this car for a little over 2 years so I have a while to go yet. Sheila

Wow what a great feeling that must be. I'm looking for a new to me vehicle right now, my poor old truck has done me excellent service but is desperately in need of retirement - but I am just going to buy it, so no payments here.
Congrats to you, Kathy - now what are you going to do with all that extra money every month?
Suzan J

Good for you Kathleen!!!!

Congratulations Kathleen!

That snowball is picking up more and more snow huh?

Retirement is one step closer for you!

Thats great!! There are times when I'd love a new car, but I don't want the new car payments! LOL

Me too. I need a new car. We usually take Mom's car because I'm usually taking her somewhere. But, I do want to get a new one for myself, so if I have somewhere I want to go, that she isn't going to too, I can go in something dependable. Mine is 10 years old now. I don't want a car payment at this time. I have a couple of other things to pay off first. Then I'll be okay with it.
Leslie

That's great Kathleen! Now you need to start saving for Alex's first car! lol

Suzan, that money will be going toward my other debts, hopefully will be debt free by the end of the year!!!

Nan, Yep, thanks so much for much for the DVDs you sent. Love that Dave Ramsey.

Leslie, I was going to buy myself a new car when this one was paid off and give this one to Alex but after listening to Dave Ramsey and reading his books, I've decided to save up for a used car for Alex, instead.

Good for you! I hate paying interest. If you're reading Dave Ramsey you're on the right track. He really knows what he's talking about. My DH enjoys listening to him.

Congrats to you!

Just DON'T tell your car it's paid off! That's when something goes wrong with it. Make it think you still owe on it. lolol

Congrats on reducing your debt. You will be floating on air when you get your other debts paid off. You have worked so hard and I'm really proud of you. You are setting a great example for your kids. Way to Go!

Don't you love it. I wish mine still had a new car smell! LOL! Both cars are paid for. We just need one more payment on Main Man's worthless Son's Car. (Then we cut him loose!)

Gayle

I'm doing the Happy Dance for you!

Congratulations!

Our truck will be paid off in December, I am soooooo looking forward to not having that bill anymore.

Isn't that a good feeling?

Lets Party!

Donna (^_^)

I also paid off another small credit card and just got off the phone with them to close the account out. They tried to get me to stay but I don't need to be in debt anymore. They wanted to give me all kinds of benefits...yeah right!

Terrific news Kath. Sounds like you're heading in the right direction to get debt free. Good for you girl!

We have not had any debt in many years but I sure do remember the feeling of paying a home or vehicle off. We had 3 kids to get through college so the payment way was all we could do at the time. Finally those years passed and we saved for the first of new crs. My last car I had for 10 years. Still a good running car for a neighbor. Got to pay cash for my new one and hubby has traded for a new truck the past 10 years and paid cash, too. This time we are retired and he will keep this one for a few years. We have never had a new home and not a ton of new furniture over the years. We have lived here for 40 years. I fell bad for the young kids today starting out. It has to be so difficult. I feel really blessed with my life..

Congratulations! woohoo!there are a lot of zero interest options out there too. but still, those are payments on a new car. D you have a trusted mechanic where you can have the used car for Alex checked out thoroughly?

That is good news Kathleen! You must feel great knowing that you don't have to make that payment anymore.

Anne

Kath, when I first came to KT you were working so hard to get thru nurses traing. It has really been a joy to watch you get to where you are today. Now you have reached another hurdle. I will be watching for the next one. Our prayers are with you and your family. God Bless You and yours. Velleen

Way to go Kathleen!

Kath, I was thinking the same thing as Velleen. I remember when you were looking forward to the day that you were out of school! It sounds like you are on the right track! I'm trying to get my car and our motorcycle paid off too. Paying extra each month to get it done faster. Of course now we only have one paycheck coming in instead of two. But we're are striving to be debt free too!

It's a wonderful feeling, enjoy it.

Wonderful news! We haven't had a car payment since 1999, seriously! Our "newest" car is my Explorer - 1997 - and we paid cash for that.

Very nice! What a great feeling that is!

Congratulations,isn't that a good feeling?? Mines been paid off 4 about 5 years.I have a 2001 Hyundai Sonata,and it doesn't even have 30,000 miles on it yet.I'm retired so it's my run around car and i don't do a lot of running these days.Then also when DH and i go somewhere together we always take the truck.You know men and their trucks!! LOL Ok by me though,saves my gas,wear and tear on my car,and it's a very comfortable truck(the Honda Ridgeline)

Kathi

Thanks! I was just so excited, had to come and tell you all here, you're all like family to me. It does feel great, got kinda worried, though...you know how when something good happens, then something bad. LOL! I went and finally got my oil and filter changed too and drove extra careful, thinking all the time I was out, "wouldn't it just be my luck to get hit by someone today."

Ditto to what Velleen said, and Jen, too, Kath! Congrats and drive that baby carefully.

You should feel very proud of yourself, 'cause we all are!

That sure is marvelous.
Grin from ear to ear because you deserve it.
Congratulations!

I was going to write just what Velleen did, so accept her posting double for me!

Great feeling, isn't it. I applaud you. Our house is paid for to all practical purposes..we make a very small payment each month just to keep the credit report active JUST IN CASE. My ten-year-old Camry has been paid off for about three years, the other two vehicles were bought for cash, and we have no other monthly debt, just regular living expenses. Freedom from monthly obligations is wonderful!

Well, YAY for you, girl! I'm happy for you. I agree with Jen - don't let it know that it totally belongs to you...cars get really persnickety when they don't have payment books to keep them grounded! LOL

Congratulations!
Remember when I paid off my mortgage and such a good feeling!

Congratulations! We paid off our Sienna few years ago and it was a great feeling. I'd love to have a new car, but when I think about the payments I say forget it.

I so wish our mortgage was paid off, but I don't see that happening for a long time!

That is great.. My CRV will be paid off in about 4-5 months and I can't wait. I hate having a payment so although I would like to trade my car in and go with something with better gas mileage I just don't want a payment. I took a 5 year loan and will have it paid off in 3-1/2 instead.... I can't wait to post the same thing!

Congratulations, Kathleen. As some have said, you're making good progress.

Next thing, as you say, get the debts paid off.

May I make a suggestion?

When the debts are paid, keep putting that amount away monthly for some time.

When car needs repair (and not right away, of course) you can write a cheque.

When it comes time for a replacement ... write a cheque.

When you pay interest ... you put bread on someone else's table, not yours.

My car, with just over 100,000 mi. on it, was 19 years old a year ago now when I bought it for cash.

Later, an accident involved having the rear wheel track crooked, but I felt that, with not a lot over 100,000 miles on it, there were many good miles left in it, so instead of following the financially wisest path of scrapping it, I wrote another cheque for more to have it fixed than the price that I'd paid a few months before to buy it. Mainly to avoid the waste of precious energy, plus addition to the pollutant and global warming problems involved with building a new one, when repair involves mainly labour.

No debt.

But when one nears 80 one is in trouble if s/he needs to use debt to buy stuff.

ole joyful