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Old 04-28-2010, 01:07 PM
terces terces is offline
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Default I did it!
Made the final car payment today. No other debt but the mortgage.

Bring on the savings!
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Old 04-28-2010, 01:59 PM
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Congratulations!!
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Old 04-28-2010, 02:33 PM
wanttogetbetter10 wanttogetbetter10 is offline
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That's awesome - congrats!!
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Old 05-03-2010, 01:40 PM
rizzmo rizzmo is offline
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Congrats.
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Old 05-03-2010, 02:49 PM
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Now, keep making that payment to yourself every month and save it towards your next car! congratulations!!
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Old 05-04-2010, 08:39 AM
terces terces is offline
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That's the plan. We actually used to have two car payments. Money was direct deposited in savings and then withdrawn by loan company on payment date. Once we had one vehicle paid off we were able to accelerate the other. Now I'm just gonna pretend the money isn't there and let it build up. If all goes well we won't be buying another car for at least 3 years.
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Old 05-05-2010, 01:32 PM
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woodie96 woodie96 is offline
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CONGRATS!!!!!

Isn't that such a breath of fresh air...NO CAR PAYMENT.....
say it again with me...LOL>>>NOOOO CAR PAYMENT.....

As imasaver mentioned and you discussed, just keep putting it back month after month for the next time you have to get a car.

CONGRATS again!
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Old 05-05-2010, 10:25 PM
jpg7n16 jpg7n16 is offline
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Good work!!
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Old 05-06-2010, 04:00 PM
nmboone nmboone is offline
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I'll be there too in a few short months! Congrats!
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Old 05-10-2010, 05:12 PM
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great work terces! We need a few more threads like this to keep people up to date on success stories!
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Old 05-11-2010, 07:10 PM
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maat55 maat55 is offline
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Quote:
Originally Posted by Ima saver View Post
Now, keep making that payment to yourself every month and save it towards your next car! congratulations!!
Diddo this.
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Old 05-19-2010, 04:42 PM
The Debt Classroom The Debt Classroom is offline
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Congratulations!!
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Old 04-02-2011, 08:41 AM
mariahpc02 mariahpc02 is offline
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Quote:
Originally Posted by terces View Post
Made the final car payment today. No other debt but the mortgage.

Bring on the savings!
Congrats! That is a good news. Even I also cleared my debts this month for my car and now happy
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Old 04-02-2011, 10:29 AM
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That's awesome! Congratulations!
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Old 04-02-2011, 04:01 PM
Frugal Frugal is offline
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Congrats! Wish so many of us did not have to have a mortgage to own a house, and we lived in the old days when people could actually pay cash for a house on medium salary...oh well! America isn't the same, and most people have to have mortgage debt to get a house...
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Old 04-06-2011, 06:47 AM
khosta khosta is offline
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That is so awesome!!! Good for you!!! Congrats!!!
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Old 04-12-2011, 05:57 PM
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Very nice What a great feeling, huh?
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Old 04-19-2011, 01:15 PM
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Good job terces. It feels good to drive a car you actually own, doesn't it? Now you're never ever ever going to borrow money again are you?

Make sure you save up an emergency fund of 3-6 months of your living expenses. That will help ensure that you never have to borrow money for unexpected expenses. Focus on building this emergency fund (if you don't have it already) before you build up a car fund.

Keep it up though. You're an inspiration. Thanks for sharing!
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Old 04-19-2011, 04:07 PM
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Congrats!! That saving will become addictive!
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Old 04-20-2011, 10:01 AM
terces terces is offline
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Its been almost a year since my original post of paying off my car. What a great year its been! And I am very proud of my family to have been able to live without that money and directly send it to savings. Its a good feeling to see it grow. Thanks to this forum for the inspiration.

Now if we could just sell the motorcycle (our stupid tax) I'll be doing the happy dance.
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