i am so proud of my self

[irmanator]

I checked my bank acct this morning and surprise my state refund is in there early. So i paid off one of my credit cards and as soon as they receive the payment i will cancel that one.

[texastek76]

Good work!

[vinnieg24]

oh im jealous, thats awesome! good job

[NDArmyGrrl]

Originally Posted by irmanator

I checked my bank acct this morning and surprise my state refund is in there early. So i paid off one of my credit cards and as soon as they receive the payment i will cancel that one.

Question what is the credit rate on that card compared to your other ones? Is it the highest? Also how long have you had it? Is it the most recent card aquired?

If it is the card you have had the longest it may be worth, just cutting it up so you cant use it but have it so that you have the history on your credit report.

[zakity]

Yep... Don't cancel it if you have had it for a while.

We have three credit cards that we can't cancel because we have had them since forever.

[JanH]

Good job! Congrats on the demise of the debt.

[Ima saver]

Good job and i agree, just cut it up, don't close it!

[vistashell]

Good job - great way to start the year by paying down debt. Now if only the rest of America could follow suit... we wouldn't be in such a predicament!

[irmanator]

well today my federal was in and i paid the other two. they were all small like 497, 804, 840. the 497 was the one i paid yesterday it was for an oreck air purifier, I don't see myself using that again because you can only buy oreck stuff with it. it was 12 mo no interest and i was nearing the deadline. (they got me cause i was suffering bad allergies when i bought it) the 804 was cause my fridge died while i had no money ... i will keep that card just in case. I can only use it at the appliance store so its not to tempting. the other was a long time card it is shredded, but not cancelled. i was going to pay my daughters braces with my refund but i can make payments on that with no interest so i got rid of the interest acct.

[dardhel]

Congrats! You are unlike the average taxpayer. I am still waiting for one elusive 1099 then maybe I can be in the same boat.

[LuxLiving]

irmanator, have you thought about changing your exemptions so that you get more in each paycheck and stop loaning Uncle Sammie your money all year for no interest??

Great job paying things off!!

[Aleta]

I agree with Lux Living. If you know the difference between your exemptions, you could keep that money back and put it in a separate account earning interest. You are giving the goverment an interest free loan. Better that it's in your account than their's.

[cicy33]

I know people push this keep your own money, not uncle sam thing. but for me I know that I am not that good at saving so it is a good idea for me to always have a refund. also, for us that is a hard thing to estimate as I have a job with taxes taken out and my husband works for himself. so we don't always know how much we will have taken out. And do be careful with your exemptions, if you claim to many you may not have ANY federal taken out and then you will owe uncle sam. State tax I have found is usually pretty close to what I pay in.

[kimiko]

Sweet!

I can't even file mine until 2/11, when they finish with the AMT "patch" thing.

[krayziebone33]

Good work. Heed the advice of many who have replied to this thread. There is some good information in here.

[jodi]

Great job!