Tuesday, 25 November 2008


I did it! I just did it...I did a $haronRose!

I just cut up my MasterCard! It's in half a dozen pieces on my desk. I couldn't stand it anymore, so pulled it out of my wallet, took the scissors to it and just did it.

There's still $53 owing on it (plus monthly fees of $6 - it's a secured card), so my plan is to pay off the remaining amount at the beginning of December (with my "free" paycheques), plus six months of fees, THEN cancel it. I'd already lowered the limit on it, but it's still too much of a temptation to keep around in my wallet.

And my mother called me yesterday and asked if books were fine for Christmas (I have my wish list on Amazon). I suggested either a Superstore or Tim Horton's gift card would be great alternates and instead she's settled on cash, most likely $1K!! :O Exceptionally generous...I'm going to funnel most of it towards a new(er) car, my travel account and my house account.

Although that would take care of my VISA card...hmmm...

Anyhow, I just had to share my news!


paradigmshifted said...

i vote for house downpayment! :)

Frugal Dreamer said...

Good for you for cutting up that card!!! :)

And 1k! WOW! :) How awesome!!!

I agree with splitting it across the board, that's what i'm doing with my large tax return ;)

debtfree2009 said...

I wish I had the guts to cut up the VISA. I just can't make myself get rid of it. I have only used it for large purchases and the occasional online purchase.

Canadian Saver said...

Congratulations on cutting up the VISA!!

And your mom is very generous! You could get the Superstore card, the Tim's card AND some books :-)

Sharon Rose said...

Hi there-just saw the fantastic news, a big woo-hoo and yaay to you!! So very very pleased and it gives such a sense of relief too! If you pay up the visa and cut that up too, that would be brilliant, but do whats best for your situation, you've already done excellent work here!!

Christine said...

It's a great feeling to cut up the cards, huh? And I haven't had the need or want to use them. Woo hoo to becoming debt free!

Congrats on your step up towards debt free!