It's a good day to rid yourself of debt!
 

I know it's not quite Cub related but I had to share! I'm excited today because, for the first time since I've been 18, I no longer have a vehicle payment (not 100% accurate, there was a period of about a month or two when I paid off my last car but then I dove right back into the American debt pool). Been putting away extra every month and that allowed me to pay off my truck 9 months early! Think I'll have a celebratory cold one tonite in honor :beer2:

Congratulations. It feels good to be able to actually save and manage your finances, doesn't it. Not having to worry about money day an night is also a big plus.


I've been debt free since 2012. It's great. (no monthly payment, no mortgage(paid off early), just my monthly utility bills, property rent(tax), insurance, and food/fuel expenses. At least I have something left over to save now.

Paying off a vehicle sure does feel good, right there with ya. Now if I could just put a dent in the mortgage and the student loans!:bash2:

I recently paid off my truck too. Just in time to spend money to refurbish my 100. It's the first time since about 2002 that I haven't had a payment on my vehicle.

Congratulations Ryan.

David

Happy for you my friend. :beerchug:

Haven't had a truck/car payment for a few years. Still don't have extra money! Lol I'm working a partime job saving that for wife's new SUV. That plus our tax returns for last few years will go to that next spring. Shhhhh I do dip into it sometimes for misc cub parts and tools! I worked for it! Lol we refinanced the house a couple years ago and it will be paid off in 9 years. Not sure what SUV we'll get just been looking for now.

Thanks guys, it's a great feeling to be debt free (except for you know, the house payment)! :biggrin2:

Congratulations Ryan! My advice, for what it is worth, is to take whatever your payment was and stash it back into an escrow account or some hidden account so that you are still in the habit of making the payment. Then when it comes time to purchase a new(er) vehicle, you will have a sizeable down payment and will still be in the habit of making payments. I paid my truck off early and did not have any vehicle payment for 8 years. Then, time for another truck and I have been living tight ever since, despite paying off one house and paying the other one down while working two jobs for the past 15 years. If nothing else, that extra savings can be used while you are "cub scouting".:biggrin2:

Cub Cadet 123

Good job Ryan. Sounds kind of UnAmerician though:biggrin2:
I can't keep ahead of my wife who thinks there is a money tree out back of the shop

Bought my last truck in 2007, and paid cash. It was my first and last new truck mind you. It's nice not having a payment, but seems even without one, the money goes someplace:bigthink:
If I ever need another truck I'm thinking about going used. New prices are just crazy high... but used isn't cheap anymore either...(derailed):biggrin2:
Congrats on owning your truck and being payment free:beerchug:

Looks like you and I are on the same page! One lesson instilled in me from a young age (and seems pretty obvious but today's society provides a good argument to the opposite) is always make more than you earn. I always stock some money away out of each paycheck but now that amount will just have to go up. Can never have enough saved! :beerchug:

Haven't had a vehicle payment in 10+ yrs. Credit cards went bye bye too. It is comforting to know, one does not have worry about making a payment in this day & age.
:beerchug:

Congratulation!

I would offer this view too:
If after you've paid off your vehicle you continue to save the money that you would have used for the payment then why not have a new vehicle? Why continue to drive a used vehicle when you're still making a vehicle payment to savings?
Your used vehicle is depreciating more and the price of new ones will go up while your money isn't making anything, with the low rates of interest today.

Choices, choices. At least we have them.

Ryan, congrats on the truck. Take care of it and drive it until the wheels fall off of it. Cars and trucks are a huge waste of money. Why buy a new vehicle and loose 30% as soon as you drive it off the lot. My personal truck is a 1994 Z71 with only about 175k on it and my 2 other cars have 110k and 180k. I'm 1 year 100% debt free and it is a great feeling. Time to tune in to Dave Ramsey for some good advice.:beerchug:

That's the plan! Barring any major event (trans or engine taking a dump on me) I plan to drive this ol' girl until she's given all she's got. Should have another good 80k to 100k in her as she's only at about 120,000. Keep them fluids changed, zerks greased, and body washed/waxed and she'll be a hand me down to the kiddo's one day :beerchug: