2009 was a year that we paid our student loans every month. This along with the $800 tax credit, and claiming Married 0 on our W4 (with 2 kids) gave us a sizable tax return. $3600 to be more accurate. Over there collecting a little dust was a credit card with a $3600 balance, so it just made sense to pay if off. And that's exactly what we did. There was some hesitation before doing it, since there are many other things that could be done with it. Things like landscaping, car repairs, decor, etc. But we did it anyways. And once again, it feels SOOOO good to pay off a card with that kind of balance in one fail swoop. As Dave always says, "it's easy going back into debt!" Clear it off, reclaim the monthly payment, and then figure out how to stay out of debt further.
I know many people would say "change your W4, so you get more each paycheck", and I've asked myself this too. But that money would not be going towards debt each pay period, let me tell you! We do not have that strong of a will, so I will have to settle for this method for now.
I hope you all did the same debt-clearing method with your return!!
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