Paying off my Car Loan

Nearly a year and a half ago, I bought a new car. The safety of my previous car, which I'd been driving since 2005, was in question. I had been commuting between Austin and Dallas each week for over a year and my family wouldn't relent--they wanted me to buy a new car. 

I caved.

At the time of the purchase, I felt that a transition from a law firm to in house role wasn't far off. This meant that I was nervous about my future earnings, which is why I ended up taking out a low interest loan to purchase my new car even though I could have paid cash. 

In this instance, my risk aversion proved sound as the following events took place in the six months after I purchased my new car:

• I had a miscarriage that resulted in $6,500 in out of pocket medical expenses.
• I was hit by a SUV while walking across the street next to my office. The accident was a hit and run that resulted in a concussion and injury to my cervical spine.
• I was rear-ended on I-35 by an uninsured driver.
• I quit my job at the firm and took a position in house.

It took nearly ten months in my in house role to build confidence and a clear picture of what my earnings and expenses will look like going forward. 

The above is a long way of saying: I paid off my car loan last month and my new title arrived a few weeks later. Paying off this debt was a great feeling, although nothing will trump the excitement of paying off my student loans.

I'm down to just one debt: my mortgage.