As of 22 Nov I have another credit card completely paid off!!
$653.30 @ 17.99% with an annual fee of $39.00 (currently the annual fee is deferred because I'm deployed)
I've paid it off and now have only one more credit card to pay off.
$1698.82 @18.99
I will pay $400/mo towards this card starting in December. Although I am considering paying off this card outright as well. It depends on what my parents say because they are actually taking care of most of my finances.
Right now I currently pay $850/mo for my debt. After the credit card payoff and counting the deferment on my student loans, the amount that I pay for monthly debt is $566/mo. A $284 difference!!!
This will be going towards the interest rate debt that I have which is the other credit card. ($400)
That's four cards down and one more to go! WHOOHOO!!!
Also I will cancel my credit card (the one with the fees) and when I get a new rewards card with NO annual fee (hopefully through my credit union) I will then cancel the last credit card leaving me with only one card. The maximum limit I want is $1000. If they try to raise it more than that I already know that I can request them to lower it. That is my threshold for credit card limits.
Credit Card Paid Off!!
November 21st, 2012 at 05:42 pm
November 21st, 2012 at 06:12 pm 1353521578
November 21st, 2012 at 06:17 pm 1353521831
November 21st, 2012 at 09:09 pm 1353532144
While I understand the build-up of 'wish-to buy,' I hope you'll balance this with your YNAB plan for how you'll manage money going forward and when you return from deployment. While student loans are in deferment, is interest being added every month to the principal? Can you make arrangements to have even a small amount paid every month to the principal?
Take care of yourself, wishing you well
November 22nd, 2012 at 12:01 am 1353542514
November 22nd, 2012 at 02:35 am 1353551738
November 22nd, 2012 at 07:15 am 1353568540
thanks! i'm not even thinking about the interest on the savings. i just want the available cash. not everyone does the reduced interest rate unfortunately. and this card doesn't do anything less than 18.99%. some of the loans do have interest being added to them and i plan to still apply payments to them but i want to be in the states for at least one month before i do to make sure of the amount that i'll send to the loan companies.
shiela:
thanks!
luckyrobin:
it feels awesome!! =P
November 23rd, 2012 at 12:49 am 1353631769