I made $160 on Ebay this month. I just transferred half to my savings and put the rest toward my CC. Since Jan 31 my CC balance has dropped from $1,773.87 to $890.76!
Way to go!! That is great!
I made $160 on Ebay this month. I just transferred half to my savings and put the rest toward my CC. Since Jan 31 my CC balance has dropped from $1,773.87 to $890.76!
So here is my new thought process, and I've decided to throw it on this board just to get some feed back of what you would do.
If you did (or do) have enough money in your savings account, would you use it to pay off your cc - and be completely out of cc debt and then just put the money into savings that you were going to put towards the debt? Or keep the savings account and just keep paying on the cc. The savings account would not be depleted, there would still be some money left in there. The cc has 0% interest, so there would be no savings on the interest.
I made $160 on Ebay this month. I just transferred half to my savings and put the rest toward my CC. Since Jan 31 my CC balance has dropped from $1,773.87 to $890.76!
I'd pay off the cc to get the psychological benefit of being done with it. I've had 0% balance cards that I put extra payments on just to be rid of them. I had two going last year- one for new counters and one for new carpet- and paid them off as soon as possible. It's just so nice to be rid of that debt and not owe money to those cards! Now I'm working down my truck payment and that's it besides the mortgage!
That's just my humble opinion though! Good luck with your decision. I'm so enjoying this board!
That is awesome!!! What do you sell on Ebay? I need to start selling if you're bringing in that type of cash!
So here is my new thought process, and I've decided to throw it on this board just to get some feed back of what you would do.
If you did (or do) have enough money in your savings account, would you use it to pay off your cc - and be completely out of cc debt and then just put the money into savings that you were going to put towards the debt? Or keep the savings account and just keep paying on the cc. The savings account would not be depleted, there would still be some money left in there. The cc has 0% interest, so there would be no savings on the interest.
So frustrating -- I subscribed to this thread but I'm not getting updates
I was worried we were going to owe taxes this year - never have but every year we get a little less back. Of course, every year we mess around with our withholding. Found out today we will be getting a good amount back. I already created a spreadsheet & accounted for every dime. I *heart* spreadsheets. And tax refunds
So here is my new thought process, and I've decided to throw it on this board just to get some feed back of what you would do.
If you did (or do) have enough money in your savings account, would you use it to pay off your cc - and be completely out of cc debt and then just put the money into savings that you were going to put towards the debt? Or keep the savings account and just keep paying on the cc. The savings account would not be depleted, there would still be some money left in there. The cc has 0% interest, so there would be no savings on the interest.
mommytoxzande said:Just wanted to share that I was able to make a nice payment to one of our CC today. I was able to pay off a balance transfer before the interest kicked. I am very happy to have been able to do that.
Congrats to all that are doing well and positive thoughts to those that have had some set backs.
megsoro said:After many set backs this year, I realized I make enough (or too little?!) to be qualified for free tax preparation. Both state and federal went through, so hopefully that'll be an extra $500 in my pocket to go towards the credit card debt I racked up in the last two months!
Suzanna1973 said:used the tax refund to pay off the van!!!
that's $500 a month to put toward other bills. We will be credit card FREE by december of this year!!! So happy!!!!
used the tax refund to pay off the van!!!
that's $500 a month to put toward other bills. We will be credit card FREE by december of this year!!! So happy!!!!
amazing. that deserves a dancing banana (or two because we know they travel in bunches).
i took a small loan last winter for my new used car and was thrilled when i paid it off in 5 months. the extra bill as small as it was made a huge difference.
i have a 3 paycheck month in march so i need to balance my account today and figure out how much i will be sending in towards my student loans.