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December 6th, 2006 at 06:36 pm

Hubby's vacation money came in. After the taxes (yikes!), I decided to let things sit for a bit and ponder it. I know we need to use some of it for repairs like new doors for the front and back of the house. But I thought I might be able to make increased payments on a credit card and push the process forward a smidge. Well, I worked with the spreadsheets for a while. I already had a sheet that automatically adjusted for payments and interest and another sheet that showed percentage of use. (See, I AM listening!) Hubby helped me set these up. Then, today I got curious--and then brave--I set up a sheet that showed interest paid on each credit card and totals. OUCH! I PAY THAT MUCH EACH MONTH IN INTEREST???? Facing the problem is the first step. Now, I need to figure out step two. A plan of action. I am motivated more than ever to do something about this. Look out credit cards....this is WAR!

Posted in Credit Card Debt Eradication | 7 Comments »

7 Responses to “Interest”

  1. tinapbeana Says:
    December 6th, 2006 at 06:38 pm 1165430330
    1165430330

    now you know why my blog is titled "Money Wars!"... me against the CC companies, baby! congrats on the 'windfall', and may the financial strategizing pay off greatly.

  2. janH Says:
    December 6th, 2006 at 06:59 pm 1165431580
    1165431580

    Thanks, Tina! I need all the encouragement you guys give me!

  3. rduell Says:
    December 6th, 2006 at 07:32 pm 1165433578
    1165433578

    Way to go, Jan! Just recognizing the facts is the first step. Now you have the knowledge and can use it to your advantage!

  4. janH Says:
    December 6th, 2006 at 07:41 pm 1165434076
    1165434076

    rduell, I am now realizing that knowledge IS power! Thanks!

  5. Ima saver Says:
    December 6th, 2006 at 07:48 pm 1165434495
    1165434495

    Good for you JanH. Get those suckers paid off. I did and now I pay them every month. I only charge the amount I have budgeted for charge cards. I write it down in a notebook and when I hit my limit, I stop.

  6. Aleta Says:
    December 6th, 2006 at 09:10 pm 1165439439
    1165439439

    And in the future if you need something and you have to take it out of your emergency, borrow from yourself and pay it back. Be your own banker. Good luck!

  7. Broken Arrow Says:
    December 7th, 2006 at 01:41 am 1165455681
    1165455681

    Go get 'em, Jan! Don't be shy about baring those claws. Wink

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