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Archive for December, 2008

0% BT

December 24th, 2008 at 05:35 am

I got a new credit card. Probably not the wisest thing I could have done but I think this past month has been eye opening in the 'wow I still can't handle having a credit card' way. Case in point, last month I racked up $1300 and I can only justify maybe $700 of it (plane tickets). The rest...it just 'happened'. So that card is going away for a time...but it's around for emergencies since my EF is struggling a bit.

One of my Citi cards had 0% BT offer until 9/1/09. So I got $2500 because I know I can pay that amount off by the due date...

It will cover the following:
$1100 to my friend's AmEx card for my half of a vacation we are taking in March that she paid for all of (with the knowledge that I would pay her back for my half).
$1300 to the new credit card.
And the last $100 wound up being extra but at the time I didn't know what all had cleared on the new credit card and I wanted to make sure I was covered. When all the dust settles, that will go back onto the card with the BT on it.

The plan...put all extra cash onto the BT card. Do not charge any more on the new credit card. (It's only still in my wallet because I'm going to attempt to fly out to my dad's tomorrow and with traveling I want to have that cushion in case I need it but I don't plan on using it.)

I get paid once a month on the 15th. After each payment that I make on the 15th I'll see if I'm still on track to pay it off by 9/1/09.

Right now, I'll need to come up with $322/mo in order to pay it off on time. On average, I have $240 on the 15th plus $135 on the 1st each month to pay extra on things. Plus I plan on taking half of my tax return and putting it on this card, while saving the other half for food/incidentals on my March vacation. I plan on posting an update after each payment from the check on the 15th. The goal of course is really to pay it off way before 9/1 so I can get back to the rest of the debt reduction.

We'll see.

Gas money...

December 13th, 2008 at 05:46 am

Ok so here's my tiny dilemma...

My current amount of gas money in my wallet is $35.

I'm not quite ready to fill again but might before the weekend is out. I always fill it at around half which is at most 10 gallons but usually more like 8.

Monday is when I pull the next $40 out of my account for the next two weeks gas budget.

The last time I checked, regular was at $1.659 so I should really have no trouble filling (when I do) twice on what I already have in my wallet.

I was reading an article about how some people deal with the lower gas prices, knowing that it's going to go back up, by basically pretending it's still $4 a gallon and stowing away the difference for later when it does go back up.

So part of me was thinking perhaps I should do something like that too, pull out the $40 on Monday and stash whatever is currently in my wallet aside for when it goes back up.

But the other part of me is thinking, why not just take that $40 and pay it as extra on something.

Any thoughts?