$8,080.32 - Balance 7/12
$ 108.00 - Interest
$8,188.32 - Balance 7/31
$108 in interest this month. Very sweet.
Looking back earlier in the year it was $50/month and has slowly inched its way up over the year, helping my challenge greatly.
With $15k in balance transfers now in place, I expect closer to $120 next month. & in the $100 range for the rest of the year. Woohooo...
This is one of the smartest things I have done since coming here and working on my finances - finding a 5.3% - 5.7% interest rates for my cash. It's an easy way to make more money. When I had double the cash in the bank all we ever made was $40/month at most (1.5%???). So things are looking up. Just an area we were horrible with our finances before and are improving.
Are all the BTs worth it? It's not a ton of money, but at this point EVERY little bit helps. So I'll say yes, definitely worth it!!!
Interest for July