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Interest for July

July 28th, 2007 at 08:18 am

$20 challenge:

$8,080.32 - Balance 7/12

$ 108.00 - Interest

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$8,188.32 - Balance 7/31
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$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!!!

1 Responses to “Interest for July”

  1. Ima saver Says:

    I think it is a smart thing to do. Interest does add up quickly when you are getting a decent amount every month.

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