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Challenge money...

December 26th, 2007 at 07:13 am

$20 challenge:

$9,468.87 - Balance 12/24

$ 175.00 - December Interest
$ 60.00 - Cash to Savings

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$9,703.87 - Balance 12/26
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Well, Interest posted for GMAC today. I did a large balance transfer mid-month, so had a little more interest than usual. I have one expiring in March or April so might have a few months of over $200/month interest in the interim. Sweet! Then it will be time to pay back Balance Transfer #1. Which is fine. I don't want to really juggle 3 balance transfers. But I took this one out in anticipation of the other one ending soon enough. I have a 5.7% rate locked in at the bank through October, so I will extend these out until October at the least. I don't intend to do any balance transfers in 2009. Let our FICOs rest, cut up the cards, etc. But I would do it again in a heartbeat. EASY money. Big Grin We might try again in 2010. Since I will now have all the BTs in my name, I am just curious what it does to my FICO. & depends from there how we proceed. If it doesn't make a blip I would consider doing one BT at a time for a while. More than 1 is just more work I guess. I am being optimistic mostly that the money won't be needed so much next year (well, 2009). It has been awesome to help build back up our efund though.

My mom also handed me $60 for groceries (Christmas dinner and such). Since I am just depositing it into the bank, it's challenge money. That was easy money too. Wink

We have a carseat to sell. So might get to $10,750 by year-end. We'll see! Not much else on the horizon.

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