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Challenge Moolah

June 4th, 2008 at 01:39 pm

2008 $20 challenge:

$2,346.00 - 5/1

$ 100.00 - ROTH Contributions - June
84.00 - May Interest
$2,530.00 - Balance 6/1

This was my last big interest month, for a while anyway, as I pay back a $4k Balance Transfer this month.

Then again, it's not such a big deal. I should have a few thousand in the short-term fund around October - December. I also should received $2k from IRS (straight to savings) in a couple of weeks.

I also am saving much more come July.

So I figure that balance transfer will be easy to make up, soon enough. For the long run that was kind of the plan. Take the balance transfers while my cash was low. Eventually save up the cash to earn the same interest on my own.

Then again I still have a $10k balance transfer earning 5.7%. That will be a little harder to replace (the interest rate more than anything).

But, getting there...

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