Friday, May 6, 2011

Financially Fit Friday

Emergency Fund - Stocked

Vehicle Fund - Stocked
  • I forgot to mention that we have money set aside to pay cash for a "new" vehicle from our tax return.  Having two vehicles is what's making it easier for me to work evenings for more hours and better tips :D

Colorado Fund (Goal is $500)
  • Deposited $19 of fun money
  • New Total - $259.16
Indiana Fund (Stocked)

Credit Card Beginning Balance 4/29/11 - $6031.08

  • $0 in spare change - I was too lazy, I admit, to go into the bank to cash it in. 
  • $500.00 in leftover tips and miscellaneous money
  • Current Balance - $5531.08
    • We've decided to call the credit card company to see if they will decrease our interest rate, versus us opening a new account with a new company.  We'll see what happens.  Dave Ramsey says not to transfer balances around because then you have yet ANOTHER credit card with chances of racking up more debt.  I'd rather not have the temptation. 
     *If you follow Dave Ramsey, he says no matter what to pay down your next lowest balance.  This is not our next lowest balance, but it's our highest interest rate one.  Now that we've paid off so many loans in the last 2 years, we believe this is a better route to go, where as our other loans have such a small interest rate on them, this is by far the worst "loan" we have.  So...Ready...Set...GO!

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