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How the weekend went

April 22nd, 2013 at 03:49 pm

Was it spectactular...no. I did go to Walmart. We needed some things at the house. I did buy lunch...but I used cash I had. I wrote everything in my "spending tracker." And I splurged on ice cream for dinner on Saturday. Husband was out and so I indulged...put that on the debit card. Not sure why I didn't use cash. So to make a long story short, I have 0.43 in my checking account after everything clears and I have $19.00 in my wallet.


Actually...I have a little more in my account. I have $52.68. I took my first payment from the shop in the amount of $52.25. So should I send that all to one credit card? Should I put in savings because we only have $1025.00? I just need to do something quick because I do not want that money to magically disappear on crap.

Posted in Budgeting, Debt, Personal Finance, Saving Money | 8 Comments »

8 Responses to “How the weekend went”

  1. creditcardfree Says:
    April 22nd, 2013 at 03:55 pm 1366646127
    1366646127

    What is your number one goal financially? Which ONE are you working on? If you are clear on which goal is your priority then the decision is easy.

    If it were me I would send it to your credit card with the lowest balance, but it looks like you might be working on credit card #1.

  2. rachel021406 Says:
    April 22nd, 2013 at 04:47 pm 1366649271
    1366649271

    I guess that is a problem...I don't have one. I want to get my debt paid off and build our savings. I think debt should be the priority but savings is still important.


    And #1 goes down faster because I have not charged anything to it. The other 2 I have used in a time of weakness and/or stupidity. But I would like to get #3 paid off because it has the highest interest rate.

  3. Esozh Says:
    April 22nd, 2013 at 05:03 pm 1366650216
    1366650216

    So put the $50~ on CC free - easy enough. And... why do you still have the credit cards? Why not just cut them up and throw them away? Would make more sense to me if you have an issue using them in moments of weekness/stupidity. Or, keep one and throw the others away.

  4. creditcardfree Says:
    April 22nd, 2013 at 05:40 pm 1366652448
    1366652448

    You will get to savings faster if you focus on your credit cards. But, if you think you need to save, then pick an easy amount and save it. Anything above that goes to the credit card you are focused on...pick one.

    And you will never get the cards paid off if you keep using them. That is a sign you are spending more than you earn. I think as you track more you will see where your money is going. Great job by the way, starting to track what you spend.

  5. Petunia 100 Says:
    April 22nd, 2013 at 05:55 pm 1366653316
    1366653316

  6. Petunia 100 Says:
    April 22nd, 2013 at 05:55 pm 1366653353
    1366653353

    Can you explain your sidebar?

    Where it says "Credit Card 1 $798.26...$351", does that mean the balance was $798.26 when you started but now it is $351?

    I would eliminate credit cards 1, 2, and 3 before saving more in an EF. (Exception if you are saving for an upcoming bill, such as your car registration in a month.) Your interest rates are high and your balances are low. Just eliminate them and get them out of your life. You'll be so glad you did. Smile

    I also think you should not be using your cards at all. There is no grace period when you carry a balance. So if you charge $20 today, it costs you additional interest, even if you pay an additional $20 with your next credit card payment. Stop carrying them in your wallet. Put them in a safe place and pretend they don't exist.

  7. rachel021406 Says:
    April 22nd, 2013 at 06:39 pm 1366655975
    1366655975

    Petunia - Yes, the first number is the starting number and the number after the --- is the current balance.

    Using my cards is really just an idiotic thing. I know not to use them. I have taken them out of my wallet as of Friday. The balances are small enough that I should be able to pay them off! I will put the $$ towards CC #3. It will be nice to have the balance under $200

  8. snafu Says:
    April 23rd, 2013 at 01:05 am 1366679153
    1366679153

    Terrific idea to leave those CCs at home. I too support getting CC # 3 gone, throw every amount you can as fast as you can. It's a wonderful milestone to have one balance conquered and gone. If it feels better split subsequent extra payments between CC and emergency fund. Spring is clear-out time, do you have items that you no longer use, no longer want? Will you consider selling on CraigsList? More cash to knock down the next card.

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