I've done something financially that I've never had to do before. My and hubby's credit cards have been carrying approximately a $3000 balance respectively for the past three months that we just can't seem to get a handle on paying them down. We both have lines of credit that only charge 11.5% interest as opposed to the 19% charged to us by our credit cards, so I paid the cc's off with our lines of credit.
I don't really want to get into this mode, but for now it makes sense. Being stubborn about not going down that road would have defnitely cost us more in the long run.
The expenses all came from somewhat "obligatory travel" in the form of two weddings. Oh well - our term deposit is coming due as well as our tax returns. We should be debt free again come May.
Thanks for reading.
a new financial move for me
March 10th, 2008 at 01:05 am
March 10th, 2008 at 01:41 am 1205113281
Pay off your debt and live below your means and you'll be fine.
March 10th, 2008 at 03:43 am 1205120632
March 10th, 2008 at 04:54 am 1205124883