Thursday, February 14, 2008


I'm rolling over my big CC balance to a 0% interest card (finally found a card with a limit high enough that I can do this).

The smaller card will be paid off this year without a hitch, but this bigger one will take the two years, even knowing some things about how the financial year may turn in my favor here in a bit.

This was another thing the Old Man had on my list of things to do in order to get my finances in order. Even at 9.7% interest, carrying a $13,500 balance on a card means blowing through over a thousand a year in interest payments. Or, I could pay $420 right now and have 0% interest on the whole thing until I pay it off.

In the case of my smaller card, this wouldn't make sense because it will get paid off here in a few months, but this big one, even with a nice work raise and possible freelancing money, is going to take at least a year and a half. At least.

I did actually sit down and do the math, figuring I'm paying $550 month, plus about 10% interest, from now until December. That's still $1125 in interest alone from now until December.


Yeah, transferred that balance today.

I'm getting my financial shit together, people. It's just a pain in the ass.

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