nidena
Senior Member
Joined: Dec 28, 2010 20:32:26 GMT -5
Posts: 3,586
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Post by nidena on Jan 13, 2020 10:55:17 GMT -5
I don't know why this is going as is - it looks really nice to me! The cedar shingle siding is peeling (a lot) and the bath tub needs to be reglazed. Plus, the carpet in two of the bedrooms is badly stained.
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nidena
Senior Member
Joined: Dec 28, 2010 20:32:26 GMT -5
Posts: 3,586
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Post by nidena on Jan 13, 2020 10:56:41 GMT -5
The good news is: I got an offer! I called my realtor because she didn't tell me what it was in her text and am now waiting to hear back.
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debthaven
Senior Associate
Joined: Apr 7, 2015 15:26:39 GMT -5
Posts: 10,383
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Post by debthaven on Jan 13, 2020 11:19:25 GMT -5
It's adorable Nidena!
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livinitup
Initiate Member
Joined: Sept 15, 2015 13:01:19 GMT -5
Posts: 96
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Post by livinitup on Jan 13, 2020 14:08:23 GMT -5
UPDATElivinitup 13-January-2020 $39,500.70 (15/9/2015 $66,614.90, C62)
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| 15-Sep-2015 | 20-Nov-2019 | 20-Nov-2019 |
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| Debt
| Interest Rate
| Initial Debt Amount
| Old Debt Amount
| New Debt Amount
| Paid since last update
| Paid to date
| % paid
| Loan 1 | 0% | 1,800.00 | -
| - | - | 1800.00 | 100% | Charge Account
| 0% | 645.50 | - | - | - | 645.00 | 100% | Credit Card
| 0% | 4,196.86 | -
| - | -
| 4,196.86 | 100% | Mom Loan
| 0% | 9,500.00 | - | - | -
| 9,500.00 | 100% | HOA Arrears | 0% | 6,000.00 | - | - | - | 6,000.00
| 100% | House Arrears
| 0% | 2,200.00
| - | - | - | 2,200.00 | 100% | Reno Loan | 6.75% | 25,101.16 | 38,308.94 | 26,702.94 | 1,606.00 | (1,601.78) | -6% | Rental Arrears | 0% | 15,500.00 | 9,000.00 | 9,000.00 | - | 6,500.00 | 42% | MasterCard | 19.25% | 3,471.38 | 1,173.40 | 3,797.76 | (2,624.36) | (326.38) | -9% | | | 66,614.90 | 38,482.34 | 39,500.70 | (1,018.36) | $28,932.56
| 43%
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Happy New Year everyone. I had a few financial set backs, new toilet, water pump and refrigerator repairs at the end of last year resulting in using the credit card to pay for unexpected vehicle repairs. All of which exceeded what I had in savings. This has set me back about 2 months but without the EF it would have been much worse. I am going to slow pay the remaining debt while I build the EF back up. Happy Racing all.
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chiver78
Administrator
Current Events Admin
Joined: Dec 20, 2010 13:04:45 GMT -5
Posts: 38,658
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Post by chiver78 on Jan 13, 2020 14:17:02 GMT -5
I'm stalling a little. the next shell move I wanted to make isn't available to me at the moment. my $21k limit BofA card had an offer for 1.99 until sometime in 2021, so I moved that balance over to the sky-high limit card. well, I went to make another move today and it wasn't there. so I think I wait a few weeks to see if another offer comes through. there's about $1k left on that card that didn't fit on the BT, so I'll wipe that out first. the $0 will be encouraging, even if it's a shadow $0. whatever. also, I forgot to cancel a $500 payment to that sky-high limit card. it wasn't necessary b/c the BTs were considered payments, and I could have thrown it elsewhere. grr...that's on me. I'll try to gather current numbers before I leave on vacation in a couple weeks. I'm really hoping that I find another offer in the BofA account, so I can consolidate a few smaller balances into one and minimize the interest paid to all of them. we shall see, I guess. today should be a numbers update, but I'm going to hold off for a couple of reasons. for starters, I can't access one of the accounts to get the actual number b/c that system is down today and tomorrow. it's fine. I was able to confirm that the promotional rate I mentioned in ^that post disappeared because the bureaus are reporting astronomical balances (even more so than actual) due to the series of quick moves. ok, fine. I'll wait a cycle or two to see if something else pops up. the more ridiculous thing to come out of that conversation was that I am able to make a move at the regular rate (11.49, I think? I'd have to check) OR - and I actually laughed at the guy for this - I could apply for a new card that has a promotion to start, and then I could move some available credit from the one I wanted to use over to the new one. yeah, hard pass on that, thanks. overall balance went up a little, as expected between an $800 car repair service last month and a couple of BT fees. it is what it is. I've got new payments mapped out for the year in my cash flow spreadsheet, and I'm encouraged by the Zillow daily reports in seeing how many people are not only viewing my listing, but *saving* it. I have an open house this coming weekend, too. something will happen soon. things happen in threes, no? first shasta closed, and now nidena has an offer. next is my turn!
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swordguy
Established Member
Joined: Dec 26, 2010 18:07:07 GMT -5
Posts: 446
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Post by swordguy on Jan 13, 2020 19:32:18 GMT -5
Mortgage lender got their act together at the last minute -- well, actually, a day later -- and we're scheduled to close on our new home on the 16th.
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,087
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Post by Rukh O'Rorke on Jan 14, 2020 8:14:11 GMT -5
UPDATElivinitup 13-January-2020 $39,500.70 (15/9/2015 $66,614.90, C62)
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| 15-Sep-2015 | 20-Nov-2019 | 20-Nov-2019 |
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|
| Debt
| Interest Rate
| Initial Debt Amount
| Old Debt Amount
| New Debt Amount
| Paid since last update
| Paid to date
| % paid
| Loan 1 | 0% | 1,800.00 | -
| - | - | 1800.00 | 100% | Charge Account
| 0% | 645.50 | - | - | - | 645.00 | 100% | Credit Card
| 0% | 4,196.86 | -
| - | -
| 4,196.86 | 100% | Mom Loan
| 0% | 9,500.00 | - | - | -
| 9,500.00 | 100% | HOA Arrears | 0% | 6,000.00 | - | - | - | 6,000.00
| 100% | House Arrears
| 0% | 2,200.00
| - | - | - | 2,200.00 | 100% | Reno Loan | 6.75% | 25,101.16 | 38,308.94 | 26,702.94 | 1,606.00 | (1,601.78) | -6% | Rental Arrears | 0% | 15,500.00 | 9,000.00 | 9,000.00 | - | 6,500.00 | 42% | MasterCard | 19.25% | 3,471.38 | 1,173.40 | 3,797.76 | (2,624.36) | (326.38) | -9% | | | 66,614.90 | 38,482.34 | 39,500.70 | (1,018.36) | $28,932.56
| 43%
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Happy New Year everyone. I had a few financial set backs, new toilet, water pump and refrigerator repairs at the end of last year resulting in using the credit card to pay for unexpected vehicle repairs. All of which exceeded what I had in savings. This has set me back about 2 months but without the EF it would have been much worse. I am going to slow pay the remaining debt while I build the EF back up. Happy Racing all. Glad you had the EF! That's what it's there for!! Hope your fortunes improve and you get back on track quickly!
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Rukh O'Rorke
Senior Associate
Joined: Jul 4, 2016 13:31:15 GMT -5
Posts: 10,087
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Post by Rukh O'Rorke on Jan 14, 2020 8:18:27 GMT -5
I'm stalling a little. the next shell move I wanted to make isn't available to me at the moment. my $21k limit BofA card had an offer for 1.99 until sometime in 2021, so I moved that balance over to the sky-high limit card. well, I went to make another move today and it wasn't there. so I think I wait a few weeks to see if another offer comes through. there's about $1k left on that card that didn't fit on the BT, so I'll wipe that out first. the $0 will be encouraging, even if it's a shadow $0. whatever. also, I forgot to cancel a $500 payment to that sky-high limit card. it wasn't necessary b/c the BTs were considered payments, and I could have thrown it elsewhere. grr...that's on me. I'll try to gather current numbers before I leave on vacation in a couple weeks. I'm really hoping that I find another offer in the BofA account, so I can consolidate a few smaller balances into one and minimize the interest paid to all of them. we shall see, I guess. today should be a numbers update, but I'm going to hold off for a couple of reasons. for starters, I can't access one of the accounts to get the actual number b/c that system is down today and tomorrow. it's fine. I was able to confirm that the promotional rate I mentioned in ^that post disappeared because the bureaus are reporting astronomical balances (even more so than actual) due to the series of quick moves. ok, fine. I'll wait a cycle or two to see if something else pops up. the more ridiculous thing to come out of that conversation was that I am able to make a move at the regular rate (11.49, I think? I'd have to check) OR - and I actually laughed at the guy for this - I could apply for a new card that has a promotion to start, and then I could move some available credit from the one I wanted to use over to the new one. yeah, hard pass on that, thanks. overall balance went up a little, as expected between an $800 car repair service last month and a couple of BT fees. it is what it is. I've got new payments mapped out for the year in my cash flow spreadsheet, and I'm encouraged by the Zillow daily reports in seeing how many people are not only viewing my listing, but *saving* it. I have an open house this coming weekend, too. something will happen soon. things happen in threes, no? first shasta closed, and now nidena has an offer. next is my turn! ooo - yeah I can see how that activity would impact lenders terms. You may need to take that into consideration with future moves!
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chiver78
Administrator
Current Events Admin
Joined: Dec 20, 2010 13:04:45 GMT -5
Posts: 38,658
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Post by chiver78 on Jan 14, 2020 8:55:32 GMT -5
in all honesty, I may not even make another move if the house sells soon enough. or if I do, it will be to consolidate a few of the smaller balances in one place but not til after I'll have paid off a couple of the bigger chunks so the overall total isn't so high. idk. this question probably can't be best answered until I have actual numbers to do the math, but ballpark discussion can still help my thought process. I'm trying to figure out the balance of how much to pay off immediately, how much to save, and then what's left to aggressively pay down as I go. house - payoff is ~$266k, listed at $375k, commission is 4% -using a $370k purchase price, that clears $99k (rounding for ease) CCs - other than the super high limit card I locked up at 5.99% interest, the rest are mostly $12-15k balances on cards with 12-17% interest. income - my base salary is $120k. we have two bonus structures, and as a manager-level employee, I am eligible for both. each is 15%, so that's another $36k before taxes if it pays out at 100% (I'm told that it historically always does, unless you're about to get fired) if I were to pay off the four highest interest rates completely, that is roughly $43k ( ) That would free up five large cards (b/c BofA should pull their heads out of their asses at that point) to hopefully prompt more 0% offers to move the remainder so I can minimize the amount of interest I pay as I continue paying as much as I am now toward the balances and actually get somewhere. I just added up what I paid out in Nov 2019, and it was $3000 - to tread water. thoughts? it probably isn't a bad idea to map out a rough path as I sit here and wait.
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snapdragon
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Post by snapdragon on Jan 14, 2020 11:12:01 GMT -5
chiver78 - you have a plan tentatively thought out which is good. Please make sure you put some of the money into a savings or retirement vehicle for your future. An IRA or MM or vanguard. Paying down debt is awesome but you also need to think about what you want/need when you get closer to retirement. I enjoy thinking about what I would want to do if I didn't have to work or only needed to work part time for human interaction. So what have you thought about doing or have you even got to that point?
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chiver78
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Current Events Admin
Joined: Dec 20, 2010 13:04:45 GMT -5
Posts: 38,658
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Post by chiver78 on Jan 14, 2020 12:13:46 GMT -5
no idea, seeking recommendations for that as well. I have a Roth (I think?) from having rolled over 401k plans. I know I want to keep at least $10k liquid in a high interest savings account. past that, I'm open to suggestions - including whether that $10k number is too low. thanks in advance!
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nidena
Senior Member
Joined: Dec 28, 2010 20:32:26 GMT -5
Posts: 3,586
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Post by nidena on Jan 14, 2020 19:40:53 GMT -5
Well, my counteroffer was countered. List price $149,000; original offer $140,500; counteroffer $145,000; counteroffer from buyer $143,000. So requested the closing date be changed from Feb 20th to NLT Jan 31st. Then I won't have to make the Feb 1st mortgage payment.
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swordguy
Established Member
Joined: Dec 26, 2010 18:07:07 GMT -5
Posts: 446
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Post by swordguy on Jan 14, 2020 19:46:21 GMT -5
no idea, seeking recommendations for that as well. I have a Roth (I think?) from having rolled over 401k plans. I know I want to keep at least $10k liquid in a high interest savings account. past that, I'm open to suggestions - including whether that $10k number is too low. thanks in advance! Great series, what regular folks need to know about investing in the stock and bond market. jlcollinsnh.com/stock-series/
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swordguy
Established Member
Joined: Dec 26, 2010 18:07:07 GMT -5
Posts: 446
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Post by swordguy on Jan 14, 2020 19:47:22 GMT -5
Well, my counteroffer was countered. List price $149,000; original offer $140,500; counteroffer $145,000; counteroffer from buyer $143,000. So requested the closing date be changed from Feb 20th to NLT Jan 31st. Then I won't have to make the Feb 1st mortgage payment. Are they paying cash? I don't know of ANY mortgage company that can get a mortgage done in 16 days. And if they find one, post who it is!
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nidena
Senior Member
Joined: Dec 28, 2010 20:32:26 GMT -5
Posts: 3,586
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Post by nidena on Jan 14, 2020 20:19:09 GMT -5
Well, my counteroffer was countered. List price $149,000; original offer $140,500; counteroffer $145,000; counteroffer from buyer $143,000. So requested the closing date be changed from Feb 20th to NLT Jan 31st. Then I won't have to make the Feb 1st mortgage payment. Are they paying cash? I don't know of ANY mortgage company that can get a mortgage done in 16 days. And if they find one, post who it is! Yes, cash.
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TheOtherMe
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Post by TheOtherMe on Jan 14, 2020 20:23:45 GMT -5
Good job on the cash. Can the closing company get things done by January 31st? That's a fast turnaround for one around here, even for cash.
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Maryland Monroe
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Joined: Dec 23, 2010 16:52:51 GMT -5
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Post by Maryland Monroe on Jan 14, 2020 20:42:29 GMT -5
no idea, seeking recommendations for that as well. I have a Roth (I think?) from having rolled over 401k plans. I know I want to keep at least $10k liquid in a high interest savings account. past that, I'm open to suggestions - including whether that $10k number is too low. thanks in advance! Dave Ramsey recommends having an emergency fund of 3-6 months' expenses. It doesn't need to be 3-6 months of income, just your usual expenses times 3 to 6. You decide how many months. Often it depends on your income, your job security, etc. Right now, mine is 3 months until I pay off my house this year. When I no longer have a mortgage payment, I plan to bump it up to 6 months. I'm retired, so I can't get an IRA, and I'll have to find another way to save for my older years. I'll think about learning about investments beyond the retirement account I started way too late.
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nidena
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Joined: Dec 28, 2010 20:32:26 GMT -5
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Post by nidena on Jan 14, 2020 22:49:51 GMT -5
Good job on the cash. Can the closing company get things done by January 31st? That's a fast turnaround for one around here, even for cash. My realtor spoke to their realtor and the consensus was that they could do it in two weeks.
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Works4me
Senior Member
Someone responded to your personal ad - a German Shepherd named Tara wants to have you for dinner...
Joined: May 5, 2012 12:11:37 GMT -5
Posts: 2,522
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Post by Works4me on Jan 15, 2020 5:46:37 GMT -5
May I join?
I've been naughty and have ended up with $4-5,000 on my CC. I also need to sell a home this year. Help!
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Deleted
Joined: May 20, 2024 20:10:16 GMT -5
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Post by Deleted on Jan 15, 2020 9:17:45 GMT -5
I've been debating joining this board but probably should have done it 7 months ago instead of waiting until now. I have a 0% card that expires in April that's been sitting at about 8K no matter what it seems. I've debated rolling it to another 0% card and continuing to pick away at it, but I'm not sure I want to do that because it didn't seem to work last year. I think I'm probably just going to raid savings to wipe out the entire thing which is going to suck.
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Deleted
Joined: May 20, 2024 20:10:16 GMT -5
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Post by Deleted on Jan 15, 2020 9:23:48 GMT -5
no idea, seeking recommendations for that as well. I have a Roth (I think?) from having rolled over 401k plans. I know I want to keep at least $10k liquid in a high interest savings account. past that, I'm open to suggestions - including whether that $10k number is too low. thanks in advance! You think? We are very different you and I. LOL How about with your current employer? Are you doing anything retirement-wise there? The debt should be priority, but you're in a high tax bracket too.
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chiver78
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Post by chiver78 on Jan 15, 2020 9:32:20 GMT -5
no idea, seeking recommendations for that as well. I have a Roth (I think?) from having rolled over 401k plans. I know I want to keep at least $10k liquid in a high interest savings account. past that, I'm open to suggestions - including whether that $10k number is too low. thanks in advance! You think? We are very different you and I. LOL How about with your current employer? Are you doing anything retirement-wise there? The debt should be priority, but you're in a high tax bracket too.
ha. I have the paperwork, and I look at the periodic reports for the account. I just can't remember what kind of account it is. it's whatever I opened when I rolled over the 401k from the place I worked for 14y. I have a 401k with my current employer, too. I'm contributing what they match for now, intending to bump that up once I no longer need that breathing room.
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Minnesotagirl7
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Post by Minnesotagirl7 on Jan 15, 2020 10:16:58 GMT -5
chiver78 - Hey! My $0.02: Depending on how old you are, you need to pay some attentionto your retirement as well. You're contributing to your current 401k and getting the match, I'd say that's perfect. Prioritize debt payoff for now, then max out retirementonce you're able. Figure out what type of account that old one is. Then start growing it! (this is the closest I could find to a plant!)
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steph08
Junior Associate
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Post by steph08 on Jan 15, 2020 11:49:25 GMT -5
UPDATE: steph08 [2] 1/15/2020 $15,814.02 (11/15/2016 $57,941.58 NE139) Bill (Interest Rate) | Start | Previous | Current | Difference | Normal Payoff | Monthly Payment | Big Student Loan (5.08%) | 18,337.66 | 0.00 | 0.00 | - | November 2022 | $298.59 | Small Student Loan (5.7%) | 4,585.95 | 0.00 | 0.00 | - | November 2022 | $81.81 | Truck (2.49%) | 18,995.89 | 8,912.36 | 8,515.02 | 397.34 | October 2021 | $416.19 | Van (3.6%) | 8,463.08 | 0.00 | 0.00 | - | October 2022 | $154.49 | CC (0%) | 7,559.00 | 7,559.00 | 7,299.00 | 260.00 | | $76.00 | TOTAL | 57,941.58 | 16,471.36 | 15,814.02 | 657.34 | | $1,027.08 |
Paid this update: $657.34 Total Paid: $42,127.56 Percent Paid: 72.71% Plugging away on the truck and doing what I can to that CC while also trying to save at a decent level.
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nidena
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Post by nidena on Jan 15, 2020 12:28:15 GMT -5
May I join? I've been naughty and have ended up with $4-5,000 on my CC. I also need to sell a home this year. Help! Hello! And welcome!
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nikiz628
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Post by nikiz628 on Jan 15, 2020 15:45:25 GMT -5
Update Race 4:
RACE #4 | INTEREST RATE | STARTING BALANCE | LAST UPDATE | THIS UPDATE | DIFFERENCE | Truck Loan | 4.8% | $24,945.53
| $23,826.33
| $23,535.20 | 291.13 |
NikiZ628(4) 1/15/2020 $23,535.20 (6/26/19 $25,195 WIRR197) Total Paid in 2020: $291.13 Total Amount Paid Off: $1,659.80
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TheOtherMe
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Post by TheOtherMe on Jan 15, 2020 16:29:34 GMT -5
I've been debating joining this board but probably should have done it 7 months ago instead of waiting until now. I have a 0% card that expires in April that's been sitting at about 8K no matter what it seems. I've debated rolling it to another 0% card and continuing to pick away at it, but I'm not sure I want to do that because it didn't seem to work last year. I think I'm probably just going to raid savings to wipe out the entire thing which is going to suck. MPL, I have used 0% cards. When I do that, I put the card away and do not use it for anything. I calculate what has to be paid per month to have it paid off by the time the 0% expires.
I've yet to pay the higher interest rate but I don't add to the balance.
Yes, I have other cards but those are paid off monthly. I know you had a lot of expensive stuff happening last spring. I hope none of that happens to you this spring
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debthaven
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Post by debthaven on Jan 15, 2020 18:33:53 GMT -5
I have used 0% cards. When I do that, I put the card away and do not use it for anything. This is what I wanted to say to chiver78 . Chive, you don't need 7 credit cards. NOBODY needs that many cards. That's what allowed you to get into this situation, again. You need to lose some of those cards as you pay them off, to ensure that you don't get into the same situation for the THIRD time (that we know of). Sorry if this sounds harsh my friend. It's only because I care.
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chiver78
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Post by chiver78 on Jan 15, 2020 19:23:03 GMT -5
I have used 0% cards. When I do that, I put the card away and do not use it for anything. This is what I wanted to say to chiver78 . Chive, you don't need 7 credit cards. NOBODY needs that many cards. That's what allowed you to get into this situation, again. You need to lose some of those cards as you pay them off, to ensure that you don't get into the same situation for the THIRD time (that we know of). Sorry if this sounds harsh my friend. It's only because I care. that was actually always my plan. I'm not sure how or why you thought differently...?
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ners
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Post by ners on Jan 15, 2020 19:35:44 GMT -5
Update Race 1
70643.78 (1/3/2011 $97,382.42 MPT5)
Down 267.59 this month.
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