Simple math that is helping me...

Community Leader
Registered: 08-25-2006
Simple math that is helping me...
8
Thu, 04-19-2012 - 6:29pm

I realize that this concept is pretty obvious, but for the first time I did a little math on my CC interest and minimum payment.

(p.s. I was denied the 0% offer on my current CC.

Serenity
iVillage Member
Registered: 07-27-2009
Fri, 04-20-2012 - 3:56pm

I do it the same way as you Marie, I like to make sure it is an even hundred or fifty, but if i can't swing it I will go for 75 or 25 :) DH thinks it is funny. In my mind it helps me keep track of balances to go with "even" numbers. Likewise with the .5s on treadmills, lol.

JenAaron.jpg picture by jen2075


iVillage Member
Registered: 12-31-2010
Fri, 04-20-2012 - 2:42pm
I am a .5er - I like to do 6.0 or 6.5 on the treadmill and I guess it is interesting that I try to send in enough to pull the amounts down to the next .25 level all the time. Say a balance is going to be 578, I like it at 575 better, or 550.
I don't know the daily interest on the debts we have left, I just try to make my payments even - like my car payment is to the next even 100 all the time.
#Marie
Community Leader
Registered: 08-25-2006
Fri, 04-20-2012 - 12:20pm
Ugh!!!

My promotional 9.99% is over and the interest went back up to 13.98%. Maybe this will work to my advantage and I can ask about another promotion, now that this one is over.

Well, time for more simple math. Sigh...

Serenity
Community Leader
Registered: 08-25-2006
Fri, 04-20-2012 - 12:11pm
I think control is the key word. Even in my biggest financial messes, I generally had everything written down. Always makes me feel better.
Serenity
iVillage Member
Registered: 11-14-2008
Fri, 04-20-2012 - 10:51am

Yes, it is whatever works and whatever motivates you to get to that next 100. Seeing it drop is very exciting! Seeing less interest paid is so satisfying.

iVillage Member
Registered: 08-24-2007
Fri, 04-20-2012 - 7:26am
Interesting. I've never really calculated it out. I'm not really in debt right now, so there's nothing to calculate, but it's still interesting to hear about the numbers. I love crunching numbers. For some reason, it always makes me feel more in control.

Ha, ha, that's the good thing about numbers : you can always count on 'em!

Kate


empty purse

Community Leader
Registered: 08-25-2006
Thu, 04-19-2012 - 7:56pm
Good to know, Bex, but will you only run in even numbers on a treadmill?

Something about 100's for me I think. Recently I paid an amount on a bill to get it under $200. I don't get too excited in middle. Or like my CC, it more like every $1,000 at this point. But $1,000 payments are impossible, so I went down to calculate by 100's.

Glad to know I am not the only one who calculates that kind of stuff.

Serenity
iVillage Member
Registered: 04-10-2003
Thu, 04-19-2012 - 7:17pm
I do the same! I have a large student loan and my daily interest is something like $2.98. Every payment I make lowers it by $0.02 (or something like that) so I keep an eye on it to see what happens!

Bex -