Entered my credit cards on spreadsheet
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Entered my credit cards on spreadsheet
| Sun, 08-31-2008 - 5:37pm |
I finally after years of looking at them entered my credit card figures into a snowball type spreadsheet.

"...if it means you are incurring more in interest charges than you are putting in a savings account it makes absolutely no sense.
I used to "round up" all my CC payments so I'd make it an even amount due, that way I was snowflaking all over the place. What happened, though, is I wasn't budgeting well enough to have money to last until payday. I'd use the CCs "just until payday",
here is my two cents
One I put away 1%of our income a month into saving. For us that is 30.75 a month.
Second I don't snow ball or flake any one bill in a month guess that is why I sometime feel that I am getting no where but on the grand scale of things I am .
My goal is to get the payments down each month until they reach 10% of our income a month. which is 311.00 This month they will be 387.00 down from 392.00 in August.
I use Quicken and if I do charge something on it I still take it off the balance as if I was playing it in cash.
There for none of my balances go up and then when the statement comes in I just deleite the charges take the money and pay the bill
Because of this I have not charged on a single charge card that has not beeen paid off in full since January when I borrowed the money for my teeth which is still sitting in the saving account until I get to feeling better to start that long and drawn out affair.
Mary Ann