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$50 down, $4450 to go?

July 29th, 2008 at 12:17 am

So, I made that extra $100 today. $50 to savings! I decided that I need at least $4,500 in an emergency fund (that would give me $1,500 a month for three months), so my goal is to reach $4,500, and THEN relax just a little (while continuing to save, of course!)

Let me tell you a secret ... I haven't deposited the $200. In fact, the bills are sitting here on my desk, staring at me. I'm tempted to see how long I can go without depositing them ... unfortunately, I don't think that's going to be long. I have a car insurance payment this month. :-/

I got an offer for a 0% balance transfer CC until Aug. 09, and I'm tempted to get it to transfer my BOA CC balance to it. I currently have 0% on my BOA card, but that will adjust in August to 23.99%, I believe. *But* there's a 3% balance transfer fee. What do y'all think I should do?

Still battling the southern heat ... whew!

Happy Monday. :-)

3 Responses to “$50 down, $4450 to go?”

  1. gamecock43 Says:

    I am in the same boat you are with your 0% CC balance. If you owe $8,000 I say switch the balance. Me- I threw that question (what do I do?) to the forums and am waiting for a magic answer. Funny we can help other people's
    problems, but not our own.

  2. cargirl86 Says:

    The card I'd be transferring has $4K on it.

  3. gamecock43 Says:

    ok, we are in very similar positions, my card will have about $1500 on it when the intrest rate changes. The advice I am getting on the forum is not to open a new card, because I cant be trusted with it. I have to borrow the money from my savings to pay it off. Thats what my fiancial gurus tell me.

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