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Update and some good news!

October 7th, 2011 at 02:47 am

I've been on vacation for the last week. My family and I went to Bermuda to celebrate my brother's 25th birthday. We've been planning this trip for a while and I was worried about what I would spend on the trip. Since we went on a cruise, all of the food and lodging were paid in advance. The only thing we had to worry about was gratuities, excursions, and any souvenirs.

I ended up spending a little bit more than I wanted to. I bought some art work which has been a habit of mine when traveling that cost $100. In all, I spent just about $200 including some other souvenirs. My brother charged the incidentals on the cruise to his credit card to get rewards. We used the card to buy some family photos, go on a onshore excursion and other things so I want to give him some money for that, maybe out of my October piddly money.

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I just made the final payment to my Discover card!!!!!! My goal was to pay it by Dec 31st but I came in almost 3 months early! My dad gave me $200 and my friend who I've mentioned before sent me a check for a total of $300 this month. I'm thrilled that I had an extra $500. I never count on this money since I'm not positive when or how much it will be but it's been pretty consistent (knock on wood). I also had some money laying around: $100 from my Rite Aid rebate checks and $45 in change that I rolled. Combine that with my monthly payment and I made a payment in the full amount of $685.35! I'm so happy!

In addition, my Discover card is offering a balance transfer: 12 month 0% APR and a 3% fee. I'm much happier about this transfer option than some of the other ones I've thought about. Since I just paid the card off, I have $4000 in available credit to play with. I think I'll transfer $3750 from the Citicard to the Discover card in hopes that I can move some available credit to my Simplicity card.

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I might reorder which cards I pay off first. I think I'll pay of US Bank next since it's so small. Then work on the BTs in the next couple of weeks, making sure that I factor in the transfer fees, etc. Once I have as much as possible on low interest account, I'll pay down the Citicard next.

2 Responses to “Update and some good news!”

  1. creditcardfree Says:

    Great job paying off that Discover Card!! Some people might have looked at those as extra funds to spend, but since you have your eyes of the debt free prize you knew just what to do. Nice job!

  2. scrappytappy Says:

    Thanks! Now that I know what my goals are, it feels easier to take those extra bits of money and reduce the debt rather than treating myself to something I want!

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