Comments on: Month End July 2006 Net Worth Update http://fromthered.com/2006/08/05/july-06-net-worth-update/ A Young Professional's Quest to Get Out of Debt Wed, 07 Jan 2009 11:39:44 +0000 http://wordpress.org/?v=2.0.3 by: red http://fromthered.com/2006/08/05/july-06-net-worth-update/#comment-21 Thu, 14 Sep 2006 15:51:58 +0000 http://fromthered.com/2006/08/05/july-06-net-worth-update/#comment-21 Ah, good question Dan. To which I have a few answers: 1. If I save $2 at lunch every day ($8 vs $10), at the end of the month I have an extra $20 or so to throw at my credit card debt. 2. I would love to apply for a cc with a low transfer rate, but sadly:sad: my credit situation will not allow it... yet! Hopefully that clears it up a bit, but really the bottom line is that I can eat healthy filling lunches for $8 without really giving up much. If I happen to goto a sit down restaurant for lunch (which rarely happens because I never have that kind of time), then I just save the $2-3 on soda or tea and get water. Ah, good question Dan.

To which I have a few answers:
1. If I save $2 at lunch every day ($8 vs $10), at the end of the month I have an extra $20 or so to throw at my credit card debt.
2. I would love to apply for a cc with a low transfer rate, but sadly :sad: my credit situation will not allow it… yet!

Hopefully that clears it up a bit, but really the bottom line is that I can eat healthy filling lunches for $8 without really giving up much. If I happen to goto a sit down restaurant for lunch (which rarely happens because I never have that kind of time), then I just save the $2-3 on soda or tea and get water.

]]> by: dan http://fromthered.com/2006/08/05/july-06-net-worth-update/#comment-20 Thu, 14 Sep 2006 15:37:40 +0000 http://fromthered.com/2006/08/05/july-06-net-worth-update/#comment-20 :???: really don't understand why you have several cc with high rate mean while you try to save 1 dollar at lunch. I will apply for a cc with low transfter rate, and move all other cc balance there. Then you can still spend 10 on lunch. :???:
really don’t understand why you have several cc with high rate mean while you try to save 1 dollar at lunch. I will apply for a cc with low transfter rate, and move all other cc balance there. Then you can still spend 10 on lunch.

]]> by: John http://fromthered.com/2006/08/05/july-06-net-worth-update/#comment-15 Mon, 14 Aug 2006 19:42:14 +0000 http://fromthered.com/2006/08/05/july-06-net-worth-update/#comment-15 Holy sweet baby Jesus. The good: You have it in one spreadsheet. VERY helpful. The bad: 30%. 26%. 25%. Every penny toward 30%. And never miss a minimum payment on the rest. What happens when you apply for lower-rate cards? Do you ever get "convenience checks" from CC4? Do they have a balance xfer option? I have been down twenty grand and I learned how to hammer down rates. Twenty grand at 0% feels a lot different. So long as you make your payments, you are considered very valuable to the CC companies, and you can use that to your advantage to negotiate lower rates. Please feel welcome to email me if you'd like to discuss the topic further. Holy sweet baby Jesus.

The good: You have it in one spreadsheet. VERY helpful.

The bad: 30%. 26%. 25%.

Every penny toward 30%. And never miss a minimum payment on the rest.

What happens when you apply for lower-rate cards?

Do you ever get “convenience checks” from CC4? Do they have a balance xfer option?

I have been down twenty grand and I learned how to hammer down rates. Twenty grand at 0% feels a lot different. So long as you make your payments, you are considered very valuable to the CC companies, and you can use that to your advantage to negotiate lower rates. Please feel welcome to email me if you’d like to discuss the topic further.

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