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Realization as struck

July 4th, 2006 at 09:17 pm


I have come to the realization that you really cannot save if you have all this damn (pardon me) cc debt. Even though I only have two active accounts left to pay off and then one charge off, in which I have not included in my balance due for CC ...it is enough to drive you crazy. I plan on paying off CC2 next pay period if it kills me. I just realize as well, that school will be starting really soon (August) and all I have saved is $107.00 towards my tuition which is not even equivalent to half of my tuition or books, so I have to up my game now seriously. I mean I have got to cut corners some place. Since the new month I have not eaten out so that is a plus and I have been eating leftovers since Sunday; I can't imagine what else to cut. I refuse to buy any books this month, and I refuse to deduct from the challenge/new home account unless it is an extreme emergency. So we will have to wait and see. Hopefully I will have at least $75.00 left over by next pay period and I can add that to the education account

Posted in Reaching Financial Freedom, | 2 Comments »

2 Responses to “Realization as struck”

  1. jerbo_69 Says:
    July 5th, 2006 at 12:55 pm 1152104113
    1152104113

    It doesn't make sense to try to do that anyway. CCs will be charging you 15 - 20% in interest while your savings will only be earning 1 - 5%. Pay down your debt first, then build up your savings. You win all the way around.

  2. veronak Says:
    July 5th, 2006 at 06:16 pm 1152123377
    1152123377

    Thanks Jerbo,
    you're right

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