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CC vs Challenge

December 28th, 2007 at 01:44 am

I know I should be paying the cc with any extra cash I get but I feel obligated to add to the challenge, so I added $50 and paid $49 on the cc (I got paid from my part-time job today).
I decided that after the first of the year my entire check from my part-time job will be added to the challenge. I think it is best to go back to living on one check
I rerally need at least a total of $24k by November 2008 ($14k for a dowpayment and $10k for an EF). See I plan on gradating in December and would like to buy a townhouse as a graduation present

In the end new total for challenge is $7100.10 and CC debt $2981.93

Posted in , Debt | 3 Comments »

3 Responses to “CC vs Challenge”

  1. JanH Says:
    December 28th, 2007 at 02:28 am 1198808907
    1198808907

    That would be an awesome graduation present! You've done an amazing job on the challenge!

  2. scfr Says:
    December 28th, 2007 at 03:58 pm 1198857536
    1198857536

    Amber - How are your interest rates on the CCs? The reason I ask is that I wonder, if the rates are high, if it might not be a good idea to pay down the CCs before saving more for the house. It would mean a short-term setback for your house down payment money, but long-term it could mean MORE for the house because you would no longer be paying interest and could put so much more toward the house savings.

    I think you are doing great!!!

  3. Amber Says:
    December 28th, 2007 at 09:11 pm 1198876291
    1198876291

    Pretty good rates one is 0% until July and the other was low I can't remeber
    You are absolutely right SCFR

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