Some may call it the "Golden Ticket" and others will call it stupidity, but I am happy and relieved to have dropped off my final payments to Bank of America. Now before you get all excited for me, all I did was transfer the balances to another card. The good news is I went from 27% to 3.99% which will save an incredible amount of money. Essentially, I will be paying less than $40 per month in finance charges compared to ever $300. The bad news is this is not my credit card that I transferred it to; it's my mothers and I have 23 months to pay it off.
I'm not worried about paying it off in time. The payments equal what I'm currently paying every month. Any follower of Dave Ramsey knows that you should never lend money to family unless you're prepared to gift it or accept that you won't see it again. I took over a month to accept my mother's offer because of my concern on how it would affect her credit rating and the fine print her bank would put into such an offer. To guarantee that my actions will to adversely affect my mom's good credit, I am giving her an extra payment up front to act as a cushion. I will also roll over the payments I've been making towards my LASIK surgery as soon as that's paid off in October.
Showing posts with label credit/debit cards. Show all posts
Showing posts with label credit/debit cards. Show all posts
Monday, July 13, 2009
Thursday, June 18, 2009
My Field Trip to the Convenience Store
Anyone with any frugal sense knows know not to shop at a convenience store. However, there are some times when the convenience is worth the extra money. I was pleasantly surprised on two counts today although one of them was bitter sweet.
First, I have another confession. Occasionally I crave junk food, usually in the form of frozen pizza or chips. On my field trip, I discovered my secret treat to be on sale. My frozen pizza was $1, which is a rare price in the grocery store let alone the high priced convenience store. The lesson here is... always keep an eye out for bargains no matter where you are. There may be a diamond in the rough just waiting to be discovered.
My second surprise was to discover that the receipt coming out of the Debit/Credit card machine had a space for the clerk to initial that they checked ID. I've never seen that before and commented to the clerk with glee in my voice. Unfortunately, the clerk replied that most people don't actually follow those directions. She then tore off her receipt from mine and stuffed it into the till... without asking to check my ID. Bittersweet frustration.
First, I have another confession. Occasionally I crave junk food, usually in the form of frozen pizza or chips. On my field trip, I discovered my secret treat to be on sale. My frozen pizza was $1, which is a rare price in the grocery store let alone the high priced convenience store. The lesson here is... always keep an eye out for bargains no matter where you are. There may be a diamond in the rough just waiting to be discovered.
My second surprise was to discover that the receipt coming out of the Debit/Credit card machine had a space for the clerk to initial that they checked ID. I've never seen that before and commented to the clerk with glee in my voice. Unfortunately, the clerk replied that most people don't actually follow those directions. She then tore off her receipt from mine and stuffed it into the till... without asking to check my ID. Bittersweet frustration.
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