Last night the final payment was made on our 0% interest cc with a balance of $9381 (I paid $1000 on it earlier this week). We now have less than $400 to pay on our Visa that we charged the down payment on our new car that we are leasing. I know, it's probably not the smartest financial move to lease a car but it makes sense for us at the moment.
Now that we are so close to being cc free, we need to stay that way. We'll still use our ccs to pay for items but then pay them off that month. That way we'll get the rewards. I guess we should think about closing some of the cc's though. Here are our current cc's with their credit limits:
Visa - $13,000
MC 1 - $22,000
MC 2 - $22,000
MC 3 - $11,700
Amex - $11,700
Store 1 - $2,500
Store 2 - $700
Total - $83,600
Friday, February 15, 2008
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