There’s a lot of discussion around optimizing your debt. Figuring out which order to pay off debt, keeping your emotions in check, minimizing interest, moving money around… the reality is that these aren’t solutions to the debt problem; in fact they are hindering your ability to get out of debt!
I had my husband call American Express yesterday to get the $689.72 finance charge straightened out on his IN: CHICAGO American Express card. He actually tried to call on Wednesday, but the hold time was over 10 minutes. He waited for a few, then handed me the phone to hold when the doorbell rang. Somehow in […]
How exactly do I stay organized with 89 credit accounts, 31 bank accounts, 29 investment accounts and 32 other accounts (not including 14 accounts for the kids and numerous accounts for family members)? That’s what readers wanted to know when I started to describe some of the details of our accounts. I’ll highlight my various […]
Merry Christmas! We made it through our airport adventure yesterday with 2 delays for 4 hours, one rebooking and a trip to the emergency room for a dislocated elbow… but we eventually made it! I hope your Christmas is enjoyable and you are having a relaxing day.
Time for a reader question! Feel free to send me questions on any personal finance topics. If I don’t know the answer, I’ll find it for you! This one comes to us from Janet: Have you seen any good credit card offers lately? Cashback, 0%, and signup bonuses all come to mind. There are others […]
I recently discussed that we have $223,270 outstanding in credit card balances. The next logical question is how much in credit limits do we have to support this strategy? Over $1 million! $1,020,270 to be exact. The total includes credit cards and lines of credit. I thought it would be a fun challenge to see if […]
In When Does the 0% Credit Card Really Expire? I stated that we had $58,980 on my American Express card. If that’s just one card, how much do we have total? And why? $223,270. Yes, you read that correctly. However, it’s all at 0% and accounted for. It is actually making and saving us money! […]
As I flipped the calendar to December, I had a note that one of the intro rates on our credit cards expires this month. I have a balance of $58,980 on my IN:CHICAGO Card from American Express at 0%. I looked at the terms, which I store in an excel spreadsheet, and read the following: 0% through billing […]