Usually we only consider two things when financing: getting the best price and getting the best interest rate for an asset. What if instead of focusing on financing the item you are purchasing, you focus on financing a cheaper item you already own? With some careful planning and foresight you can do just that. What am I talking about? [...]
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 [...]
