I've been making the minimum payment of $100 dollars per month on this card. My focus is to try to reduce this balance down to $2,000 and transfer it to my Citi Forward credit card. I have a few balance transfer checks at home for 0% for 1 year and it would be nice to just have to pay one creditor back instead of two.
The current balance on Discover is $4,500. The goal is to get this under $4000 by the end of August and then send in $1,000 by the first week of September. The only problem with this plan is Citi will stay somewhere around $6,000 and I'm not even sure I can send in $1,000. I have a couple of mom's turning 60 this year and the wife's birthday is also coming up. I'll have a post with all the credit card balances next week.
Here is my Year-To-Date summary from Discover for 2011. As you can see, the only activity for 2011 is payments. I find it funny that they don't show you interest charged in this little chart:
I think as soon as we pay this off we will finally close Discover. This credit card has been on this blog way too long.
HS
10 comments:
You can't afford expensive gifts for anyone. Do not get sucked into family pressures to buy gifts you can afford.
Well with our moms when our birthday's come around they shower us with gifts :(
I'm hoping not to spend more than 200 per mom.
The wife I'm not sure yet what I will do...
HS
$200 per mom? Are you kidding?
If you have your own children, would you expect them to lavish you with gifts?
If your moms want to shower you with gifts, that is their choice. More than likely, they have the money to be able to do that.
I am SURE you can find something less expensive, heart felt, and that Mom will love.
When you think of our mom's think of Houseviwes of NY or ATL lol
HS
When I think of "Real Housewives," I think of people who would be difficult to buy gifts for. I mean, what could you get them that they don't already have or couldn't buy for themselves? For this reason, I suggest you get creative and get (or do) something for them that is thoughtful instead of feeling pressured to spend an exorbitant amount of money. I'm pretty sure moms just want to feel loved and appreciated. You can do that without spending big bucks.
Honestly, I truly believe that any Mother would rather her adult child pay off their debts than lavish them with expensive gifts!
We spend $25 for birthday gifts for our mothers. It doesn't matter what they spend on us for our birthdays - Sorry, I disagree that you should spend $200 on your mother for her birthday based on your financial situation. Just my 2 cents. :)
Again with the "they lavish on us". Dude, please.. PLEASE... reconsider before spending a TON of money on the mom's. And PLEASE... regarding the wife's birthday, keep it reasonable. Remember what the goal is.. to get out of debt.
i so don't want to think about how much i pay in interest ! i would spend the day crying for sure! best for me to not pay attention & just pay as much as fast as i can! haha
Ok. Look. About your moms. I actually *know* a Real Housewife from Bravo. When it comes to gifts from her kids it's really not the amount spent. Actually, with everybody it's never about the amount spent-- it's always about the thought and meaning.
You know what? Prove us wrong and ASK your mom. Tell her you have a running bet with some friends and you want to know when it comes to a birthday gift from you (her child) what is more important- The price of the gift or the thought that went into the gift?
There's this saying: Point one finger at me and three more point back at you. So really, you're kind of projecting on your mom what YOU feel about gifts. So just ask her. No harm no foul. If she says price, you already knew it, you proved us all wrong and you spend the $200.
But what if she surprises you?
I agree with all the other comments. It's time to begin to spend less on gifts, not just for the moms but the wife as well, and anybody else you buy gifts for throughout the year. True gifts are treasures that come from the heart. The dictionary defines "gift" as: "something given voluntarily without payment in return".
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