By the time I left Alabama, I had run the card up to $6,000.
Recently, I’ve noticed that my credit card companies have been offering me free FICO credit scores, but they’re not the same.
“When I do a balance transfer, I try to remember to log in my calendar when the rate expires. At that time, I’ll transfer that balance to another card. Then, after a billing cycle, I’ll transfer it back to the 0 percent card.”
Dan Price often gets asked, by would-be entrepreneurs, what first step they should take to achieve their goals.
“The first step is doing something for someone,” he answers.
In which I share my 10 emotional responses to paying my taxes and having $41.51 left over.
Abbi works a janitorial job at a boutique gym that probably pays just above minimum wage (currently $8.75 in New York), meaning she very likely earns around $10 an hour, or $20,800 per year. Tax-rates.org suggests she would pay $2,734.95 in federal taxes and $562 in New York state taxes, including FICA and Medicare, leaving her with $17,503.05 in gross pay, or $1,459 per month.
Mike: We’re going to do a monthly debt check-in later today. Let me know what your new balance is.
Logan: It’s gone up.
Yesterday, I received a text from my bank alerting me of some possibly fraudulent activity on my debit card. Despite the fact that it was tucked securely in my wallet, right next to my Qdoba rewards card, someone was using the number at a gas station in Lebanon. I can only assume they used the $97.60 to buy a tank of gas and then 57 hot dogs.
After a year of looking for and preparing to buy a home, Nick and his wife finally found a place they wanted. They were in the middle of filling out mortgage pre-approval paperwork when Nick’s wife stopped him. She had never mentioned it before, but now that they were applying for a loan, it wouldn’t be a secret much longer: She had about $4,500 of credit card debt.
Last night, I went through my credit card transactions (as I like to do on weekly basis), and noticed that on Oct. 17, I was charged $8 by Delta in Atlanta, Georgia. That was this last Friday, and I was here, in New York, eating a fried chicken sandwich in Brooklyn at the time; the charge for the sandwich appeared next to it.
It’s time to check in on our debt payments and savings goals again. If you’re joining us for the first time, you can read about our decision to publicly keep track of our debt here.