I found my credit card statement. I pay 22.95% for cc#2, 39.9% for my catalogue. I am now going to focus my attention on the catalogue while paying a little extra to cc#2. I usually hate to revise my goals but I think this will be worth it.
Snowflakes will still be divided 70/30, only to the catalogue instead.
Thank you to everyone for making me see sense.
Goal Revision
April 30th, 2015 at 03:58 pm
April 30th, 2015 at 04:22 pm 1430410948
April 30th, 2015 at 06:13 pm 1430417591
You really should not use them in the future, which I think you know. And you need to get rid of as soon as possible! Do you have more items to get rid of you can sell to help pay off this debt. I would be paying ALL money over minimums to the catalogue and make minimum payments on the credit cards. I still like your goal of getting some EF money.
You are giving some of your money to your mom, right? Between the two of you have over 300 for EF. I would stop putting money into her account. It was a nice gift, but you need to get your finances in order first.
If you ever listen to Dave Ramsey here in the US (you can probably download a podcast) he would tell you HAVE an EMERGENCY right now with those interest rates! First food, utilities and housing. All extra goes to debt and NEEDS (and needs are minimal).
Always wishing you the best. Let us know if you need other ideas!
April 30th, 2015 at 06:30 pm 1430418607
May 1st, 2015 at 05:30 am 1430458241
May 1st, 2015 at 05:55 am 1430459713
@CCF: It's my mum's money that I have been transferring to her savings, not mine. It was originally meant to be mine but she wouldn't let me. I'll check out Dave Ramsey, I think I read about him when I first joined SA.
May 1st, 2015 at 06:06 am 1430460416
Does your government offer a no fee, government sponsored 'Orderly Payment of Debt' program? I don't know these programs are available in your community.. The government agency contacts all creditors and requires they stop charging interest but you must pay the government negotiated sum to each creditor without fail, month in and month out by the due date. If you miss or are short, there is no second chance. You return to 39.99% interest with no way to get out from under. It's really serious stuff. It would be hard on DH as he would need focus on clearing debt for a prolonged period of time.
May 2nd, 2015 at 04:47 pm 1430585268
May 2nd, 2015 at 06:32 pm 1430591553
May 2nd, 2015 at 07:56 pm 1430596586