I’m Back

Ok everyone, I’m back. I know it’s been forever since I’ve posted. I’ve had a few things going on lately. There were some bad days at work, a birthday celebration, St Patty’s day, and other things. My spending was completely out of control the last two weekends. For my friend’s birthday, I managed to spend $60. Then I spent another $60 this weekend. It’s crazy!! So now I need to get back on track with my spending. I cave to peer pressure. Ugh. I’m in the process of transfering one of my dad’s credit card balances over to my Bank of America credit card. Right now he has approx. a $2,500 balance. He’s charged 25.34%, which equals a $50 finance charge and his minimum payment is $75 a month. He’s not really getting anywhere by just making the minimum payment. So we’ll tranfer it to mine. I’m being offered a 1.99% interest rate on any balance transfer now until Dec 2009. Then the interest goes back to it’s normal 9.90%, but that’s still way better than what he’s currently paying. The tranfer fee will be approx. $76. Not terribly bad and I’ll still have an available credit limit of $3,250. So this transfer doesn’t quite take up half of my limit. He will continue to make the $75 payment though. So we can get rid of more of the principal balance.

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