Wednesday, February 18, 2009

Today we did it..........

Well, today we transferred our LARGE CC balance onto 2 new CC's that will both have 0% interest until March 17, 2010. The transactions cost us $159.00 total in balance transfer fees BUT we will save around $656.56 in interest over the next 12 months by paying the $159.00 upfront for a real time savings of $497.56. (We already have the $159.00 set to the side to pay ON TOP OF the 1st month's minimum payments.) I am not sure yet but I believe that the minimum payments we will have on the 2 new CC's will be MORE than the minimum payment due on the orginal CC but that's OK, at least the balances will be going down faster. :)

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