The Master Plan
I just looked, and this year's financial Master Plan is already paying off.
Well, part of it at least.
Over the course of January i paid $735 into my line of credit, then wrote $495.39 worth of checks off it to pay the bills that accept checks.
In December, I paid $17.72 in interest, on my $1600 balance. For January, i'm paying $13.21.
That's $4.51 that's staying in my pocket, instead of going to my creditor.
That's a heck of a lot better than the interest i would have gotten by keeping those funds at Smartypig. I'm hoping to continue that downward trend, for all that i'm going to be reducing the amount I deposit in the coming months due to one of my bills not being able to accept payment off that particular account. Of course, the goal is to have that account completely paid off by next december, so I can turn around & pay off the Refrigerator Financing and be (somewhat) back where I started, with Freak working on paying off his motorcycle one piece at a time.
Well, part of it at least.
Over the course of January i paid $735 into my line of credit, then wrote $495.39 worth of checks off it to pay the bills that accept checks.
In December, I paid $17.72 in interest, on my $1600 balance. For January, i'm paying $13.21.
That's $4.51 that's staying in my pocket, instead of going to my creditor.
That's a heck of a lot better than the interest i would have gotten by keeping those funds at Smartypig. I'm hoping to continue that downward trend, for all that i'm going to be reducing the amount I deposit in the coming months due to one of my bills not being able to accept payment off that particular account. Of course, the goal is to have that account completely paid off by next december, so I can turn around & pay off the Refrigerator Financing and be (somewhat) back where I started, with Freak working on paying off his motorcycle one piece at a time.