payoff rethink
I double-checked to be sure it actually was paid off, and it really was. And despite the fact that this is the longest I've ever owned a car (4 years), and how much the desire for something new is burning inside me, I might not get a car.
The smarter thing to do would be to pay off the large (for me) amount of credit card debt that I amassed from medical bills and all the stuff that comes with moving to a new place. Just this week I had to pay $1050 for recent care, after insurance. And don't even mention the amount I spend on prescriptions!
I can't stand to know that out of the two payments a month I'm spending on paying off that credit card, 1/4 goes to finance charges. It eats through my brain. So I might just sell the car and pay off the card. Or not. I'm also really bad at decision-making, in case you hadn't noticed.
posted at 4:26 PM
5 Comments:
Being wise with money is soooooo booorrring.
9:20 PM, April 12, 2007
You'll do the right thing.
You always do.
7:46 AM, April 13, 2007
Pay off the credit card. It feels really good to get out from under that kind of debt. You can just put your old car payment against the card and you won't even feel it.
I've been getting into personal finance lately, reading the blogs and whatnot. I just recently paid about $8,000 of credit debt down, and I'll be free of credit card debt by the end of the year. Check out this site:
http://www.getrichslowly.org/blog
Also, if you have a savings account and you're not getting 5.05% on it, you're insane:
http://www.hsbcdirect.com/1/2/1/
7:47 AM, April 13, 2007
I suck at teh internets:
HSBC Direct Savings (5.05% APY)
Get Rich Slowly (personal finance blog)
7:49 AM, April 13, 2007
ALthough I am not one to tell anyone what to do with their personal finances, I agree with Aaron, it's awesome to be free of the CC debt. Jeff and I are THROUGH with it! We made our last payment about three months ago and it felt awesome. There is a particular satisfaction to know you finally paid off the interest on the $4.97 hamburger you had to have 7 years ago in college. Now, student loans are a whole nother ballgame.
9:02 AM, April 14, 2007
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