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Due Dates

August 12th, 2015 at 05:50 am

We have quite a few credit cards that we now use for various types of rewards. Specifically I have balances on ten, ranging from $13.43 to $1,549.07. The total balance of those ten all together is $4,155.65. These are all current and not charging us any interest. And you might notice that is less than the last time I reported our total. Smile

Today I made a list of the balances of each card in order of due date. I usually don't pay much attention because I just pay off the balances when we get paid. If you are paying on current charges twice a month you are always ahead of the statement closing. That's why I haven't paid attention.

As I said in the other post about our credit card debt, I plan to pay all of these off without any interest. But I also want to keep as much in savings as I can. So I'm going to aware of the due date so I'm paying the debts due first FIRST with current paycheck money rather than those due a month out or the next paycheck.

This probably isn't a big relation to anyone, or me for that matter, but I'm just taking a different approach for a bit. A little more awareness to get on an even footing again and hopefully with a nice healthy savings account.

Of course, there is the college expenses. I'm going to try to cash flow as much as I can. However, whatever I can't can be paid with funds saved for college. At least for this year. We have tuition mostly covered, but the dorm will be our biggest expense. Along with some miscellaneous band expenses which seems to be extra time in the dorm and food before the housing contract starts. Next year, I will plan to save up for this little extra cost.

Are you aware of your debt due dates, or do you pay more attention to which paycheck you pay your debt from?

3 Responses to “Due Dates”

  1. scottish girl Says:

    Yes, I'm constantly aware of my due dates. I checked my balances a lot.

  2. rob62521 Says:

    Good idea to list your due dates so you don't have any surprises.

  3. snafu Says:

    I have always tracked cut off cycle dates, benefits outstanding and due dates of every credit product actively in use. Once electronic banking was available, I set up a system to ensure each bill gets paid two business days before it's due date. For example a Visa bill showed $ 189. due by August 5th. DH had been traveling and I could track charges, knowing $ 1,184. had been added. The Visa cycle closes today, so I'll have the latest statement in a week. By September 2nd the balance will be paid without giving rise to interest.

    I expect that once DH submits his business expense details, we'll be reimbursed for nearly the entire sum. We bang into submission dates so sometimes it takes a couple of months.

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