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.
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?
Due Dates
August 12th, 2015 at 01:50 pm
August 12th, 2015 at 02:49 pm 1439387394
August 12th, 2015 at 08:50 pm 1439409005
August 13th, 2015 at 03:20 am 1439432433
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.