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Valued Contributor
Posts: 2,857
Registered: ‎06-08-2012
0

Time to cut spending

Ive just paid an $8000 bill to my AMEX Zync card (prior to please pay by date Smiley Happy ) and Ive run ten of thousands of dollars through my cards in the last 3 months (since getting them in Sept).  Time to cut back on spending and save some.  Ive gotten all my bonus point offers and have established a high dollar value and early payments with all my new cards.  Now Im going to stabilize my spending as work on house is just about done and limit spending to a more reasonable 2-3k per month.

 

Then I'll have a good nest egg to use on my spending on signup bonuses for CSP and SPG in June Smiley Happy



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Valued Contributor
Posts: 1,621
Registered: ‎09-15-2012
0

Re: Time to cut spending

I think that sounds great Duncan. You know just as well as anyone that most of us on here aren't just credit addicts, we are also personal financial wackos. I personally have kept track of every penny I have spent since August of 2010 (right after I started my first job). So you are in good company to work through a budget and stick with it. 

 

I hope it works out well for you, and let us know if you need any help!


In My Wallet: Amex BCP (12/12) $50,000, Chase Freedom (12/12) $16,500, Cap1 Quicksilver (6/12) $14,000, Barclaycard Rewards (5/13) $10,500, Citi Prestige (4/16) $30,000

Last App: June 27, 2015
Valued Contributor
Posts: 2,300
Registered: ‎07-23-2012
0

Re: Time to cut spending

congrats! 

 

yes its defintily time to save some money. 

my util jumped from reporting 600 dollars too a whopping 4500!. will all be paid off by end of feb except for maybe 1k (its on a best buy 0% deal) 

 

you have to admit though hitting that send payment button on amex makes it worth while. due date for me is the 28th. made about 1600 in payments on that thing this month. 

 

just curious on your zync what are the reward points good for? i like chase freedoms how you can save and or just add it too your statement if need be. 

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000
Valued Contributor
Posts: 2,857
Registered: ‎06-08-2012
0

Re: Time to cut spending

Reward points aren't great. I will get another charge card later and ill convert them to the better version of Amex points (cat remember the names of the points right now).


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Blogger
Posts: 3,367
Registered: ‎10-19-2012
0

Re: Time to cut spending


Duncanrr wrote:
Reward points aren't great. I will get another charge card later and ill convert them to the better version of Amex points (cat remember the names of the points right now).

Membership Rewards?

 

Valued Contributor
Posts: 1,339
Registered: ‎09-11-2012
0

Re: Time to cut spending


Duncanrr wrote:

Ive just paid an $8000 bill to my AMEX Zync card (prior to please pay by date Smiley Happy ) and Ive run ten of thousands of dollars through my cards in the last 3 months (since getting them in Sept).  Time to cut back on spending and save some.  Ive gotten all my bonus point offers and have established a high dollar value and early payments with all my new cards.  Now Im going to stabilize my spending as work on house is just about done and limit spending to a more reasonable 2-3k per month.

 

Then I'll have a good nest egg to use on my spending on signup bonuses for CSP and SPG in June Smiley Happy



Duncanrr wrote:

Ive just paid an $8000 bill to my AMEX Zync card (prior to please pay by date Smiley Happy ) and Ive run ten of thousands of dollars through my cards in the last 3 months (since getting them in Sept).  Time to cut back on spending and save some.  Ive gotten all my bonus point offers and have established a high dollar value and early payments with all my new cards.  Now Im going to stabilize my spending as work on house is just about done and limit spending to a more reasonable 2-3k per month.

 

Then I'll have a good nest egg to use on my spending on signup bonuses for CSP and SPG in June Smiley Happy


No BCE/P in your future?

2013 Approvals: Discover IT - 3/1, Amex BCE - 3/4, CSP - 5/4, Barclay Ring - 6/12, BoA Privileges Cash - 6/27, Citi TY Preferred - 8/6, OCCU Duck - 11/4, USBank (Cash+) - 11/22, Wells Fargo - 12/21, Nordstrom - 12/29

12/19/2013, $100k+ Available Credit. Total Util: 0-1%
Valued Contributor
Posts: 2,857
Registered: ‎06-08-2012
0

Re: Time to cut spending

It's on my wish list. I'm going to double app for SPG and one other AMEX (maybe BCP or Hilton) after refi in June. Ill also app for CSP, Citi Forward and 1 more card (considering Discover, another NFCU card or US Bank Flex perks).

Hoping to go 5 for 5 again Smiley Wink


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Valued Contributor
Posts: 2,300
Registered: ‎07-23-2012
0

Re: Time to cut spending


Duncanrr wrote:
It's on my wish list. I'm going to double app for SPG and one other AMEX (maybe BCP or Hilton) after refi in June. Ill also app for CSP, Citi Forward and 1 more card (considering Discover, another NFCU card or US Bank Flex perks).

Hoping to go 5 for 5 again Smiley Wink

without the drink this time though Smiley Wink

Current: Discover Fico 709 3/15 Walmart Fico 743 4/15

Inquiries (24 Months): EQ 6 TU 1 EX 6 | Most Recent: 4/09/2015
Over 12 Months:9


2015 Goals:
Lower Utility
Earn Cash Back

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$7,400
Citi DC $10,000
Citizens Mastercard$7,000
Valued Contributor
Posts: 2,857
Registered: ‎06-08-2012
0

Re: Time to cut spending

Always a drink on the 5th one. It's for good luck.


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 710 TU 727 EX 704 CK 719(FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Highlighted
Regular Contributor
Posts: 179
Registered: ‎01-17-2008
0

Re: Time to cut spending

Duncarr

 

good job on cutting down on spending ill make sure ill hold off on your pre-approcal offers ill deliver them to you when your ready to spend Smiley Happy

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