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Valued Contributor
Duncanrr
Posts: 2,825
Registered: ‎06-08-2012

Time to cut spending

Ive just paid an $8000 bill to my AMEX Zync card (prior to please pay by date :smileyhappy: ) 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 :smileyhappy:



Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 688 TU 727 EX 704 CK 696 (FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Valued Contributor
SnackTrader
Posts: 1,533
Registered: ‎09-15-2012

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) $22.200, Chase CSP (4/14) $12,000, Barclaycard Arrival (5/13) $10,500, Citi Forward (12/12) $9,600, Cap1 Cash Rewards (6/12) $9,000, Chase Freedom (12/12) $5,000

Last App: April 2, 2014
Valued Contributor
creditnocash
Posts: 2,164
Registered: ‎07-23-2012

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: EQ 735 Discover 9/5/13 Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)

Starting total revolving credit: $2600 | Current total revolving credit: 31k+

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Valued Contributor
Duncanrr
Posts: 2,825
Registered: ‎06-08-2012

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 688 TU 727 EX 704 CK 696 (FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Blogger
HiLine
Posts: 2,723
Registered: ‎10-19-2012

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
armbenderc
Posts: 1,337
Registered: ‎09-11-2012

Re: Time to cut spending


Duncanrr wrote:

Ive just paid an $8000 bill to my AMEX Zync card (prior to please pay by date :smileyhappy: ) 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 :smileyhappy:



Duncanrr wrote:

Ive just paid an $8000 bill to my AMEX Zync card (prior to please pay by date :smileyhappy: ) 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 :smileyhappy:


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
Duncanrr
Posts: 2,825
Registered: ‎06-08-2012

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 :smileywink:


Starting Score: EQ 551 TU 548 CK 607on 6/8/12, EX 542(AMEX pull 3/4/12)
Current Score: EQ 688 TU 727 EX 704 CK 696 (FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

Take the FICO Fitness Challenge
Valued Contributor
creditnocash
Posts: 2,164
Registered: ‎07-23-2012

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 :smileywink:

without the drink this time though :smileywink:

Current: EQ 735 Discover 9/5/13 Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)

Starting total revolving credit: $2600 | Current total revolving credit: 31k+

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
Valued Contributor
Duncanrr
Posts: 2,825
Registered: ‎06-08-2012

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 688 TU 727 EX 704 CK 696 (FAKO-EX 697, EQ 697, TU 697)
Goal Score: 750

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

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 :smileyhappy:


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