Re: Garden Club Meeting - April 2012
04-10-2012 02:22 PM
Still Gardening over here...
Contemplating my thoughts on Buying a home vs. Traveling OR, Buying a smaller/less-expensive one so that I can have both my cake and eat it too.
Been also thinking about putting the $8k car balance on my soon-to-be-paid-off Citi Platinum which is offering me 0% interest for one year. I would still have to pay the 3% B/T fee but my 5.9% interest that I currently have on the vehicle is daily interest. That daily compounding interest is more money in the banks pocket. I would save about 1/2 the interest ($240+) by sticking on the CC. But then of course my UTL would go up to 34% but then I would have about a year before we're looking at buying/traveling to bring that down to the >7% I'm trying to achieve.
Save money or have a good score when I'm not buying anything. I'm thinking, SAVE MONEY!!!
Anyone have any suggestions...please feel free to share.
34% util will cause a score ding, but it's not a horrible util ratio. I don't think that it's likely to scare any of your existing creditors. So, since you're not planning on any immediate credit apps (that's why you're in the garden, right?), I'd take the temporary score hit and save a bunch of money. Just my 2 cents.
Yeah, I'm thinking I'll go for it! That way, I'll work hard on paying it off as quickly as possible. And the best part...I'll own it, LOL!
EQ 673 Dec2011 | Current: 687 Aug2012 | Goal: 720+
UTL: 54% Dec2011 | Current UTL: 21% | Goal UTL: 0% June2013
AmxZync | CapOne 1k | WFNNB 1.1k | Target 3k | Goodyear 5.8k | CitiSimplicity 8.2k
AmxBCP 9k | Sam'sClub 9.5k | CitiDiamondPref 10k | DCU 20k | NFCU Visa Sig 33k