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Rebuild Take 2 and.... Action!

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Anonymous
Not applicable

Re: Rebuild Take 2 and.... Action!


@angel70 wrote:

Navy Line of Credit $2900 balance/$3k credit limit

Walmart $90/$200

Cold Water Creek $0/$750

Kohls $190/700

Pier 1 $237/$350

Victoria Secret $440/$1050

Buckle $419/$750

J.Crew $472/$700

Kingsize $966/$1600

Brylane $1132/$1800

Fingerhut $1841/$2000

 

 

 

 

 


I'm jusr curious, how do you spend $1800 at Fingerhut?

Message 11 of 18
Anonymous
Not applicable

Re: Rebuild Take 2 and.... Action!

They sell big screen TVs up to $2400 I believe.

Message 12 of 18
Anonymous
Not applicable

Re: Rebuild Take 2 and.... Action!


@Anonymous wrote:

@angel70 wrote:

Navy Line of Credit $2900 balance/$3k credit limit

Walmart $90/$200

Cold Water Creek $0/$750

Kohls $190/700

Pier 1 $237/$350

Victoria Secret $440/$1050

Buckle $419/$750

J.Crew $472/$700

Kingsize $966/$1600

Brylane $1132/$1800

Fingerhut $1841/$2000

 

 

 

 

 


I'm jusr curious, how do you spend $1800 at Fingerhut?


They have some pretty pricey stuff - computers, TVs and cameras.

Message 13 of 18
Anonymous
Not applicable

Re: Rebuild Take 2 and.... Action!


@angel70 wrote:
I have a budget. I've started. I recently obtained a second job to throw at debt. I think all these cards are at that high interest rate. Ugh. Thanks all for replying.

Use the snowball method to pay them down. Minimum payment on all but the smallest balance, and that one you put every extra dime you can on it, then when its paid, you roll everything to the next lowest balance and so on.

Message 14 of 18
Anonymous
Not applicable

Re: Rebuild Take 2 and.... Action!

Like everyone said,
You really need to try and not spend anymore.
Message 15 of 18
angel70
Member

Re: Rebuild Take 2 and.... Action!

@NormanFH, thanks I'll do that!

Angel70
Message 16 of 18
angel70
Member

Re: Rebuild Take 2 and.... Action!

@Anonymous Thanks!  Needed to hear that!  I started an emergency fund when I got my second job a couple of months ago.  I have about $900 in it and decided it's about time to now target my debt and stop all spending and cut as much cost as I can so I cut my cable and some small stuff.  I'm trying but I know I need accountability or I'll go right back to where I started.


@Anonymous wrote:

@angel70 wrote:
I have a budget. I've started. I recently obtained a second job to throw at debt. I think all these cards are at that high interest rate. Ugh. Thanks all for replying.

Don't be too "ugh" about it, we've all been there or we wouldn't be here.

 

You're probably paying about $200 a month in interest (I'm guessing) or about $2,400 a year.  Once you pay those balances to $0, that's $2,400 more per year you can spend on things you want (luxuries) or put towards an emergency fund!

 

 


 

Angel70
Message 17 of 18
Anonymous
Not applicable

Re: Rebuild Take 2 and.... Action!

$900 is awesome!  Set a personal daily goal to transfer little amounts when you make the firm decision not to spend on something unnecessary.  If you're a Starbucks fiend, transfer $3 into savings every time you tell yourself no!

 

Little additions to savings have a HUGE effect.  I recently posted on Facebook that if you can just save $3 per day, every day, at 1.1% interest, in 10 years you'll have $12,000 in that account.

Message 18 of 18
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