Karen, I just pay a flat amount each month to eliminate my credit card debt. If you carry a balance, it's nearly impossible to separate principal from interest because interest is charged on interest.
I don't use my cards anymore so all I care about is paying it off. Peace, Kevin Hoctor No Thirst Software LLC http://nothirst.com Sent from my iPhone On Jun 10, 2009, at 2:45 PM, Karen <kar...@gmail.com> wrote: > > Kevin, this may be an insanely stupid question but why wouldn't credit > card > interest affect your cash flow? Where does the interest money come > from > in the end? > > Karen > On 10-Jun-09, at 2:11 PM, Kevin Hoctor wrote: > >> >> On Jun 9, 2009, at 2:59 PM, Dave wrote: >> >>> Hello! I am wondering what everyone does for their finance charges. >>> Do >>> you put them in a bucket or not? Technically, you wouldn't have to >>> b/c >>> you are paying the charge and the payment at the same time. But I >>> could see the other side too. >>> >>> What is the gist? >> >> >> Dave, >> >> I assign bank charges to a Bank Charges bucket but not credit card >> interest charges because they don't affect my cash flow. >> >> Peace, >> >> Kevin Hoctor >> ke...@nothirst.com >> No Thirst Software LLC >> http://nothirst.com >> http://kevinhoctor.blogspot.com >> >> >>> > > > > --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "No Thirst Software User Forum" group. To post to this group, send email to no-thirst-software@googlegroups.com To unsubscribe from this group, send email to no-thirst-software+unsubscr...@googlegroups.com For more options, visit this group at http://groups.google.com/group/no-thirst-software?hl=en -~----------~----~----~----~------~----~------~--~---
