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.


Kevin Hoctor
No Thirst Software LLC

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
> >

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