i normally don't carry a balance... (that's just giving money away..)
but when there is interest it goes into the 'interest paid' bucket...
mortgage interest has its own bucket (since its tax deductible). any
charges the credit card bills me (annual fee etc) go in to bank
charges bucket. i use
I don't know who the original poster banks with, but I have this type
of card with CitiBank. It pays 1% of purchases against my mortgage. We
charge just about everything on that card (and pay it off monthly).
On Jun 12, 2009, at 9:06 AM, Druzyne wrote:
i use a credit card that pays extra
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
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
For me, it depends on my primary card that I use for almost all my
purchases and pay off every month, if I get an interest charge
(because of a cash advance or a late payment), I assign the interest
charge to a bucket. However, for loan accounts and credit cards I'm
paying off over
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
On Tue, Jun 9, 2009 at 2:59 PM, Daveoneblessed...@gmail.com 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
Hi Dave... I have a Bank Fees bucket for all fees charged by the
banks including credit cards. I'm not sure why--they just make me
mad. :-)
Karen
On 9-Jun-09, at 6:59 PM, Dave wrote:
Hello! I am wondering what everyone does for their finance charges. Do
you put them in a bucket or not?
