Friday, February 18, 2011

February 18, 2011

OK, so I had *planned* to cut the credit cards up, but didn't actually get around to it. I've been spending a bit on Credit Card Am, as you can see by the fact that it's gone up. This is primarily on food - we have been out of town/busy the last few weekends and haven't had a chance to go grocery shopping, so I've been eating out. Plus, we ate out a couple of times with friends.

I paid off Credit Card Di, but then put a couple of travel expenses on it - flights to Seattle for a trip that C and I are taking with my mom, place to stay in Seattle, and flights to Madison in July for C and I. The flights to Madison were an expense that I've known about for a while. The trip to Seattle was less expected. Still, I'm OK with these expenses.

Given that we're going to need to put things on credit for the wedding - I'm considering accelerating the payoff for Credit Card Ab, which has the lowest APR (7.9%). However, it also has the lowest credit limit ($2500). Credit Card Me, on the other hand, has a pretty low APR (11.49%) and a much higher credit limit ($6500). Any thoughts on what would be the best strategy?

Credit Card Ab - $2248.05
Credit Card Me - $3879.16
Credit Card Di - $1396.20
Credit Card Am - $2903.48
Credit Card NF - $0.00

Total Debt: $10426.90

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