Wealth Today

I recently got an offer from one of my credit cards for a lower interest rate for balance transfers. I had already received an increase in my limit, and thought it would be a good opportunity for me. The promotional balance transfer rate is only for 3 months, but even after it’s over, the interest rate was better than another card with a balance, so I went for it.

Here’s where I saw the new strategy. The promotional rate will automatically be extended for another 9 months if I have another balance transfer post before before the current promotional period ends.

That’s some incentive to make sure I do another one.

My 401k’s slowly making it’s climb, with just a small +0.18 in unit price today. It started out pretty good, but it does seem to have slowed down at a lot lower price than before the slump. I’m relieved to see that it’s progressing. I kind of wish it had held off until after the company had contributed their match. That would have been a significant increase on my match. I guess this is where dollar cost averaging is really going to pay off for me in the long run.

Did anyone not have the same kind of lackluster return to a pre-subprime-lending-crash state?