So far 2008′s been a bumpy year for my 401k It’s dipped to some of it’s lowest lows. The past week has seen a slow and steady increase back to the bottom of last year’s median range. I’d like to see it really take off this year, but what with economists saying there’s a 50-50 chance of a recession, I’m cautious trying to make any assumptions this early.
The Carnival of Debt Reduction has made it’s round to our neck of the woods here in Dallas, TX. This Carnival is for fun and we invite your attendance. Step right up and witness the debt-defying! Without further ado…
Aridni shares from a Dave Ramsey book about some basic steps to guide us through the process of reducing debt.
This week’s Carnival of Debt Reduction is hosted at PF Advice. PF Advice has taken to a strict, no-monkey-business, Debt Reduction only post for the carnival, and I’ll be hosting it next week where I’ll inherit the rules, so please send me your debt reduction submissions at
Today, we had a pretty big success for our goals towards paying off our debt. I paid off my highest balance credit card paid off. It was a nice chunk, but we were prepared. There’s a few more accounts that have a little bit of balance, but that should be smooth sailing.
Many of my readers already know that while I’ve already started my
One of the first credit cards I got when I was trying to repair my credit was a
I’ve maintained that account and watched my credit score climb. They were satisfied with me as a customer and have since offered me two more cards (Platinum Plus Preferred) with a
I took them up on both offers. That left me with three CapitalOne cards. It’s a hassle to manage all of those accounts and also pay for the annual fees, so I decided to do something about it.
After the success with lowering my interest rate on one of the cards, I thought maybe they could offer something as far as merging the accounts. I called and they were very accomodating. I combined the two lower credit limit cards into one and waited for that process to complete.
Today, I called to combine the remaining two. Those two calls took less than 20 minutes combined and saved me $90 this year. Yes, I’m really happy about it.