Wednesday, April 26, 2006

I cashed out ten grand of my retirement. I put $1000 into savings to pay that pesky 10% penalty for early withdrawal. I paid off the folks at Discover Card, Household Bank (which I had slowly allowed to creep back up), and my little Chase card. I also paid $1000 on my American Express Blue card (cutting that balance in half), and $100 on my regular Amex card. That left me $350, which is going towards my ambulance bill.

My dad suggested I put some money into savings. But I decided that I would pay more in interest on my cards than I'd get on my savings.

I also increased my retirement contribution so I can pay myself back faster. All I have to do now is to be good, and pay off the last couple of cards promptly.

3 Comments:

Blogger Susan L. Prince said...

I live debt free, and it's the best! Be diligent and get those other cards paid off! You'll feel so free!

5:14 PM  
Blogger C. H. Green said...

We have the same idea, only trouble is, Fidelity said we could have our money in 2 weeks. My husband's company says it's gonna be 90 days. Sigh...Three months could finish us off.

10:35 AM  
Blogger Jeffrey said...

That's intersting. I use Fidelity as well, and it only took a week to get the money.

8:26 PM  

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