Comments on: The Start Digging Out Of Credit Card Debt Challenge – Week Three. http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/ A place to discuss money...for the rest of us. Mon, 23 Nov 2009 05:09:30 -0500 hourly 1 By: Get Out Of Credit Card Debt | My Two Dollars http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/comment-page-1/#comment-34051 Get Out Of Credit Card Debt | My Two Dollars Tue, 01 Sep 2009 16:35:45 +0000 http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/#comment-34051 [...] this series, you can read it right here, part two is available right here, part three is available right here, part 4 is available right here and part 5 is available right here. AKPC_IDS += "688,";Popularity: [...] [...] this series, you can read it right here, part two is available right here, part three is available right here, part 4 is available right here and part 5 is available right here. AKPC_IDS += “688,”;Popularity: [...]

]]> By: a project of mine, continued « L-chronicles http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/comment-page-1/#comment-26852 a project of mine, continued « L-chronicles Wed, 04 Jun 2008 03:35:29 +0000 http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/#comment-26852 [...] Week 3 of the “digging out of cc debt challenge” is going to take a few weeks to implement because I just paid my bills last week and my rent, so I have to wait for the next statements plus paycheck.  Also, I’m taking the next couple of weekends off at the restaurant, one weekend to simulate test day (twice) and the other weekend to situate myself in Boston for the exam. [...] [...] Week 3 of the “digging out of cc debt challenge” is going to take a few weeks to implement because I just paid my bills last week and my rent, so I have to wait for the next statements plus paycheck.  Also, I’m taking the next couple of weekends off at the restaurant, one weekend to simulate test day (twice) and the other weekend to situate myself in Boston for the exam. [...]

]]> By: a current project of mine « L-chronicles http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/comment-page-1/#comment-26851 a current project of mine « L-chronicles Wed, 04 Jun 2008 03:25:11 +0000 http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/#comment-26851 [...] update: I called the cc companies and got my interest rates lowered. success! now, I'm on to part three! the first one made me feel good, but the second one made me feel uneasy for some reason. probably [...] [...] update: I called the cc companies and got my interest rates lowered. success! now, I’m on to part three! the first one made me feel good, but the second one made me feel uneasy for some reason. probably [...]

]]> By: The Start Digging Out Of Credit Card Debt Challenge - Week Six. | My Two Dollars http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/comment-page-1/#comment-20580 The Start Digging Out Of Credit Card Debt Challenge - Week Six. | My Two Dollars Mon, 10 Sep 2007 14:01:06 +0000 http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/#comment-20580 [...] this series, you can read it right here, part two is available right here, part three is available right here, part 4 is available right here and part 5 is available right here. You might also like:The [...] [...] this series, you can read it right here, part two is available right here, part three is available right here, part 4 is available right here and part 5 is available right here. You might also like:The [...]

]]> By: Ben http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/comment-page-1/#comment-16930 Ben Fri, 03 Aug 2007 05:21:48 +0000 http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/#comment-16930 I hope the following information may be of some assistance. ASIC (The Australian Securities and Investments commision) has a consumer website called FIDO (www.fido.gov.au). In the publications and resources area they have a link to some calculators. They have a credit card calculator (which is a downloadable excel file). This calculator shows you how long it would take to pay off a credit card, and how much interest is paid, by just paying the minimum payment. It also shows you how much interest and time you would save by increasing your monthly payment above the minimum payment. This can be a real eye opener. I get paid every two weeks and make a payment from each pay that is the card minimum. I'm looking forward to the next installment. I'm looking forward to the rest of this series. I hope the following information may be of some assistance.

ASIC (The Australian Securities and Investments commision) has a consumer website called FIDO (www.fido.gov.au).

In the publications and resources area they have a link to some calculators.

They have a credit card calculator (which is a downloadable excel file). This calculator shows you how long it would take to pay off a credit card, and how much interest is paid, by just paying the minimum payment. It also shows you how much interest and time you would save by increasing your monthly payment above the minimum payment. This can be a real eye opener.

I get paid every two weeks and make a payment from each pay that is the card minimum.

I’m looking forward to the next installment.

I’m looking forward to the rest of this series.

]]> By: paidtwice http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/comment-page-1/#comment-16723 paidtwice Wed, 01 Aug 2007 04:13:56 +0000 http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/#comment-16723 I left too many comments too quickly and the computer thought I was a bot! rofl Yay my first time being thought of as a bot. A milestone! I left too many comments too quickly and the computer thought I was a bot! rofl

Yay my first time being thought of as a bot. A milestone!

]]> By: paidtwice http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/comment-page-1/#comment-16722 paidtwice Wed, 01 Aug 2007 04:12:30 +0000 http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/#comment-16722 I like this blog. It inspires me to comment. I love online banking. I am also in debt up to my... maybe not eyeballs. Maybe my teeth. Not everyone in debt got there the same way and for the same reasons. Different strokes for different folks. And I continue to pay off big chunks of debt with the magic of online banking. ;) Seeing everything in numbers on my computer screen works better for me than writing a paper check and forgetting to mail it. And I am a fan of the instant gratification of seeing the pending transactions instantly in my account. ;) We all have to find our way. This is just one of them. I like this blog. It inspires me to comment.

I love online banking.

I am also in debt up to my… maybe not eyeballs. Maybe my teeth.

Not everyone in debt got there the same way and for the same reasons. Different strokes for different folks.

And I continue to pay off big chunks of debt with the magic of online banking. ;) Seeing everything in numbers on my computer screen works better for me than writing a paper check and forgetting to mail it.

And I am a fan of the instant gratification of seeing the pending transactions instantly in my account. ;)

We all have to find our way. This is just one of them.

]]> By: david http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/comment-page-1/#comment-16645 david Tue, 31 Jul 2007 15:40:27 +0000 http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/#comment-16645 You are, of course, welcome to your opinion. But based on all the emails I have been getting, some people find this works great. Thanks for the comment. You are, of course, welcome to your opinion. But based on all the emails I have been getting, some people find this works great. Thanks for the comment.

]]> By: Lenny Tumbarello http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/comment-page-1/#comment-16642 Lenny Tumbarello Tue, 31 Jul 2007 15:31:20 +0000 http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/#comment-16642 Hey David, You're making this just too hard sir. AND I disagree with the online banking theory for folks in debt up to their eyeballs. In my humble opinion, getting out of debt is a mind-set change. Folks are dealing with THAT issue the first few months to a year. During that time, painstakingly writing the check the old fashioned way actually helps them FOCUS on their situation more than doing it on line. (Just my opinion.) While I somewhat agree with you twice a month system, the majority aren't paying attention - which is what got them here in the first place. You're system is not making their life easy, which will tend to result in them throwing their hands up and quitting. (Just my opinion.) Lenny Tumbarello Hey David,

You’re making this just too hard sir.

AND I disagree with the online banking theory for folks in debt up to their eyeballs.

In my humble opinion, getting out of debt is a mind-set change. Folks are dealing with THAT issue the first few months to a year.

During that time, painstakingly writing the check the old fashioned way actually helps them FOCUS on their situation more than doing it on line. (Just my opinion.)

While I somewhat agree with you twice a month system, the majority aren’t paying attention – which is what got them here in the first place. You’re system is not making their life easy, which will tend to result in them throwing their hands up and quitting. (Just my opinion.)

Lenny Tumbarello

]]> By: Chief Family Officer http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/comment-page-1/#comment-16581 Chief Family Officer Tue, 31 Jul 2007 03:01:52 +0000 http://www.mytwodollars.com/2007/07/30/the-start-digging-out-of-credit-card-debt-challenge-week-three/#comment-16581 Wow, this is great advice! I will have to try it with my student loans ... Wow, this is great advice! I will have to try it with my student loans …

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