No. of Recommendations: 6
After working for three years to get my credit card paid off, I was finally down to one single card with a balance of $2000. I was looking at being paid off by the end of the summer. So I decided to go ahead and see if I could get a 0% balance transfer for the money so I could avoid the 14% that I am currently being charged.

I was approved for a card (though not at 0%) with an $8K credit limit! That is the largest amount of credit I have ever had! The rate on it is 11% which is still lower then my other card, so I went ahead with the balance transfer and figured I would still save a few pennies by the end of the summer.

But no... I have to go and be stupid. I have done two things. First, I have booked and planned a weekend get away next month to niagara falls. A complete splurg, but I have been working so hard and I just wanted to get away. The other thing I did was I bought myself a new treadmill. You guessed it, I whipped out the new card to pay for it all. So now I will have closer to $4K to pay off.

I guess the only good thing is it is all on one card at a not so bad rate, but it is going to extend the amount of time I am in debt thru October now.

It is sooooo easy to backslide!! And I thought I was doing so well and had learned my lesson.

Windy
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