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No. of Recommendations: 9
Minimal progress on the CC debt, but we pushed the efund to $3000 cash. My side hustle is stalled due to the Covid-19. Primary employment is secure and my wife's all-cash gigs are steady so far. (My side hustle isn't figured in to the budget.) We have decided that $3k is plenty of efund for now and will get back to paying as much as possible to the cards. I'm looking into trimming another $168 per month from the interest-to-credit-cards budget soon. To that end, I applied for a no-fee 0% thru Amex. They sent me a 4506-T form for income verification. This seems smart on their part but my gut tells me to table the app with them instead of opening up personal/tax information. I don't really want or need another card anyway. The "temptation factor" isn't there at all, but I'd prefer to move closer to no cards than more cards. Instead, maybe I'll go ahead and pay an existing card 3-4% up front for 0%bt or just continue to watch the mailings for something better.

"You can't borrow your way out of debt." --understood.

"Moving debt isn't the same as paying it off"--understood.

"The interest isn't the problem."--I do get that, but if I were spending $168/month at Starbucks, then that $168 would be the problem. $168/month to Bank of America is indeed part of the problem!

Snowball continues.

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