No. of Recommendations: 0
Wow! There are already some great replies here and they are much appreciated! I think you have a good idea re tracking expenses. This may take some time, but I am looking for ANY ways to free up extra cash to use as ammo.

AJ-We have continued to use credit cards for gasoline and for online purchases. That's it. I will no longer use the card at the pump and will go with cash instead. This won't curb the expense as it is a 'necessity' purchase, but it will make the use of a card more rare. We aren't the "shopping spree" type but we do buy online as a way of keeping expenses low. For example, I do our car maintenance and repairs. Most of the parts, filters, etc are bought online for less money. I use a CC for these purchases because I feel it is safer than a debit card. Would it be wise not to do this? I do see the value in keeping any CC purchase to a minimum to shorten the payoff.

You made a good point about the baby steps order of pay down, but I think mine happens to be in line with Dave's plan for the time being.

Here are the card stats and order I plan to pay them:

#1 $1283.76 at 17.44%

#2 $5630.63 at 17.49%

#3 $11336.57 at 13.99%

#4 $17697.63 at 13.99%

#5 $14838.00 at 0% temporarily

Monthly CC payments have averaged $1420 for the past 12 months. I expect to be able to add more cash to that number in 2019.

Thanks for the great advice so far!
Walstib
Print the post  

Announcements

UGC Disclosure Notice Regarding Credit Card Posts
Community board discussions about credit cards are not provided or commissioned by banks who may have advertising relationships with The Motley Fool. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.
TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.