Wednesday, June 3, 2009

The credit card company everybody hates

I just paid off my remaining credit card balance of -$2400. I was getting an average complete finance charge of $40-50/month on the balance. Ouch. It feels good to have the cards clean again, but well worth the cost to have my place looking good and ready to be fully rented. Since I won’t be kicking out my roommates I will instead rent out my bedroom and hope it works out or it could deplete my emergency landlord fund pretty quick -$600 month. My goal is to get a positive cashflow of +$200-300 coming in each month to add the emergency fund.

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