Ugh, family. Are you going to let it go as being too much aggravation, or will you get him to reimburse you?
The thing is with money is you have to do what works for you. Even if it's not the SMARTEST thing, if it keeps you out of/reduces debt, then you can live without a few benefits.
(I've been reading a couple of finance blogs, both of which are very smart, both of which advocate different things when it comes to credit cards. I think what it boils down to is: do what is best for you. If you can't trust yourself to have a credit card and pay it off every month, don't have one. If you can, then it's a useful tool.)
Have you considered something like an ING (or similar. Not endorsing a particular product) account for your debts? Something with a reasonably high interest rate and no direct access. I've found I can transfer, say, half my rent into my "Upcoming bills" account and I won't touch it: it takes a business day to access my money, so it earns interest, I can't spend it with my card and come rent being due, I just transfer it a business day before. Something to consider, anyway.
Good on you for splitting the extra money between your credit card debt and savings! In percentages (or figures if you want to give them, but you may not), how are you doing on your progress to be out of debt? Got a specific time goal?
![[community profile]](https://www.dreamwidth.org/img/silk/identity/community.png){kind=small}
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
(no subject)
Date: 2009-12-16 05:33 am (UTC)The thing is with money is you have to do what works for you. Even if it's not the SMARTEST thing, if it keeps you out of/reduces debt, then you can live without a few benefits.
(I've been reading a couple of finance blogs, both of which are very smart, both of which advocate different things when it comes to credit cards. I think what it boils down to is: do what is best for you. If you can't trust yourself to have a credit card and pay it off every month, don't have one. If you can, then it's a useful tool.)
Have you considered something like an ING (or similar. Not endorsing a particular product) account for your debts? Something with a reasonably high interest rate and no direct access. I've found I can transfer, say, half my rent into my "Upcoming bills" account and I won't touch it: it takes a business day to access my money, so it earns interest, I can't spend it with my card and come rent being due, I just transfer it a business day before. Something to consider, anyway.
Good on you for splitting the extra money between your credit card debt and savings! In percentages (or figures if you want to give them, but you may not), how are you doing on your progress to be out of debt? Got a specific time goal?