Question of the Day: Day 4
Posted on | August 4, 2006 | No Comments
Today’s Question of the Day is hosted at Experiments in Finance.
How many credit cards do you have, and what’s their combined credit limit?
We have 2 credit cards with a combined credit limit of $38,700.
We have a small balance on one we are paying off very aggressively then we are closing it.
The other we use for monthly utility bills like electric, gas, cable, netflix, phone and pay it off each month. I just do this so I can control when the EFT goes through and not the company. I think when I am debt free, I can then go back and have these transactions come out of my checking account via EFT but for now, since I am using every extra cent to pay off debt, this helps manage timing of payments. Anyone else do this?
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