Friday, March 14, 2014

I figured out how to pay off some of this debt

And let me tell you, I am not happy about it. I have a cd that is maturing at the beginning of this month. Actually it matures in about a week. I'm going to use all of the proceeds and pay off a secured loan that I took to get work done on my car. I had figured that I would have some of that money paid back by now but things haven't worked out as planned.

Anyway, there will be several hundred dollars left after that loan is paid off. I plan on taking that money and paying one of my credit cards off. The plus side is that debt won't be hanging over my head any longer. The bad part is that I won't have the savings to fall back on.

Now I have to figure out where I'm going to get this money from. I do not feel comfortable not having a savings account. Especially since my credit union will let me take secured loans against the money. That way I can pay off a debt but keep my cash all while paying a low interest rate.

Oh well it's time to get on my savings grind.