I feel I have to announce my progress today or else I’ll start feeling down about things.
1) I am making some progress on my credit cards. A new chart will be going up at NCN Network for $16,154.26. Even though I am still charging a little on my cards, I am making sure to pay off all new charges, hence the small movement downward.
2) I bought another CD because I am too good at dipping into my emergency fund and I need to cut that out. I won’t break a CD unless I am desperate for cash, therefore signifying a true emergency. Hopefully that will help me get my head straight. In a real emergency, am I going to care if I pay the withdrawl penalty? Probably not. I get more upside in buying the CD than not.
Ultimately, the tuition reimbursement I got went towards these two items. I am trying really hard to live off the cash I keep on hand and not charge things, but at the moment while I’m waiting for a new ATM card to kick in, I am closing up old checking accounts and waiting for stuff to clear. I’m in a bit of a cash crunch, but I am going to bear through it. No reason why I can’t grow up a little while this happens.
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[2) I bought another CD because I am too good at dipping into my emergency fund]
Agreed that dipping into the readily available money is far too easy! Besides, any penalty is really to your interest and not your principle, right? So that’s really not so bad if the alternative is some of the e-fund cash leaks out for non-emergencies.
On first read, though, I thought you meant you were buying music CDs
Resisting the urge to dip IS really hard. When managing our finances, we have to work with our weaknesses. If CDs are your thing, then make it work for you. At least you’re saving.
I dip wayyy too much. I like the idea of th CDs. I don’t know much about CDs. Anything I need to know when looking for one?
Thanks!
–Ladydoughgirl