Did you know that "there are two credit cards for every person in the United States" and that's no joke, not according to my Weird Facts App on my ipod.
I called TD yesterday to get an update on my Line of credit. But they hadn't added the interest so it wasn't a completely accurate amount. So as I write this preamble I am on hold waiting to get the exact figure.
This month I put in:
March 14~ $300
March 28~ $8.53
March 28~ $400.00
Total paid: $708.53
Daily interest for the month of March: $3.86
Total interest paid in March on my LoC: $119.84
Current outstanding balance on LoC: $-30,995.09
This month I put: $891.08 extra into student debt
Math brake down: 182.55 (extra into OSAP) + 708. 53 (LoC) = $891.08
Now that I have the updated number time to update the side bars.
I called TD yesterday to get an update on my Line of credit. But they hadn't added the interest so it wasn't a completely accurate amount. So as I write this preamble I am on hold waiting to get the exact figure.
This month I put in:
March 14~ $300
March 28~ $8.53
March 28~ $400.00
Total paid: $708.53
Daily interest for the month of March: $3.86
Total interest paid in March on my LoC: $119.84
Current outstanding balance on LoC: $-30,995.09
This month I put: $891.08 extra into student debt
Math brake down: 182.55 (extra into OSAP) + 708. 53 (LoC) = $891.08
Now that I have the updated number time to update the side bars.
Great job!!!
ReplyDeleteFunnily enough (is that a word?) I have exactly two credit cards in my wallet. One is a ScotiaBank Value Visa with a nice low interest rate, somewhere around 9%. It has a zero balance. The other is a President's Choice Mastercard which I use to buy everything and then use the points for extra stuff I need at the Superstore. So far over the past two years I've been able to purchase close to $400 of free food/toiletries/clothing/electronics etc - it's the best card - no fees, have never paid 1 cent of interest. As soon as I use it I go home and make a payment online.
ReplyDeleteI don't really know why I keep the Visa since I only use the Mastercard. I've had it forever and just don't want to part with it. I've never really had credit card issues - too scared to incur debt. Perhaps when I'm debt free I'll have a card-cutting party!
Yes its a word! Good on you for making the points work for you!
ReplyDelete