All
the work I've been doing lately hasn't been entirely without purpose -
in the next several weeks, I hope to completely zero out my credit union
credit card. As my balance has dropped over the last year and a half,
the minimum monthly payment has gone from close to $500 to only $125,
and if all goes according to plan, there will soon be no monthly payment
on it at all. :)
Once
that's done, any money that I no longer have to apply to my balance on
that card will start going toward paying off my other card, the one that
earns me frequent flyer miles. A mileage credit card isn't any use if
it's maxed out, since I only earn miles for purchases, not for interest!
I'm
not quite sure how long the other card will take to pay off, since I'll
need to continue using it for some things (I had almost totally stopped
using the one that I'm about to finish zeroing), but I am looking
forward to getting rid of that balance, too, since any other debt I have
is long-term secured debt related to my house, and although the amount
of that debt seems big to me, it's not bad compared to the likely value
of the house at this point, and compared to what most thirty-something
Americans owe on their houses. ;)
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