OK, you all have finally convinced me…..It has been awhile since I read David Ramsey’s Financial Peace (I should go check it out from the library again to refresh my memory). I have been trying to put every extra penny I could to repaying credit card debt. But I think I need to change my tactics.
It doesn’t do me much good to have the CC debt come down and then when I have an emergency (like I just did with two toilets that needed a plumber), then I have to charge again on the card.
I have a little bit going into House Maintenance each month, but it just never seems to keep ahead. So…..I am going to drop some of my CC extra payment each month and put that $200 into an Emergency Fund.
I’m still paying extra on the principal, I just won’t pay as much on it each month…..
Whew, just writing this to you helps me feel better about doing it. And slowly and surely, that CC debt will payoff sometime soon, I hope.