Archive for June, 2005

 

I’m A Broken Man

All my good intentions seem to have gone out the window this month.

I’ll come nowhere near meeting my goal of $1000 off my credit cards for the month.

But there has been circumstances outside my control

  • My flatmate has decided to move out, it was on the cards since we moved in, so it’s not a great problem, it just means that I’ll be paying all the rent which will reduce my ability to service my credit cards by $220 a fortnight
  • I’ve got a full time job, this is a good thing, but I’ve been stuffed around by payroll going from a temp to a permanent employee, so I’ve put some extra things on my credit cards that I normally would pay cash for
  • As my flatmate has moved out I am returning her part of the bond money, this is also impacting my cash flow, but she is being good about it all and I’ll be returning it over a few weeks
  • I think we’ll just say June was a bad month and try and see what we can do in July.

    I know that without a flatmate I’m going to have to increase my income to get anywhere near my goal of $1000 a month off my credit cards, so I need to invest some more time on my online business, but that will atleast take a couple of months before it will impact my earnings.

    Oh well, I’ll get the credit cards paid off one day.

    PS It’s been over a month since I recieved my GE Mastercard and the still haven’t sent me the credit card balance transfer paperwork. I don’t think this card will ever have a cent put on it.

     
     
     

    Credit Card Payment Plans Go Off The Rails

    This is just a short post to say that my lofty ambitions for credit card payments have gone off the rails.

    I’m starting a new job next week, so I’ll be missing a normal fortnights pay. I’ll get it eventually, but as I need to save cash for expenses that must be paid in cash, I’ll be living off my credit cards for a couple of weeks.

    This is a bit of a bummer, but the good news is that the new job is permanent, so after a probationary period I’ll be looking for a consolidation loan, to pay all my high interest credit cards off.

     
     
     

    40 Million Credit Card Numbers Stolen

    Budgeting Babe reports in her blog that 40 million credit card numbers have been stolen from merchant processor Card System Solutions.

    The theft was reported to the FBI on May 22nd. Both Mastercard and Visa are reviewing their arrangements and will see if CardSystems can meet the security requirements needed.

    So my advice is to keep an extra eye on your statements for the next few months.

    You can read the full story at CNN

     
     
     

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