I got a cash advance

I’m a bad bad man.

A while back I wrote about needing another car. Well 18 months on I actually got one.

This is a good thing, my old car was fast becoming unreliable. It was at the stage I wouldn’t drive it out of the city limits for fear I couldnt afford to have it towed back for repairs. This was limiting my socialising and it had to stop.

So when I heard about a decent car with a good history become available I jumped at it.

The only downside was that I didnt have enough cash on hand to pay for it. So I took the easy option and got a cash advance on one of my recently consolidated credit cards.

Now all I need to do is pay it off, and I have a plan for that.

I have a friend who is going to help me wreck my old one, the deal is we go halves on whatever we get for it. He’s got some experience in this area, and the space to do it. Last time he wrecked a similar model he made a bit over $1000, so I’m hoping for $500, now all I have to do is come up with the other $4,500.

I have about $700 in small change that I’ve collected which will go in the bank this week, which leaves me with a bill for $3,800.

And for that little amount I’m going to try and sell one of my domain names. I posted on a board asking for a valuation a while back recieved an unsolicited offer for $US3,500. So I’m going to try and sell it for atleast that and with a little luck on the exchange rate and hopefully more than one interested buyer I’ll get more than enough to cover the cost of the new car.

So I’m really only planning to use the credit card as very short term finance, hopefully less than 60 days, and then I will have be basically in the same position as where I was, before this little indulgence.

The Consolidation loan one month on….

I’ve been making payments on my consolidation loan for a month now, things are a little tight and I ought to be doing something about it, but I’m not, I’m thinking of buying a new old car and coming up with not cheap ways I can really enjoy summer.

I haven’t closed off my two zero balance credit cards yet, I’m still using them for business expenses but I’m making payments off them as soon as they appear on my online banking statement. I will do so shortly, just to need to organise some payments to go onto my one remaining credit card.

Speaking of which I had a limit increase offer the other day, to lift it from $8000 to $11,500, i put it in the bin, but I have a funny feeling all I would need to do is make a phone call and they would give it to me.