Credit Card Victim

Last week I wrote about my indecision in regards to selling some mining shares, today I get home from work and log in to brokers site and find out that my portfolio has increased $500 in one day, unfortunately it’s not quite what I paid for them but it’s a huge improvement.

I’ve searched a few forums and can’t find any particular reason for the increase. All I can find is positives and talk the shares will go to $10+.

So now it’s decision time, do I get out now or wait and see what happens. I’ve only told one person this….. and now the world, but I had a dream a couple of months back that the shares went up to $10.09. I have no idea why I had this dream or where that specific price came from but I’m thinking I should back my gut.

But my cautious side has come into play and I’ve decided to set a stop on my shares if they drop too much then I’ll be out of them and I can get rid of some of my credit card burden.

But here’s hoping that the sky’s the limit and I can take home a nice hefty profit…… umm i mean reduce my credit card debts.

The good news is that I haven’t bought anything with my credit cards, The bad news is I haven’t paid anything off them either.

Actually that’s a lie. I have some regular payments set up to go on my credit card, these are for convenience more than anything.

Regular payments include.

• Health Insurance $65
• House and Car Insurance $50
• Broadband Connection $55
• Web Hosting $50

So there’s $220 a month in expenses before I make a dent in the interest or the repayments.

I also have an automatic payment of $100 a fortnight from my pay going to the credit card that the first two items are on, so they are covered and not sending me backwards.

I also make just enough income from my websites to cover the broadband hosting so they aren’t sending me backwards either.

It’s nice to know I have at least something under control with my credit cards.

Last year my first winter power bill shocked the hell out of me. It scared me enough that I relocated my computer to another room so that I didn’t have to heat more space than necessary.

This year I’m using a different heater for the room the computer is in and the bill is $140 less than last years. Nothing else has changed.

I was using a borrowed convection heater from my sister, She moved back from interstate and wanted it back. I replaced it with a radiant heater that uses half the power and keeps me just as warm, if not warmer. It also has the bonus feature of being able to be used in the bathroom in the mornings to warm me up.

I can’t believe I’ve saved so much just from swapping to a $20 heater.

What’s more surprising is that everyone around here reckons it’s the coldest start to winter we’ve had in years.

This can’t be a bad thing for the credit cards.