My money decision has been made for me...

How may you ask? Well, I opened my mail last night and discovered that my 2000 LOC is going from 3% to 9% by mid Novemeber. So, I'll pay it off and close the account! Simple. My trip will be paid for Friday, and I have 1/3 of my spending money already ( I'm taking $300 Amercian).

Now to finish up the budget and get to work. ( I been up since 4:00 and I'm going home tonight as I have stuff to do home that can't be put off, it'll be a tight week, but the thoughts of spending 2 extra nights at home is well worth it). Oh and rumors are going that we maybe offered another 2 years at this job... Lots to think about!

Comments

Sharon said…
So glad you have the money to pay it off! Banks irritate me....that's a huge increase...
Michelle P said…
That's a big increase!
The Witch said…
Sam,
Wise choice!
That's a huge bank increase for interest, but why doesn't that surprise me.
I'm sure you will want to celebrate with a nice coffee or glass of wine.
It's a nice feeling to kill a big debt off.
Congrats's.
Jane said…
Funny how things work out isn't it? I think you've made a very wise decision:)
jpkittie said…
that is a pain in the butt to have things determined for you, but then again, it is a good idea & it will def. help!
that's terrible, what a horrific increase! Good for you for paying it off!

The credit card company did that a few years ago with one of our now closed cards. Increased it from 19.99 to 25.99. We were shocked because we'd been paying on time and way more than the minimum payments. When we closed it, they begged us not to and we told them that we wouldn't deal with them again becauase of the out of the blue rate increase.

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