Category Archives: plan of action

Living From Paycheck to Paycheck

plan of action
A friend's financial situation got had me thinking about myself, as these things often do. Because we are basically living from paycheck to paycheck, with no savings or retirement plan. We're not even chipping away at our debt very fast. I've never really been too concerned about saving for retirement. I know, I know, this is a personal finance blog, what am I thinking?   I guess when your own parents don't worry about such things, it kind of rubs off… Read the rest

To Close or Not To Close?

credit cards, plan of action
Jeremy over at Generation X discussed whether or not one should close a credit card account in his recent post If You're Going to Consolidate Then You Have to Stop Using Credit. Since we've been looking into refinancing our home, and rolling in the credit card debt, this post says many of the things which I've been thinking and worrying about. Jeremy discusses in the third paragraph To Close or Not to Close, some ways to determine if it's a… Read the rest

It Looks Like We Might Be Refinancing Our Home

plan of action
And… rolling in the credit card debt.  I know it's usually the last thing that anyone ever advises, but having given it a lot of thought over the past year I believe we can make it work for us as an effective debt reduction strategy. I'm a little blown away by what our credit union can swing.  We currently owe $48K on our mortgage, with twenty three years left on the note.  Our current finance rate is at 7.375%. Our… Read the rest

I Really Want a New Laptop Bag

plan of action
I really, really, really want one of these: Targus 15.4IN Metro Roller for Notebook Bag.  AJ has one and it is such a nice bag.  I love how the handle goes down into the side and you don't even know it's there. Then when you pull it out, it slides right up and snaps into place. It goes back into place just as easily. But it costs close to $50 and I don't want to spend that much money on… Read the rest