Grocery shopping and eating at home has certainly paid off. Breakfast was eaten at home (to the delight of the dog) and supper was another cheap frozen pizza from Friday's excursion to the grocery store. It becomes increasingly difficult on the weekends because for years that was always the time that we would go out to eat our meals (and run the credit card bills even higher). You can be on your best behavior, though, an the credit card companies will jack your interest rate even higher.
My wife has stellar credit and she has always used credit cards responsibly (unlike myself). She was known for transferring balances to other cards and the rates would usually be in the single digits for the interest. Smart move. But she recently has had some activity from the credit card company that has been quite disturbing. While her transferred balance rate remains fixed, if she happens to use the card to incur any new charges, the rate that she will be charged is nearly 30%!
OUCH!!
Not only that, another credit card has lowered her available credit so that she has a higher debt to income ratio (a unit of measurement that the credit rating companies like Trans Union use to figure your credit score) potentially lowering her credit score. That's a double whammy.
Just be sure to read your statements and mail that the credit card companies send to you. It will make you realize that they are ruthless, greedy companies that don't give a crap about YOU and care about increasing their bottom line more.
Have a GREAT day!
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