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Keeping Track of Profits

freaksaver
Posts: 92 Forumite


Hi All
I am after a bit of advise.
I have been stoozing for a while now and keep getting 0% deals with around £54,000 currentlybetween me and my hubby. I have maxed out our ISA allowances and have the rest in a HISAVE account (ICICI). As the money is all in one account and the deals run out at all different times, I am finding it difficult to keep a track of what profit we are currently at due to all the handling fees etc that are currently on the 13 cards.
Does any one have any suggestions as to how I can work out profit/projected profit etc accurately. The way it is working at the mo is that I know I will make a profit but will only know the amount when I pay off my last credit card but as I keep getting more and more deals this is going to be at least 15 months as things stand at the mo.
Any help would be much appreciated?
Freaksaver
I am after a bit of advise.
I have been stoozing for a while now and keep getting 0% deals with around £54,000 currentlybetween me and my hubby. I have maxed out our ISA allowances and have the rest in a HISAVE account (ICICI). As the money is all in one account and the deals run out at all different times, I am finding it difficult to keep a track of what profit we are currently at due to all the handling fees etc that are currently on the 13 cards.
Does any one have any suggestions as to how I can work out profit/projected profit etc accurately. The way it is working at the mo is that I know I will make a profit but will only know the amount when I pay off my last credit card but as I keep getting more and more deals this is going to be at least 15 months as things stand at the mo.
Any help would be much appreciated?
Freaksaver
0
Comments
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You could spend time developing a spreadsheet (a lot of stoozers do), but to be honest I just use the stoozing site calculator 'up front' and knock a month off the duration (ie enter 11 months for a 12 month deal, to allow for start up/shutdown losses).
www.stoozing.com/calc.htm0 -
YorkshireBoy wrote: »You could spend time developing a spreadsheet (a lot of stoozers do), but to be honest I just use the stoozing site calculator 'up front' and knock a month off the duration (ie enter 11 months for a 12 month deal, to allow for start up/shutdown losses).
www.stoozing.com/calc.htm
Thanks for this. I am just starting to look at stoozing. I have my Egg card and other cards I could transfer at 0% on, I just need to pluck up the courage to 'got for it'.I want to be credit card and loan free by Christmas 20100
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