MSE just saved me £1000.00

Hippychick

:money:

By having my lightbulb :idea: moment last month, two credit cards arrived this morning Amex red and IF which will both let me transfer my balances at a rate of 5.9% lob and 4.95% lob. Luckily I have been given enough credit limit to transfer all of my previous cards across.

My previous cards were 14.9% apr and 13.1% apr :eek: by snowballing I worked out that I will save £1013.00 in interest!

I'm very happy today and so glad i found this board. Can't believe how much i was giving to Barclaycard and Mint before!

:money: :money: :money:

Redbedhead

Wow - that is a great saving. Should ensure you clear the debt loads quicker - well done!

Broken_hearted

Great and when they are paid off you will save even more.

Hippychick

Broken_hearted wrote:

Great and when they are paid off you will save even more.

I know I keep thinking If i could save each month what I am using to pay off my debts with i'd be so rich!

We live and learn.

CosmoCat

wow, what a fantastic savings. you see, it really does work!!
(thanks for sharing this, there's hope for all of us yet!)

kuohu

Excellent saving, nice work

domestic_goddess

Thats a massive saving. That should have brought your debt free date loads closer :beer:

ard123en

Hippychick wrote:

I know I keep thinking If i could save each month what I am using to pay off my debts with i'd be so rich!

We live and learn.

thats exactly what i do now and its a good feeling to see it add :j

up keep it and you will get there

Hippychick

Thanks it certainly is a nice confidence booster!

amosworks

Please remember that your new credit cards are still credit cards with low interest rates, not some magical helpful tool that's giving you free money. Credit is still debt, but your cards are just the lesser of 2 evils. When you've use and abused them, destroy them to make sure you never fall back in to that debt trap again.
Good luck!