in Debt-free wannabe
3 replies 658 views
Just thought I will share this idea with you guys.
On the same day every week we do a 'bank skim' and send that money to our credit card if we have a debt or to our savings account. The amount sent is based on the last 3 digits of your bank account. It is literally a 'skim' but every little bit helps with lowering the amount paid in interest. I always base it on the pending balance and leave a 5 or 0
Today the last 3 digits were ##1.16 so I sent 1.16, this left my balance at ##0.00.
If that had been 6.16, I still would have sent 1.16, leaving ##5.00.
##8.53 = ##3.53
##4.87 = ##4.87
This isn't about sending huge amounts of money, it is about drip feeding and I never send more than £5 in one go.
Last month I sent £8.25 which doesn't sound alot but it was half the interest.
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