Umm, oops? I signed up to host the Carnival of Debt Reduction a couple of months ago and totally forgot about it until I saw Mighty Bargain Hunter's post about the carnival. At first I thought he had gone nuts but then I realized that no, I'm really just a Carnival Flake. My apologies to all! But check out MBH and the posts he's selected for this week.
I'll ban myself from hosting carnivals from now on. :)
The debt reduction has reached a snail's pace but I'm still trying to make progress towards my goal. Soon, very soon, I will be able to say that I'm free from credit card debt.
I finally received my pin number from HSBC but I refuse to transfer any money to this account. The 0% interest balance transfer game is tricky business and the last thing I need is for HSBC to mess something up and cost me a lot of money. I made $90 in interest last month from the money I borrowed from my credit card at 0%. It feels good, like I am recouping some of the money I have paid them in interest over the years. But I must caution that I wouldn't recommend it to everyone. You must be extra vigilant to make sure that all of your bills are paid on time or they could spike your interest to some ridiculous amount and you'll be in a bad position.
On another note, if you haven't seen it yet you should check out the movie,The Inconvenient Truth. It might not necessarily be directly related to debt reduction or personal finance but it will make you think twice about the consequences of consumption and material excess. If financial freedom, peace of mind and a comfortable retirement doesn't motivate you to save your money and stop buying "things," perhaps the end of the world might give you the impetus to reconsider your spending habits? I kid, I kid. Kind of.
The website also has some eco-friendly money saving tips. Check it out.
Tuesday, June 06, 2006
I'm a Carnival Flake
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4 comments:
We are trying to pay off our debts too! It's nice to find others who are defying the system and getting out!! :)
Off to click an ad or too to get you some money for your debt payoff.
glad to hear that the credit card debt will be coming to a close in the not so distant future! i know you have dedicated yourself :) :)
i hope to see that documentary sometime this summer. it looks like it is pretty profound and i heard it was really well done
I will have to watch that. Thanks.
Great blog! May I offer a tale about HSBC? My Fiance had an account there for years and got fed up with all the fees and Customer Service hassles so he closed the account. Or so he thought. According to HSBC, he owes them something like $600 because instead of closing the account as requested, the bank continued to charge him a monthly fee and then charged him an overdraft fee because he had no money in the account to cover the monthly fee! He's been going around and around with them for a few months now and I don't know if it's ever going to be settled. We love our ING account, though!
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