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Additional payment on credit card

May 8th, 2020 at 08:15 pm

My paycheck from my part-time job came in and I will transfer that to my credit card balance. This will get the credit card right under $3,000. I could pay this off in full but I also want to build my cash reserves. This card is at 0% until September. I still have no idea what the summer will look like, so I would rather have cash. I usually do some sort of summer job for extra funds and that may not be happening this year.

Besides that, nothing too exciting. I've had a couple of meetings and I am doing job paperwork all day so I can hopefully focus on teaching during the week.

Posted in Debt | 2 Comments »

2 Responses to “Additional payment on credit card”

  1. Wink Says:
    May 9th, 2020 at 04:55 pm 1589043327
    1589043327

    Building up savings seems to be a common strategy these days. It's smart to do with things being so uncertain.

  2. rob62521 Says:
    May 10th, 2020 at 07:21 pm 1589138502
    1589138502

    Personally, I think it is a good plan to build up some savings. I don't think the economy is going to bounce back very quickly even if more states reopen. Too many people are in need.

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