How do you track cc payoff for a blended rate cc? - Mothering Forums
Forum Jump: 
 
Thread Tools
#1 of 2 Old 04-01-2011, 05:12 AM - Thread Starter
 
cristina47454's Avatar
 
Join Date: Jun 2007
Location: New England
Posts: 703
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)

I've been snowballing for a while and use what'sthecost.com, but the numbers are always a bit off. I know that when you are inputting your info there is an option for introductory interest rates that last x number of months...but I have two credit cards that have a portion of the balance at one interest rate, and portions of the balance at other interest rates.

 

So when I input the information, if I'm trying to be anally accurate, should I actually be creating seperate accounts (Discover #1 @19.99%, Discover #2 @16.24%, Discover #3 @ 1.99%) and then have my minimum payment go towards the lowest interest rate and then anything over that go towards the highest interest rate?

 

It doesn't REALLY matter, I realize, but I'm finally making headway on my cc debt and love playing with the numbers....

 

Or maybe there is a spreadsheet out there that tracks better and will do this for me??

cristina47454 is offline  
#2 of 2 Old 04-03-2011, 08:32 PM
 
texmati's Avatar
 
Join Date: Oct 2004
Posts: 6,865
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Quoted: 1 Post(s)

good for you for paying this off! I think you are right-- just enter in the different ammounts at different interest rates as separate debts.


Texmati-- Knitter, Hindu, vegetarian, WOHM. Wife to superdadsuperhero.gif and mom to DS babyf.gif24 months, and DD boc.gif 8 months! .

texmati is offline  
Reply

Quick Reply
Message:
Drag and Drop File Upload
Drag files here to attach!
Upload Progress: 0
Options

Register Now

In order to be able to post messages on the Mothering Forums forums, you must first register.
Please enter your desired user name, your email address and other required details in the form below.
User Name:
If you do not want to register, fill this field only and the name will be used as user name for your post.
Password
Please enter a password for your user account. Note that passwords are case-sensitive.
Password:
Confirm Password:
Email Address
Please enter a valid email address for yourself.
Email Address:

Log-in

Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.



User Tag List

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page


Forum Jump: 

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off