While recovering from my cardio-thoracic surgery, it’s been a lot of laying low. And not driving, which means not working (as I’m a rideshare-app driver in NYC). BUT it does mean lots of extra time for combing through finances, and I noticed an interesting new slant on things recently. Since the beginning of this year (actually a few months prior to, but I somehow lost track of a few months’ data) I’ve been tracking my net-worth. The process initially began with simply logging into personal capital at the beginning of each month. Then I’d record the figure that’s spit-out at the top. As all of my bank accounts are linked to personal capital, this seemed to be a reliable method.
What does having no credit card debt feel like? Like discovering an oasis in the middle of the desert. How do you get to that point?
You need to make much more than just the minimum monthly payment. And I have transferred big chunks of my balance to low interest credit cards. That means more of each payment is going towards the principal balance, instead of interest. But that wasn’t always the case. Read more