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Posts Tagged ‘phone internet’

I have 00 in savings. I have a credit card that has 00 on it.

I just bought a house and believe I am living simply and within my means. After all mortgage payments, car loan, student loans, and the above mentioned credit card, I have about 5 for the month.

If I consider electric and phone/internet that’s about 0. Leaving me with 5 for gas and groceries. Sewer and water bill are negligible.

The credit card has a minimum payment of about monthly.

I’m most comfortable having the least amount in monthly expenditures.

Would it be wise to just pay off the credit card with the money from savings and free up that each month? I’d then have about 00 in savings and would hopefully be able to save a little bit each month, but my monthly expenditures would be less.

Advice appreciated.