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I Finally Did It…I Gave My Notice to One of My Jobs

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I finally scrounged up the courage to quit one of my part-time jobs. While I will miss the extra income, it will give me more time to focus on learning more (with taking a certification course) and that will help give me more earning power overall. I could even start my own business down the road if I wanted to.

It’s funny, because before I started on my debt-reduction journey, I don’t think I would have taken as long to quit. I’ve really thought through this decision and played out many different scenarios in my mind. How much less money a month would we be making? How much less money a month would I be spending?

The affect on our finances is important, but I couldn’t forget about other things. Would my stress level decrease? How much better could I keep track of home-related things? Would I be happier overall?

In this case, the part-time job was bringing in around $100/month (net). Every little bit helps when you are trying to pay as much debt as possible. But the stress caused from working over 40 hours a week was getting to me. There were deadlines at the part-time job and keeping track of everything was starting to overwhelm me. I think health and sanity wise – it was best that I quit.

I did give two month’s notice, so I have a little bit to go yet before I’m done. I feel like a big weight has been lifted off my shoulder. I’m pretty sure I made the right decision.

My Balance Transfer Decision

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Last week, I was trying to figure out what balance transfer to complete because one of my balance transfer offers was ending.

Here were the offers:
CC#2 – 6.90% for six months, no balance transfer fee
CC#3 – 7.99% for the life of the balance, no balance transfer fee

What I ended up doing is taking the offer for CC#2 and transferred $5,100. That leaves only a few dollars left on CC#4 which I will pay soon. The reason I took that offer was because I was hoping the six month timeframe would help motivate me to get it paid off. If I couldn’t pay it off, I was hoping there was a balance transfer offer I could use to shift the debt around again.

Yesterday, I received a change in terms for CC#3 in the mail. They will be imposing a maximum balance transfer fee of $250 (instead of $60).

That makes me uneasy because it seems that lately there are fewer “no balance transfer fee” offers. I felt I really fortunate with the two offers that I had to choose from. I also fear that the raising of the maximum fee for one card could signal a wind of change for other credit card companies.

I’ve refered to shifting debt around as playing the balance transfer game. I just wish I had a better look at their cards! 🙂