Over a year ago I was put on temporary lay-off from my job. The end result was me maxing-out my modest line of credit from a handful of credit cards. Hey, I had to help out with the cost of living, and even had a $300 book bill during the semester! But, enough of that.
I decided that it made no sense for me to continue to pay hundreds of dollars, a month, in outrageous interest fees on my cards. So I took the bull by the horn and negotiated a settlement with the bank connected to two of my cards. I am happy to report that I negotiated a settlement that will result in me paying off both cards within a week. Mind you the cards have a 27% interest rate on them!
Marcos has taken the brunt of the financial pressure. However, we knew that going into the arrangement of me attending school full-time and working part-time. I have contributed financially and do my part by maintaining home and hearth. Overall it's been by my goal to figure out a way to increase what I can contribute financially.
My little plan is going to result in my cash flow being freed up within a few weeks, enabling me to cover more of the monthly cost of living expenses. I just gave myself a pat on the back.
