Dimples' Divine Domain
My journey to financial empowerment.

Finally. CC Debt Zero Day is sooo close I can smell, feel, and taste it!! I'll get straight to the point. I have saved a total of $6734 to date since I started my new job in late July. I plan on using $6K of that to pay off some debt. I sat down today and did some analysis on my current credit card debt situation and looked for the best way to go about paying them off. I looked at each card's balance, limit, APR, minimum monthly payment, and last month's finance charge. I ran different pay off scenarios focusing on different key points. For example, in one scenario I focused on paying off my credit cards by balances starting with the highest balance first while in another I looked at paying off the cards by APR. Here is what my credit card debt situation looks like: CARD BALANCE LIMIT APR MINIMUMS 1 $7165 $8500 19.99% $200 2 $3976 $6500 16.99% $93 3 $865 $1100 9.99% $25 4 $735 $1500 14.99% $20 5 $172 $1200 9.99% $10 6 $95 $1150 24.99% $20 Based on the my an...

Here is some interesting articles that I found this weekend. Check them out. Remember, knowledge is key. - All that money you've lost — where did it go? - Decoding the Lingo of the Financial Crisis - Don't panic!, and other words of wisdom from market vets Excerpt: "Finally, I'll leave you with this gem from Nick Perry. "Take everyone, including me, with a grain of salt," he asserts. "This is just simple common sense. The advice given out in the media may come from a great source and be perfectly valid. However, you need to make sure it fits with your goals and risk tolerances. " - So the guy in charge of spending the $700 billion used to be a rocket scientist?! Great.... - A rare silver lining amid the chaos? Who would have ever thought that this was the way to lower gas prices..... - CDs seem to be the way to go at the moment. Check out the top 100 high yield rates for 1 year cds - Bailout goodies beyond Wall Street by Kay Bell Good news, t...

Craziness. Ri-damn-diculousness. Straight bull....... Those are my thoughts on the current state of the economy. I could go further but I don't want to. I am economic crisis'd. I have been on the net searching here and there trying to understand what exactly is going on and how all this may affect me. I have been searching and there doesn't seem to be a positive out look on what's going on and it doesn't look like it is going to get better any time soon. It may actually get worse. My 401K has decreased by $3000+ in the last 2 months. One day last week, I lost $1000 overnight. That was too much for me. So after doing some research and talking to a financial advisor I decided to move what was left in my account into a money market fund. Prior to that I had 40% in aggressive and 60% in growth. Since rebalancing my account on Monday it has actually gained $50. Now I know some folks aren't going to agree with my decision but I felt it was the best thing fo...