It seems as if when I run out of financial things to blog about, I list a bunch of my personal financial calculations. I've run out of things to blog about, so here goes...
Daily interest for the month of February:
First a couple of caveats -
I was comparing my Nov. daily interest to my Jan. daily interest. I was patting myself on the back for reducing daily interest by what seemed quite a bit. Then I realized that Nov. is a 30 day month and Jan. is a 31 day month. That extra day makes quite a difference. A month like Feb., even with the leap day would be even more over stated. So, I'' make my calculation using 30.4 days, the average number of days in a month. Makes for a better month-to-month comparison.
Also, I've transferred the balance of CC4 to a 0.0% card, but the transfer didn't happen fast enough, and I was charged interest in Feb. So my totals will reflect that.
Drum roll, please.
For the month of February I will spend each day:
$2.99 on credit card interest
$3.67 on above plus auto loan interest
$21.45 on above plus mortgage interest
Another calculation. In August I calculated my credit card balance to retirement savings ratio. At that time it was 20%. That is for every dollar I had saved toward retirement, I had $0.20 in credit card debt. My current ratio is 10.47%. It's been cut almost in half since August! Of course, I heard on the radio that Jan. 2012 was the best month the stock market has had since 1997.
That's it for no. If you've made it this far, thanks for reading.
Mid-Month Ramblings
February 15th, 2012 at 02:05 pm
February 15th, 2012 at 03:47 pm 1329320847
February 15th, 2012 at 04:12 pm 1329322377
February 16th, 2012 at 01:00 am 1329354013
February 16th, 2012 at 01:56 pm 1329400573
February 16th, 2012 at 04:49 pm 1329410950
February 16th, 2012 at 06:49 pm 1329418152
The one thing that bothers me most is that all of these individuals are desperatley poor. Yes, due to decisions they have made, but desperately poor none the less. And yes, a lot of them have had brushes with the law (or just plain incarceration) in the past too.
I guess it's just a cycle that continues and continues. Our whole objective has been to deliver this boy out of that cycle.