I have decided to do the majority of my Christmas shopping online this year. In fact, even though I like bargains, I am going to forgoe going to any stores on Black Friday. I might, however, take a peak or two at Amazon’s Black Friday page and see what I can find for my family and friends. I would like…
Month: November 2008
How Do Credit Card Companies Calculate Minimum Monthly Payments?
Do you know how your credit card company calculates your minimum monthly payment? In the past, most companies calculated your minimum payment as 2% of your account balance. Now, however, many companies are using a new formula. The minimum monthly payment equals 1% of account balance plus finance charges plus fees. Assuming an account balance of $4000 at 16% APR:…
Hit A Deer
Last Friday night, while driving my daughter home from gymnastics practice, I hit a deer with my car. (Technically, the deer hit my car, too.) My car suffered some damage to the right front fender, and both passenger doors. The car’s passenger-side mirror was destroyed. Thankfully, my daughter and I are find. I’m not able to say, with any level…