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Oh Great, Another Addictive Site

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Leave it to a woman’s anti-perspirant (Secret) to put up a site that I’ll probably be checking out for a while. It’s all about revealing your secrets (anonymously on the website, of course) for anyone in cyberspace to read.

Most are about love and relationships, but here’s a few that are personal finance related:

This one doesn’t surprise me at all, it’s about a CEO that doesn’t like her job http://www.secret.com/share/secrets.asp?id=6.

I have done this one in the past. I’ve since learned that when I am just being me I am acting more like a millionaire than I previously realized http://www.secret.com/share/secrets.asp?id=15.

This one I know too well http://www.secret.com/share/secrets.asp?id=581.

I haven’t posted a secret yet, but I will soon. I think it is cleansing to get secrets and I have a few that I would like to anonymously declare. And part of me says…why not do it to just do it and live a little dangerously 😉

Bad Money Decision Confession Time #4

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I haven’t done one of these in a while, and this latest one I am still struggling with correcting. It’s more mental than anything else and it drives me nuts.

When I do things I like to do it BIG. My husband is the same way. Meaning, when I make a payment to my credit cards, I like to pay a huge chunk at once. Why is that bad? Because I am actually saving money in my checking account in order to make a BIG payment. So I pay one $600 payment monthly but I could be paying $300 every two weeks.

One benefit of paying every two weeks is that on a yearly basis I would make more total payments!

Paying $300 times 26 weeks = $7,800
Paying $600 times 12 months = $7,200

That’s a whole extra monthly payment that I would be making if I paid my card every two weeks.

I’ve somewhat started doing things that way last month. I sent a few hundred to one of my credit cards one week, then a few hundred a few weeks later. I wouldn’t say that I am on 2-week schedule just yet but I am working on it. When you are used to paying things a certain way (and making sure there is enough money in the bank to do so), it can be hard to change.

But I am working on it 🙂