A Penny Saved

My wife and I finally decided that if we didn’t replace the fridge that came with our house, that it would fail at the most inopportune moment. Since we live in an extremely limited town and only really had one choice for appliance shopping, we headed up to Sears to make the purchase. Another good reason for going to Sears was that we had a Sears Mastercard that we could use to make the purchase. I hate adding on Debt, but sometimes you have to do what you have to do.

An interesting side effect of doing this was that the card hadn’t been used in so long that it had been turned off. We then had to turn it back on. Several days later we received the official “welcome back” letter from the card along with several convienence checks to use to transfer balances. With the extra credit on this card we could transfer balances and pay only 3.99% on the life of the transfer. We took the opportunity to transfer two balances from debts that we were currently paying 24.99% on. Effectively saving ourselves 20% over the remainder of the life of the credit loan. If we were to only pay the minimum payment to pay off that balance, the savings alone would pay for the fridge many times over.

Just goes to show that sometimes things go the right way.

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