Comments | tri_dancer: Money Money Money

tri_dancer

Money Money Money

Oct 06, 2005 14:36

I think you all know that when Tom's parents' estate was settled, we had enough money to pay for Tom's masters (if he still gets it. If not, it will become the start of our future progeny's college fund). We've been meaning to move it out of our savings account into something that will earn a better return, and today we finally got around to it. We ( Read more... )

tom

Comments 3

yoshimi October 6 2005, 20:19:58 UTC

how is it that you're trying to pay your mortgage with a credit card while sitting on a nest egg? i am confused. and also in need of a financial planner.

tri_dancer October 6 2005, 20:37:37 UTC

We *want* to pay the mortgage on the credit card to earn the 1% rebate at REI each month. We pay off our cards in full each month, and our only ongoing debt is the house.

Though in general, I agree that it is smart to not let people put their mortgage and utilities on a credit card. The very thought of earning credit card interest on top of all the mortgage interest you pay sends shudders to my very core!

cyberdryad October 6 2005, 20:44:12 UTC

I've tried to set it up so we could pay our mortgage with a credit card, too. It is a great idea, for the cash back. 1% back on that would just rock! GMAC doesn't allow credit card payments, though, which I understand, because they'd have to pay the credit card company 1%, and that would just add up too fast.

Good luck playing with all that money!