In order to save some money on my debt, I decided to take advantage of a few low interest rate specials on my credit cards. This involved several moves, as I had to move money around a few different products.

1. Move the balance from Visa #1 to PLOC #1.
2. Move part of the balance of PLOC #1 to PLOC #2.
3. Move a part of the balance from PLOC #2 to Visa #1.
4. Move a part of the balance from PLOC #1 to PLOC #2.

Phew, that was a lot of work, and entailed a lot of waiting, but I did it. I successfully managed to save money on Visa #1 (3% deal till the end of the year), on Visa #2 (4% till October, started using this in May), and moved more of the balance from PLOC #1 that has a 10.5% interest rate over to PLOC #2 that has a 9.75% interest.

You may think that there’s not much difference between the two lines of credit, however I am trying to get rid of the one at bank #1, as I no longer deal with them (plus they kept messing up on my accounts & payments and things). So I’m pleased that by Labour Day I will have moved over the remaining debt to PLOC #2, which is at my preferred bank. And hopefully by then I will have also gotten a new job, or started some freelance work, so all will be well.

Speaking of incoming funds that will help out, I believe I am coming up on my penultimate payment from my former company. This should be my last “regular pay” payment, and then the final payment is a lump sum “please don’t sue us” payment. I’m most looking forward to that one, seeing as it will allow me to save more on my debt by reducing my interest calculations for a bit.

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