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Tuition Reimbursement.

January 5th, 2009 at 09:47 pm

I will be getting $413.10 Tuition Reimbursement on top of my new salary increase on the 15th of this month. WooHoo. I debating should I transfer the money to my EF or should I send it to pay down my cc debt? I am leaning towards cc debt. I had already made plans to increase my payments from $405.05 an month to $500.00 a month to pay off my cc debt quicker. Wow if I make my $500.00 payment and add my $413.10 Tuition Reimbursement to my cc debt it would be $913.10. In addition, it would decrease my cc debt to $1350.85. Oh, my can or will I do it? I hope so.

Oh yea I'm also getting my money back from the cancelled cruise trip that I was suppose to have taken in Dec 08. I will place that in my Checking account.

Posted in Credit Card, Finances | 4 Comments »

4 Responses to “Tuition Reimbursement.”

  1. creditcardfree Says:
    January 5th, 2009 at 09:49 pm 1231192153
    1231192153

    I would send it to your cc debt. You'll be so much closer to zero.

  2. gruntina Says:
    January 5th, 2009 at 10:00 pm 1231192809
    1231192809

    nice! my grades are not even sent out until the end of next week for last semester courses. Until I get it, I then can submit it for tuition reimbursment claims. I am already on the winter and spring semester starting tonight.

  3. Koppur Says:
    January 5th, 2009 at 10:38 pm 1231195108
    1231195108

    I vote for the CC debt. Chances are your interest rate on the CC is higher than the interest rate you will earn on it in the bank.

  4. Amber Says:
    January 11th, 2009 at 02:36 pm 1231684561
    1231684561

    I say cc debt. I just took money from my house and EF to pay off two CC, which had higher interest rates than the saving accounts

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