The Interest Monster Stole my Louboutins

After writing the sentence “For the first time in at least 3 years the interest on my card was under $100” yesterday the gears really started grinding. At one point the balance on my card rose as high as $9,500. Nine THOUSAND five hundred dollars. That's twice my current balance! Which means over the course of 3 years I paid anywhere from $3600-$7200 in interest alone.

If I had been able to save that same amount per month over the same period of time, even earning the paltry 1.1% I would have had $3676-$7420 in the bank today. Just think what I could have done with the money (besides saving it, cause that’s just not that much fun)

I could:

• Of put more money down on the house
• Remodel the kitchen, or complete any of the open-ended projects we have around the house.

• Have one heck of an emergency fund going.
• Take a vacation with SSBF (that doesn't involve mooching off the rents)

Or since we are talking about me here I could buy:

• 2 (or 3) pairs of Louboutins.

• An entire Elizabeth and James wardrobe (love Elizabeth & James)

• A classic Burberry Trench

• Whatever I wanted from the J.Crew catalogue

• A gigantic Chloe Satchel.

You get my point right? Paying interest sucks. Don’t let it happen to you.