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re: Financing a purchase via 0 interest credit cards
Posted on 1/31/16 at 2:58 pm to GRTiger
Posted on 1/31/16 at 2:58 pm to GRTiger
I don't see why you shouldn't. It sounds like you have a good gameplan and can just pay it off if another 0% offer isn't available at the end of the term.
I just transferred a $8k balance from one 0% card to another. I think there was about a $250 transaction fee. I plan to put at least $8k into my retirement account before the deadline for the 2015 tax year expires. So I'll save over $2,000 in taxes.
Plus I'm on an income based repayment plan where my student loans are forgiven after making 25 years of payments. That payment is based on my taxable income. So the $8k retirement contribution will lower those monthly payments for a year.
I just transferred a $8k balance from one 0% card to another. I think there was about a $250 transaction fee. I plan to put at least $8k into my retirement account before the deadline for the 2015 tax year expires. So I'll save over $2,000 in taxes.
Plus I'm on an income based repayment plan where my student loans are forgiven after making 25 years of payments. That payment is based on my taxable income. So the $8k retirement contribution will lower those monthly payments for a year.
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