I paid off the last of my student loans. I also did a "draw" (distribution of profits) from my business checking account in the amount of $8,000. My business also paid me $750 for the month's rent of the office space.
This month is also a milestone: my first experience with credit card arbitrage. I did three balance transfers:
That's a total of $65,500 at the small cost of $397. I'll be sticking that into my ING Direct checking account with an APY of 3.2%. I'll still be looking for a higher rate elsewhere.
- $10,500 for $99 fee
- $20,200 for $99 fee
- $34,800 for $199 fee
That's a total of $65,500 at the small cost of $397. I'll be sticking that into my ING Direct checking account with an APY of 3.2%. I'll still be looking for a higher rate elsewhere.
I still haven't received my balance refund checks from CitiCard yet. (This is related to my credit card arbitrage.) This explains the huge drop in my net worth.
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