Hi everyone
Yes we did pay a lot of the principal & that was the intention. It is good to look at the balance once a week. It makes me less inclined to spend – do I really need that $100 shirt or is the money better left in the account.

Yes, it is easy to overspend when using a credit card (& it is a constant worry for my hubby as we now have a…[Read more]

Hi Sach

My husband & I have been following this method for the past 4 years – and provided you are disciplined with the LOC account & credit card, it works very well – it has enabled us to achieve a large amount of equity in our home in a short relatively short period. We went from owing $110000 down to $50000 (saving a heap of interest compared…[Read more]