So. In order to pay for my
new toy I took out a loan. From my mom. Now, I don't really
need to take out a loan - I have credit cards - but getting money from my mom then paying her back is ten times better than letting the couple thousand dollars sit on a credit card with 22% interest for several months or years. My mom only charges me 3% interest, lets me skip a month if I need to (like when I went to Pechanga in March, and when I go to JournalCon in August), and "gives" me payments (i.e., considers that month paid in full) as birthday or Christmas gifts. It's so much better than a bank loan, and it helps her out, too. The banks aren't paying squat for interest on savings accounts these days, so while her money is languishing in the bank at a pathetic 1.5%, she's making 3% off my loans.
The last loan I took out from her almost a year ago was to pay off my high interest credit cards. Trust me when I say the loan balance has dropped a lot faster than any of my credit card balances ever did! I'll have the whole thing paid off in just a few months, and my mom will have some extra money to put away, or spend on something she wants or needs but can't afford. It's a win win situation for both of us.
So, I asked for another loan to buy my new laptop. I really wanted to have it for JournalCon, so I wanted to get it sooner rather than later. This way I'll have the chance to try it out, see if it really works for me. I'm sure it will though. I'm positive it's a perfect match! Just like taking out loans from the Bank O' Mom!
