Two Goals One Account

So, I have a store credit card that offers promotional no interest on purchases as long as you pay the balance off in a given amount of time. 

I currently have a balance on one of these cards that had a six month no interest promotion which I currently have a goal set to pay 1/6th of the total amount each month and I am on my third month so the balance will be paid in August.

I am about to make a second purchase on the same card which has a no interest for 12 month promotion. 

So, my dilemma is that I want to set up two goals. One to pay 1/6th of my current balance each month for the next three months and then 1/12th of my new balance for the next 12 months. Can this be done? 

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  • Not in the way you want to. You'd have to set a goal of (1/6 x current balance) + (1/12 x new balance) for the next 3 months with a note to change it to 1/12x new balance for the next 9 months.

    Edited to add: I've just noticed that's not exactly what you said but I assumed you wouldn't have 3 months grace on the new purchase. An alternative if the new goal is too much is 1/6 x current balance for the next 3 months and then 1/9 new balance to spread the new balance repayment over the remaining 9 months. 

      • Noguarde
      • Noguarde
      • 1 yr ago
      • Reported - view

      monkeyhanger Unfortunately, that's what I figured. I was just hoping that I was overlooking something. Thanks for the confirmation!

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  • 1 yr agoLast active
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