Welcome to your My Money Tracker! A spreadsheet suite that will help you uncover the hidden secrets in your spending so you can get out of debt, manage your business, and create a solid plan for financial success.

How often can you apply for credit cards? Does it look bad on your credit report if you apply for many credit cards? My husband and I have 5 credit cards. Our credit rating is good, so most of our interest on our cards are between 5 and 7%. We owe $19,000 and I am currently emptying one of our cards so that we can transfer the entire $19,000 using their 2.99% life-of-the balance rate.

My wife and I have a lot of credit cards. WE would like to cut them up so we don’t use them. Should we notify the companies first to cancel them? We are having trouble paying them. Thanks for your help.

Let’s take a close look at an offer I just received from my Barclay Card. This offer came with a cover letter with the details of offers as well as more specifics on the reverse side plus four checks (blue and white) that I can write out to whoever I want. It is largely do to offers like this one that I’ve not only been able to borrow money at 0% for more than 15 years, but also have been able to earn money from my credit cards.

My best friend is having severe credit card debt problems after a period where he had to use the cards after being laid off and having difficulty finding work and also unexpected medical bills that accumulated during his time off work. He has a balance hovering around $33,000.00. Using your suggestions I have helped him get reduced (temporary) finance charge percentages and have transferred some of the debt to lower interest cards (thanks to you!). The problem is, while he is currently able to make the monthly payments he is BARELY able to do so. Should he seek credit counseling or debt reduction?