Tip: Keep up with Credit Card Terms & Condition Changes!

A couple of weeks ago I got an e-mail from Wells Fargo noting that the terms of my credit card was going to change by November. Deciding to check it, I at first didn't notice any major change other than the fact that they were going to raise (!) my APR around 1 percent. They also happened to update the fee schedule, which took a little closer look to realize the changes they made. In it, I found out they removed the cap for their Balance Transfer fees.

While this change doesn't affect me all that much, for others, it could make a huge difference. Transferring a balance could cost a couple more hundred dollars than before, especially if you're looking at a huge amount.

So when you get these notices, don't ignore them. At least take a quick look, because if you don't, it could end up costing you a lot of money.

Update - My Current Financial Situation

So I haven't touched this in awhile. Perhaps I'll start trying to blog in this more and try to provide more substantial content. In the meantime, here's where I am:

Assets: $14,101,90
Liabilities: $3,863.42
Net Worth: $10,238.48

However if you look at my liquid accounts only, it's a different picture:
Assets: $2,012.48
Liabilities: $3,863.42
Net Worth: $-1850.94

I spent a lot more on a trip than expected, and when combined with giving a lot in May, I find myself in the red overall. In the next two months though I expected to rectify the situation, and be in positive territory.