After reading a few other blogs where the authors sold multiple items on Ebay and made a nice profit I decided to try my hand at the eBay game.

Over the last 10 years I ahve built up a pretty impressive library of books for a 25 year old. I love to read and I love to read on MANY different topics. My enjoyment in this activity left me with well over 100 different books, covering all different topics: textbooks, fiction, sports, history, finance advice, etc. I also have many golf clubs laying around that others would certainly be willing to snatch up.

I decided to list essentially book I own on eBay , as well as 3 or 4 golf clubs, and other items.

Being a newbie in the eBay game, I was a little unsure how much to charge for shipping, etc. Therefore I underestimated the cost on a few items and ended up taking a loss on the shipping portion.

But other than that it's fun and I have turned a nice profit in less than a week. Now, obviously this isn't a true profit in the sense that I sold a book for more than I originally bought, but it still feels good to have the cash in my pocket. I ahve decided that I will take 50% of the total proceeds and put it towards my credit card debt, with the other 50% going into the $25 challenge pot.

I will give you a purely "hypothetical" situation (and by hypothetical, I mean my exact situation) and ya'll tell me what you would do.

I have about $2,600 in credit debt that is being charged 0% interest and will continue to do so until January of 2008.

If you had $400 of discretionary income each month to either pay this credit card down or put into a savings account earning 5% what would you do?

Seeing as how we are in the midst of a "national savings epidemic", I started looking at my savings habits (which are rapidly improving) and my usage of credit cards.

I opened my 1st credit card 7 years ago, at the age of 18. Of course, my parents said that it was only to be used for emergencies. Apparently my college brain decided midnight pizza and beer was an emergency becasue I quickly racked up $5,000 in debt on that card (which i have since paid off). Being a serious golfer, I was able to take advantage of the "Golf Digest Rewards" that were offered with the card. I currently pay 13.99% on this card, but rarely incur an interest charge as I pay it off monthly.

I opened my 2nd card at the end of 2006 when I received a "0% interest for a year!" offer in the mail. I bought myself a new set of golf clubs, as well as financing trips to S.F. to see the girlfriend. On this card I earn points towards various stores and restaurants. I hope to have this paid off by the end of the 0% period in December.

Just this month I opened my 3rd card an American Express Rotarian World Points card, which donates $1 to the local Rotary for every dollar I spend. I also earn 1 "World Point" for every $1 I spend, which goes to Travel Rewards. i have 0% interest until April 2008.

So as it stands now, I have 3 credit cards with a total of $2,800 outstanding debt that is being charged zero interest. The $2,800 represents 11% of my total available credit. I have no plans to open any more credit cards. 3 is enough for me!!

What is everyone's experience with too many credit cards or not enough credit cards?