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 Replies: 37 / Views: 4,237 |
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Valued Member
Canada
276 Posts |
... who gets bill notifications on paper these days?
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Valued Member
United States
109 Posts |
You Can Get C/C Under 10 %, Need To Flip Those 24.99 % & 13.49 % Cards, Just Look For The Offers, They Will Also Have 0 % For 6 Mo to a Year, Find These & Then Work on Getting Them Payed in Full, Not Paying All The Intrest. Good Luck & Get Back To Psying Cash. Look at All The Change You Will Be Getting To Look Thru. Good Luck
Boatman
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Pillar of the Community
United States
1080 Posts |
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Look at All The Change You Will Be Getting To Look Thru. I do think debit is killing this hobby for exactly this reason. The credit card companies are so nice -- if you overextend, they have a mandatory credit/discipline program they put you through... they close your accounts and make you learn to live within your means. My other hobby is watching those balances evaporate every month! woo-hoo! It honestly has been a good experience as a young couple -- learning to just spend the actual cash we have. (I can say that now, 5 years out.) |
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Valued Member
United States
85 Posts |
I'm with a lot of the reply's here. I don't use the credit card, with the exception of large purchases and that is only when I have cash in the bank to pay the balance in full the following week. Credit cards will get you into a lot of trouble and very quickly.
You had mentioned "Hope the other half doesn't find out" and that is a very bad statement. There should not be any concealment in relationships, especially when it comes to finance since this is the number one factor in divorce these day's.
As one user pointed out, If you don't have the funds available at time of purchase, you shouldn't be making the purchase. I was in a similar boat however, years ago. I was racking up charges on various accounts and spending everything as it came in, plus some! Then a co worker handed me a book called "The total money make over" by Dave Ramsey. I read the book over the course of a weekend and it clicked, I went what the heck am I doing. I started implementing the common sense advice in the book and got myself out of the hole I was venturing down. Now I'm debt free aside from the house and it's a nice feeling.
Check out the book if you want, It changed my life and the life of tons of others, no gimmick just straight talk and common sense. It will cost you $24 for a new copy of the book, but there's no sell up!
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Pillar of the Community
United States
573 Posts |
Get rid of the plastic! We "managed" our credit card debt for years until we decided to pay off the credit cards and go cash only. Now both vehicles are paid off and we only owe on the house.
The two most important things are discipline and a budget. Like emh said, Dave Ramsey is a great resource. He says that every dollar should have a name (what it gets used for). Set your budget and don't waver from that, no matter how tempted you are. I developed an Excel spreadsheet for our budget. If anyone wants a blank one, PM me and I can send it to you.
Pay off the debt and you'll be amazed at how much extra money you'll have every month. Imagine being able to take the interest that you pay every month and use that for coins.
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Bedrock of the Community
United States
10284 Posts |
Don't use one except for gasoline and I wish my wife would pay it off every month like we are supposed to, but she lets it go. I hate paying more than too much for anything.
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Valued Member
United States
287 Posts |
Dave Ramsey is great, we have a lot of friends that have done his "financial peace university" and it gets great reviews. He also offers a childrens program and 6 books that we got our son for christmas this year. BTW- if you go to his website to buy something, you can't pay with a credit card! haha
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Valued Member
Canada
276 Posts |
Avoiding credit cards is only a good idea if you can't handle it. They're a great tool, and excellent for building a credit history, easy access to cash, great for travelling, secure for moving around with access to a large amount of money.
But people today havn't learned to manage money, so credit cards get a bad rap. Except in the states, where the laws are so lax that CC companies get away with predatory practices.
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Pillar of the Community
United States
2734 Posts |
Even I, "Mr. Pay-In-Cash", bought one thing with my credit card this year: My new laptop. I charged it just to cover my behind. I could file a chargeback in case the laptop was DOA and the retailer was uncooperative. I paid off the entire balance three days after the purchase, so no interest charge.  I probably should have charged my 1080p TV instead of paying cash for the same reason, but laptops are statistically more likely to have early-onset problems than TV's... |
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Valued Member
Canada
85 Posts |
Cash only ..... got away from credit cards years ago
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Pillar of the Community
Canada
1051 Posts |
Pay them off and burn them. I can see nothing currently more damaging to the health and happiness of most people that debt, particularly of the credit card variety.
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Bedrock of the Community
United States
10982 Posts |
I use my VISA credit card to pay for everything I possibly can. 1% Cashback adds up and I pay the balance in full every month.
If you cannot pay the balance in full, hide the card and don't use any credit card until your balance(s) is paid in full.
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Valued Member
Canada
307 Posts |
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It's time to spill the beans, let me know how You feel when Your holding that brown envelope and Your getting ready to open it! I am now also part of the cash or debit only crowd  but Glenn there was a time when once a month I would mouth vomit  and hope the bill stayed my dirty little secret.  I would curse myself and then reach for the card for another coin that I had to have...that is why coin collecting is an addiction...I had to have..  |
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Pillar of the Community
United States
3592 Posts |
I guess the consensus is that you should only have a credit card if you know how to use them.
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Pillar of the Community
United States
1007 Posts |
I don't own one of those awful things and I'm glad I don't. There's nothing worse than owing a bank a bunch of money and they're charging you obscene interest.I paid mine off many years ago and cut them up.
I do, however, have a VISA Check Card which acts like a credit card but it takes the money directly out of my checking account. If I don't have the cash in my account I don't buy whatever it is, or I save up for it.
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Replies: 37 / Views: 4,237 |
First Page
Posted 02/06/2011 10:48 am
