HalfBlackRazorback
Superstar
Im calling it tonight Bray Wyatt beats Bryan and the IWC explodes
Joined on: Dec 28, 2013 8:43:18 GMT -5
Posts: 710
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Post by HalfBlackRazorback on Dec 28, 2013 13:28:15 GMT -5
I have in the past I recommend paying with cash bill me later can add up fast
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Post by Hulkamaniac on Dec 28, 2013 15:34:30 GMT -5
I think I used it once when it was new and they ran a promotion to save some money. My fiancee uses it once in a while, I think, though not really out of necessity. Whatever the case, and since I assume you're a younger guy with likely little experience in such things...as some have already stated, don't ever get yourself into something you can't ALREADY PAY OFF if you needed to. Treat credit cards like cash or debit cards, barring a catastrophe or something like that I suppose. Know what you're spending what what it's going to and be prepared to not spend anything that you can't pay off within the month. Simple philosophy by which to live. If you have the money to pay now, why not pay now? Sent from my Nexus 10 using proboards
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ozz
Main Eventer
Joined on: Aug 1, 2011 16:37:04 GMT -5
Posts: 1,394
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Post by ozz on Dec 28, 2013 16:19:34 GMT -5
I think I used it once when it was new and they ran a promotion to save some money. My fiancee uses it once in a while, I think, though not really out of necessity. Whatever the case, and since I assume you're a younger guy with likely little experience in such things...as some have already stated, don't ever get yourself into something you can't ALREADY PAY OFF if you needed to. Treat credit cards like cash or debit cards, barring a catastrophe or something like that I suppose. Know what you're spending what what it's going to and be prepared to not spend anything that you can't pay off within the month. Simple philosophy by which to live. If you have the money to pay now, why not pay now? Sent from my Nexus 10 using proboards I like the rewards, travel account status, and other perks that I get out of my various cards. I usually travel a lot for work (this year was every week for 8 months, next year will be minimal if any though) and they add up a crazy amount. When I travel for leisure, I have a lot of perks to use up. Not to mention having a free month's loan to keep money invested elsewhere, thus earning higher returns, isn't a bad thing either. Hey, it all adds up. I'm not the type that "needs" a credit card or finds them necessary whatsoever as if I have no other options. They're just another tool in my Scrooge McDuck toolbox. I'm not sure if you meant to suggest at all that I should just use cash instead of a CC because I might get caught up in it, as many have such a mindset, but I've no iota of financial concern in my life. I'm just a very, very, money-oriented person. I develop some habits to earn a bit, and then they all add up. One has turned into a side business and now it's just a simple "basically runs itself" deal that I never worry about. If I can get free and easy money, I'm all for it as long as it's worth my time. /shrug edit: I also have the money to pay off my mortgage but my investments are earning me more than the mortgage is costing me. I put my money where it best fits for my goals.
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Post by Hulkamaniac on Dec 29, 2013 9:15:01 GMT -5
I'm more risk averse. I've tried the "leverage your debt" philosophy before. It worked fine until it didn't. The second you find yourself out of a job for a prolonged period of time or something else hampers your ability to handle the debt you find out you're building a house of cards. At least that's how it was for me. If I had the money to pay off my mortgage right now I would. From a purely risk perspective you eliminate the risk of ending up on the street.
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ozz
Main Eventer
Joined on: Aug 1, 2011 16:37:04 GMT -5
Posts: 1,394
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Post by ozz on Dec 29, 2013 10:02:56 GMT -5
I haven't got all my income eggs in one basket, but I understand what you're saying. If push came to shove I've got a couple years worth of monthly bill money "ready to go" anyway. I don't spend it because if I did, next thing you know tragedy strikes elsewhere.
This and I have a side business which alone covers my monthly bills and then some. I THINK I'll be OK.
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Post by Hulkamaniac on Dec 29, 2013 10:07:57 GMT -5
If you have a liquid rainy day fund of a couple of year's expenses I'd say you've got too much tied up in liquid assets. If it was me I'd drain that down to 6-9 mos tops and throw the rest at paying off the house. Of course if it was me I'd have a paid off house by the end of this year.
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ozz
Main Eventer
Joined on: Aug 1, 2011 16:37:04 GMT -5
Posts: 1,394
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Post by ozz on Dec 29, 2013 10:51:21 GMT -5
If you have a liquid rainy day fund of a couple of year's expenses I'd say you've got too much tied up in liquid assets. If it was me I'd drain that down to 6-9 mos tops and throw the rest at paying off the house. Of course if it was me I'd have a paid off house by the end of this year. I've considered doing that, honestly, but it'll be drained a bit for our wedding, honeymoon, etc. in the coming few months. If I go as little as 2 months without placing any new earnings somewhere strategic (or spending it, say, on the mortgage), next thing I know I've bumped up my liquid assets 20K. It piles up very quickly, as ridiculous as that sounds.
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Post by Lk™ on Dec 29, 2013 11:02:19 GMT -5
i just use credit and pay it off before end of the month, or on my next pay
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ilegends73
Mid-Carder
just a fan of 80's / 90's wrestling action
Joined on: Nov 10, 2013 4:46:04 GMT -5
Posts: 114
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Post by ilegends73 on Dec 30, 2013 8:15:35 GMT -5
i've seen this plenty of times but never tried to apply. good that u were able to get it, get some cool stuff
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Deleted
Joined on: Jun 16, 2024 15:16:47 GMT -5
Posts: 0
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Post by Deleted on Dec 30, 2013 23:51:02 GMT -5
I've seen it as an option, but I don't see the point tbh
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