It's May 21, 2024, 11:40:25 AM
Very true.. Have said this before, but I never borrow money. I have one credit card and one debit card. I pay my credit card bill off in full every month. I use it for convenience rather than as 'credit'.. I have the money.. See.. I pay for little things on either, coz it really doesn't matter.. depending how money is going i use the credit or the debit.. all a credit card is to me is a debit card with a 1 month time delay an example.. a few weeks ago my car broke.. i had to pay out roughly two payments of $400 each for that.1 went on debit, so it came right out, the other went on credit, i'll pay that in a month.. it ends up that my monthly bill is always about the same anyways because I spread the load as best as possible.or maybe i'll wait to buy something until it would come out of the next months credit..I figure the 'real' credit is there for if I * really * need it then.. but i've never had to yet.I also have a chunk of 'security' cash saved... I get a bonus.. where does it go? right on that pile.. unless i've been saving for something.. i want something?.. i just go get it i look at some of my friends and i think its stupid how all they do every month is piss their money up the wall (basically spend it all on drink..) run out of money 2 weeks into the month, end up borrowing, and eventually end up with nothing.. then moan about being broke for the last 2 weeks.. the debts they ran up they have to pay when they get paid, and they're back to square one... round and round they go and they dont learn.. lifes about progression right? how u gonna progress if you aint moving forwards?the thing about being 'free' is so true... i have minimal bills each month, because all i have is running living costs. and you know whats crazy, being 'free' means you can save faster.. if it came to it if i lost or quit my job, and live my life as is with just my minimal bills and cut back to virtually no extras i could manage easily for over 6 months while looking for something else, or just chilling.. thats pretty free..they keep freaking about consumer debt being at an all time high here too.plus... how stupid is it to borrow.. you end up paying a lot more for the same thing!.. Duh!!"the borrower is slave to the lender" (Proverbs 22:7)btw.. haven't you heard.. the rich people are the ones careful with their money
build up credit for what? i dont need it.. i have 5k ($10k) credit on that one card... so... ? yes i know your credit rating is better the more in debt you are (as longs you dont fall behind) but thats the trap!if i *need* to borrow, then i will.. i dont, so i wont..?
Quote from: Overseer on April 13, 2004, 08:38:09 AMbuild up credit for what? i dont need it.. i have 5k ($10k) credit on that one card... so... ? yes i know your credit rating is better the more in debt you are (as longs you dont fall behind) but thats the trap!if i *need* to borrow, then i will.. i dont, so i wont..?No credit/bad credit good luck buying a house
nuts.. what kind of property is a 'median house' ?i live in a lil country town... not a city..
the 'average' here is up around $320,000 right now... its stupid...