thanks everybody. gonna sleep on it but I think I'm gonna pull the trigger. should save me a lot of money in the long run

Houshphandzadeh wrote:thanks everybody. gonna sleep on it but I think I'm gonna pull the trigger. should save me a lot of money in the long run

Make sure you hide, freeze in a block of ice, cancel, or just don't use your credit cards anymore. I haven't used a credit card in 4 years or so. Pay for everything in cash, it was pretty hard to get used to doing, but after a while, it's just what we do now. We've paid everything off and now we don't owe anyone anything, our only bills are rent, utilities, cell phone and car insurance. We keep making the payments we were making but to ourselves, so now it goes into a vacation savings or whatever.

oh for sure. I suck in general with money but these cards are mostly from like 6 years ago when I was only part-time. definitely learned my lesson. I'm gonna give them to a friend for safe-keeping. feel like I can't cut them up because I might need to put the balance back on them if I suddenly get a new job or something

600 left in CC debt for me

only bills after that are my measly rent/auto insurace/cell phone. almost off the grid

pretty pumped for my sprint contract to run out so I can get on that Smarttalk (?) jawn you mentioned

straight talk.

internet speeds are the best. but i haven't dropped a call and i always have service. free wifi is basically everywhere at this point. 45$ is untouchable.

i've become a big cc advocate, used responsibly of course. the rewards are insane. we make so much back in a year on gas, groceries and other shit and still haven't had to pay them dime one. problem is most people just can't handle it.

z ipper wrote:i've become a big cc advocate, used responsibly of course. the rewards are insane. we make so much back in a year on gas, groceries and other shit and still haven't had to pay them dime one. problem is most people just can't handle it.

asked this earlier-which one are you using? would love to know what you think the best deal is as i look to get one to simply pay back loans that i am already paying off.

Bill McNeal wrote:

Houshphandzadeh wrote:thanks everybody. gonna sleep on it but I think I'm gonna pull the trigger. should save me a lot of money in the long run

Make sure you hide, freeze in a block of ice, cancel, or just don't use your credit cards anymore. I haven't used a credit card in 4 years or so. Pay for everything in cash, it was pretty hard to get used to doing, but after a while, it's just what we do now. We've paid everything off and now we don't owe anyone anything, our only bills are rent, utilities, cell phone and car insurance. We keep making the payments we were making but to ourselves, so now it goes into a vacation savings or whatever.

Don't cancel your card unless you want to decrease your credit score.

I only use my credit card for gas and groceries. Just about everything else is cash or debit. Don't know why, but that's what I do.

Bill McNeal wrote:

Houshphandzadeh wrote:thanks everybody. gonna sleep on it but I think I'm gonna pull the trigger. should save me a lot of money in the long run

Make sure you hide, freeze in a block of ice, cancel, or just don't use your credit cards anymore. I haven't used a credit card in 4 years or so. Pay for everything in cash, it was pretty hard to get used to doing, but after a while, it's just what we do now. We've paid everything off and now we don't owe anyone anything, our only bills are rent, utilities, cell phone and car insurance. We keep making the payments we were making but to ourselves, so now it goes into a vacation savings or whatever.

If your'e that financially responsible, you're exactly the kind of person who should be using credit cards to maintain your credit score and for the rewards. Why not get a basic BoA card that does 1% on everything, 2% groceries, 3% gas? It's an easy free couple hundred a year.

I use a credit card for literally everything possible and pay it off every month. I'm probably about to put a shitload of stuff on one for apartment furniture/wares.

JUburton wrote:Why not get a basic BoA card that does 1% on everything, 2% groceries, 3% gas? It's an easy free couple hundred a year.

I prefer paying all my bills and setting aside all my monthly spending cash on payday, and investing the rest. That maximizes investment and reduces the impulse buys I'm more prone to using credit

z ipper wrote:i've become a big cc advocate, used responsibly of course. the rewards are insane. we make so much back in a year on gas, groceries and other #$!&@ and still haven't had to pay them dime one. problem is most people just can't handle it.

+1

Grotewold wrote:

JUburton wrote:Why not get a basic BoA card that does 1% on everything, 2% groceries, 3% gas? It's an easy free couple hundred a year.

I prefer paying all my bills and setting aside all my monthly spending cash on payday, and investing the rest. That maximizes investment and reduces the impulse buys I'm more prone to using credit

yeah, if that's the case, i understand.

speaking of 'investment', i bought two bitcoins for the shit of it at 90 bucks each two weeks ago and they're at 235 now. i quote investment because it's purely speculation but the runup has been ridiculous.

JUburton wrote:i bought two bitcoins for the shit of it at 90 bucks each two weeks ago and they're at 235

small ya later fanduel

Does anyone perpetually carry a balance? I'm always carrying at least 1k in credit card debt and I pay it down every paycheck..considerably more than the minimum amount. I really should just pay it off with the funds in my savings account but I have this anxiety of depleting my account...think I'm going to just pay it down completely next paycheck.

Roger Dorn wrote:Does anyone perpetually carry a balance? I'm always carrying at least 1k in credit card debt and I pay it down every paycheck..considerably more than the minimum amount. I really should just pay it off with the funds in my savings account but I have this anxiety of depleting my account...think I'm going to just pay it down completely next paycheck.

Goes back to the financial security/job security thing. If you need to be liquid or will need it in the future (job is insecure, buying a house, etc.) then it can make sense to have that debt for the added security your cash reserves provide. If there's no way you will lose your job and don't need the cash even if you do, then get rid of the debt.

i still have no idea what they are but i read somewhere that $1500 invested in them about 2 yrs ago would be worth ~400K today.

sounds like something from the Linguine Empire

td11 wrote:i still have no idea what they are but i read somewhere that $1500 invested in them about 2 yrs ago would be worth ~400K today.

Me neither basically and nor do most people buying them right now which is why they're probably going to crash sometime.

And yeah, they were worth like 20 bucks on Jan 1st. Some guy bought pizza with like 1k of them years ago when they had almost zero utility and that would be 230k now.