thehill.com
They probably want to avoid having to put "This policy may cause cancer" in their insurance policy documents.
Feeling pretty good as I don't have anything owed on my card. Went over a month now without using it. Just cash and not buying much except food. Saving my money for the crash.Americans owe $1 trillion in credit card debt
America’s credit card balance has passed $1 trillion, or it’s about to, depending on whom you ask. The average interest rate on a new card is 24 percent, the highest figure since …
I keep trying, but those darn deals I can't say no to keep coming up. I thought I had it cinched this month and then that gas can deal popped up.
If I make it until June 9th then I will have gone two months without using my card. It's difficult because I have vet bills for my dog but cash only for a while.
I saw two handguns I would have bought if it wasn't for 114, good deals too.
There is nothing wrong with using your card whenever you want to. The key issue is paying it off every month, thereby avoiding all interest payments.
My problem is that for the last year or so, I have been charging more on my CC than I have in income. So my checking account balance has been getting smaller and smaller. It is well below the point where I would have emergency cash reserves that I can access immediately. So if something happened that had to be paid within 24 hours, I would have to use my CC, and then ask my finance guy for a distribution from my IRAs and that would probably take 5-10 days.
Before I quit using it I was spending $2500+ a month but on things I needed. Car repairs, new fence etc. I always pay it off when they send the bill, never pay interest.There is nothing wrong with using your card whenever you want to. The key issue is paying it off every month, thereby avoiding all interest payments.
I use my card all the time, to the tune of $1,000 - $3,000 on it nearly every month. But, I pay it off in full every month and never carry a balance past the end-of-cycle date. Therefore, I have not paid a cent of credit card interest since 2012. Yes, that's 2012, not 2022. So, 10+ years of interest-free use of the banks' credit.
It has nothing to do with how much money one makes. And besides, the less money one throws away on interest (which gets you absolutely nothing), the more money one has to buy stuff for oneself or others. It's really just a matter of exhibiting some spending discipline (never buy what one can't pay for in cash in a month) and understanding the concept of delayed gratification (save up the money for what one wants first, instead of swiping the Card of Financial Slavery).
And yes, I know for a fact that parts of that last sentence are going to end up in "that" thread...
Truth! Debt is how the system keeps working people docile.
The new budget deal will raise the debt by $4 trillion, debt doesn't bother the government at all because they know they can never pay it off. It's why the crash coming will be bigger than the great depression in my opinion.
See, this is where I think we have a disconnect. I follow the Dave Ramsey Total Money Make-Over model that states that a credit card is for emergencies only, unless you can pay off every charge in the card's monthly cycle. If you can't pay off the statement balance every month, they you need to delay those purchases and save up for them. The Ramsey TMMO model also states that many, many things that Americans treat as emergencies are actually not. Those things should be budgeted and saved for over time. For instance, car repairs are not an emergency, as the need for maintenance is a known issue. So, those repairs are easily forecasted and should be saved for over time with a budget item.Before I quit using it I was spending $2500+ a month but on things I needed. Car repairs, new fence etc. I always pay it off when they send the bill, never pay interest.
Just letting my account fill back up for a while.
I disagree with everything you said. Oh, wait, I mean I AGREE with everything you said. But you left out the benefits of the cashback programs most credit cards offer. I love me some free stuff from Cabela's!There is nothing wrong with using your card whenever you want to. The key issue is paying it off every month, thereby avoiding all interest payments.
I use my card all the time, to the tune of $1,000 - $3,000 on it nearly every month. But, I pay it off in full every month and never carry a balance past the end-of-cycle date. Therefore, I have not paid a cent of credit card interest since 2012. Yes, that's 2012, not 2022. So, 10+ years of interest-free use of the banks' credit.
It has nothing to do with how much money one makes. And besides, the less money one throws away on interest (which gets you absolutely nothing), the more money one has to buy stuff for oneself or others. It's really just a matter of exhibiting some spending discipline (never buy what one can't pay for in cash in a month) and understanding the concept of delayed gratification (save up the money for what one wants first, instead of swiping the Card of Financial Slavery).
And yes, I know for a fact that parts of that last sentence are going to end up in "that" thread...
This thread hasn't been closed yet?Oh, and I hate to think what @solv3nt is going to do with your post in "that" thread, but I'm sure he's working on it already.
I have a Capital One card from REI that pays me back 5% on stuff from REI and other select merchants, 3% on most other retail store purchases, and 1.5% from gas stations, grocery stores, restaurants, and the like. So, that's what I mean when I say I spend about $1,000- $3,000 every month on a credit card. But, I would be spending this money on (most of) these necessitates anyway, so why not grab a little chunka change in the doing? I get a cashback rebate every year from REI of between $1,000 to $1,500, which I use to piss off REI. How's that you say? Well, REI hates guns and the 2A, so I use the cashback money from them to buy guns and ammo.I disagree with everything you said. Oh, wait, I mean I AGREE with everything you said. But you left out the benefits of the cashback programs most credit cards offer. I love me some free stuff from Cabela's!
No doubt!!!Oh, and I hate to think what @solv3nt is going to do with your post in "that" thread, but I'm sure he's working on it already.
Real soon now.
this is like getting a free gun every year. Or in my case, a weekend in Eugene for the wife to run the 5K/marathon double stack…There is nothing wrong with using your card whenever you want to. The key issue is paying it off every month, thereby avoiding all interest payments.
I use my card all the time, to the tune of $1,000 - $3,000 on it nearly every month. But, I pay it off in full every month and never carry a balance past the end-of-cycle date. Therefore, I have not paid a cent of credit card interest since 2012. Yes, that's 2012, not 2022. So, 10+ years of interest-free use of the banks' credit.
It has nothing to do with how much money one makes. And besides, the less money one throws away on interest (which gets you absolutely nothing), the more money one has to buy stuff for oneself or others. It's really just a matter of exhibiting some spending discipline (never buy what one can't pay for in cash in a month) and understanding the concept of delayed gratification (save up the money for what one wants first, instead of swiping the Card of Financial Slavery).
And yes, I know for a fact that parts of that last sentence are going to end up in "that" thread...
Earliest printing of the Making a Fortune in Silver predicted the "Coming Crash" by R L Preston was 1973. I think he started the making money off of fear and Mel Tappan joined in about 1975. Tappan turned fear into a big money maker even putting out a news letter. The survivalist movement started about then and many joined it. Tappan died in about 82 and the next man of note is James Wesly Rawles who is the best prepper of note these days.
The crash will continue, just hang around and watch.
