Post by: UncleBob on July 13, 2006, 06:37:33 AM
You know, Nintendo... If I didn't keep spending my money on your crap, I could use that money to help pay off my credit cards.
Post by: Ceric on July 13, 2006, 06:54:52 AM
Post by: UncleBob on July 13, 2006, 07:01:31 AM
Post by: nitsu niflheim on July 13, 2006, 04:50:19 PM
Post by: BlackNMild2k1 on July 13, 2006, 07:33:36 PM
Quote
Originally posted by: UncleBob
Whoo! By the end of the day (when my payment goes through) my Discover Card will be paid off! Whoo! Only two more cards to go! Yay!
I share this same joy with you as of yesterday afternoon. After I forget how many years I finally paid off my Discovercard and my American express (well there is less that $50 on either so its close enough) & today I paid off John Muir.
Now I only have two more cards and Toyota to go!!!! I finally feel like I am making progress, it is such a good feeling.
Post by: EasyCure on July 13, 2006, 08:58:36 PM
but im talking about animal crossing. i don't have any credit cards because i'd be too afraid of buying every nintendo product put in front of my face.
congrats to both of you, i could probably never do what you've done
Post by: ShyGuy on July 13, 2006, 10:25:18 PM
Post by: UncleBob on July 14, 2006, 05:38:29 AM
Post by: BlackNMild2k1 on July 14, 2006, 05:39:48 AM
QuoteWhat is this method of personal finance that you speak of?
Originally posted by: ShyGuy
Yeah, Paying off credit cards is great. I subscribe to the Dave Ramsey method of personal finance.
Post by: ShyGuy on July 14, 2006, 06:15:23 AM
Let's see if I can remember it all. basically, you go through several steps.
1.You get mad enough to do something about it.
2.You put away enough money for an emergency fund.
3.You start paying as much as possible on your highest interest rate debt, paying minimum on the other debts.
4. After you pay off one debt, you move on to the next one in priority list, and repeat step 3.
5. Eventually you get it down to the largest debt (mortage, student loan) and you put all your payment money towards it.
6. After you are debt free, you save cash to make your other purchase, rather than putting them on credit cards or taking out a loan.
Post by: Ceric on July 14, 2006, 07:14:30 AM
Post by: matt oz on July 14, 2006, 09:59:20 AM
Anyway, I only have one credit card, with a rather low credit line, and I pay off my balance in full every month. I've never once paid any interest on anything I've bought, which is good for me, but bad for the CC company, because they don't make any money from me. But they keep raising my limit in the hopes that I'll spend more and more.
Post by: vudu on July 14, 2006, 11:01:52 AM
So they make money off of you; just not as much as if you had to pay interest.
Post by: couchmonkey on July 14, 2006, 11:15:41 AM
Edit: Congratulations Unclebob!
Post by: UltimatePartyBear on July 14, 2006, 11:30:23 AM
