re: Credit card and bullshite debt??

quote:

---

I asked what you're paying on them and what they were.

---

$1100 for both. About to drop 600 bucks.

quote:

---

1100 for both

---

You need help. You're living way beyond your means.

I make great money and drive a $4,000 car I paid cash for. When your money works for you instead of you working for money life gets much easier.

I don't think they are serious about it or he wouldn't be joking about badass tv and bed.

I owe ZERO. I hunkered down, listened to Dave Ramsey, ate beans and baloney, didn't go to sports bars and paid off $200,000.00 in three years including mortgage.

It helps to have a motivated spouse as well as yourself. Get rid of all cards except one. Bow your head and get to work. Pay cash and only keep a card for emergency use.

I haven't owed a dime in six or seven years and what I was dumping on debt is being dumped into building wealth. It's the greatest feeling in the world. Do it and do it now.

quote:

---

It's the greatest feeling in the world. Do it and do it now.

---

Only thing we owe is the house. Have just under 14 years left at 2.875 %. Still in our 30's.

Our goal is to be able to retire early in our 50's.

"If you live like no one else, then later you can live like no one else." - Dave Ramsey - this finally struck home with me after I realized that I was sick and tired of being sick and tired.

quote:

---

No. There is a TV (I only go pimp with TV) that is on a no interest Best Buy card. Also a badass tempurpedic that is no interest as well. But they knock it down to 49-50. We just need to really get this shite under control so we have breathing room when more "life" happens. Like a AC dying or major auto repairs

---

No one who is financially stretched should ever buy consumption items on "0"% terms as the retailer has a very good reason for providing supposedly free financing and it is not for your financial benefit. If a consumer doesn't have the means to pay at the time of purchase, or has the means yet spends the repayment on other things prior to the retail contract coming due, then they are screwed. You are your wife should get serious about getting, and remaining, out of a consumerist lifestyle unless you can truly afford it, if then. HVAC replacement, etc, happens when you own your home or other RE, maintenance/replacement can be expensive, plan for it and it doesn't put you in the shitter when it inevitably occurs or get a home warranty as a bridge until you are financially stable. Yet another reason why people should never stretch to buy a house. Spending/consuming is a mindset, much like saving/investing is a different mindset, with a kid and factoring future expenses giving up blowing cash you don't have should be priority one. Spending $40-$75 a pop numerous times a month on useless shite adds up over a year, identify it and work on it.

Agree 100%. Just because you get "free money" doesn't mean you should take it, especially with tv's etc. Hell for my furniture I used my Chase card to buy it and paid it off as soon as it posted and got $400 back since I met the threshold. I was spending that money anyway since we moved into a house.



Personally, Ive only financed my house. My wife's futures cars will be financed.

My cars, I plan on paying cash down the road even though they will be crappy. I'm not a car guy.

I have a feeling there might be a little trolling going on. At least he's not of those people who rent a tv etc year round and pay on a weekly basis.

do those Credit Consolidation outfits hurt your credit? I never understood how that stuff works...

quote:

---

repayment on other things prior to the retail contract coming due,

---

I am not very bright but not this foolish.

Those payments get MADE. Interest if not paid is like 26%!

And we are not "struggling". The debt is just looming and we are sick of it. It is just time to suck it up. And the "debt snowball" appears to be the best method.

Before the car notes we went 3 years with both vehicles paid and it was glorious. It is what allowed us to built up the nice down payment for home. One car is paid next month. The second is gonna be a couple years after that.

I feel you just have to live with car notes at times. If I had 30 grand sittting around to pay cash on a car I would probably blow some.

People are in much worse situations than us. By then end of the year we should have 4 cards knocked out minimum and rotate the others into teaser rate new cards.

It was all a matter of setting our minds to it. That 50 Grand numbers was the "spark" I needed.

Truly sad he doesnt even see how screwed he ia