re: Credit card and bullshite debt??

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Credit CONsolidation


Your answer lies within.

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For most.

Did it ruin my parents' credit for a long time? Yes.


Did it get their rates lowered down to 1% on every card except Discover? Yes. (They tried on their own, but, no luck.) This was 6 years ago, I think it's harder for them to get rates lowered these days.

They also paid it all off. For them, it worked. Their credit has recovered nicely.

A friend of mine owns a few rent to own furniture stores. He could buy and sell me three times.

We paid everything then went to work on our mortgage and doubled up and paid another note at the end of the year and it was done. Just because you have a good interest rate doesn't mean you shouldn't pay it. When you pay that last mortgage payment and you own the roof over your head it's a glorious day. If you get in a bind you just don't double up but as long as you can do it.

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A friend of mine owns a few rent to own furniture stores.

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Damn, bet he rakes in $$$.

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When you pay that last mortgage payment and you own the roof over your head it's a glorious day.

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What's your projected timeline to be debt free?

I understand the eating out. That's the biggest piece of fat my wife and I can trim from our budget. A litte planning goes a long way. We've done well this week on eating at home and taking our lunch.

For us, we are very yo-yo on cooking and heading out to eat.

Also curious where you gurus find a balance between savings and "you can't take it with you"?

ILuvBama I believe was the one saying how he has a great job and makes good money but drives a $4000 car? Just as an example. What is your "thing"? Everybody has something that brings them joy? What is yours? Obviously you can't bankrupt yourself doing it or buying it, but what DO you splurge on? Anyone who says "nothing" I would ask why? And again where is your balance of financial responsibility and "can't take it with you?"

No one is saying never spend money, just that some of us show restraint and pick and chose.

Not attacking you personally, but watches, badass tvs, great vacations are all great if you can afford them. If you love them all great. But for me my thing is knowing i can provide for my family. It's important knowing if something breaks in my home i can take care of it. My son needs something i have it.

I love cars, but i work on my 14 year old car while my wife drives a 13 year old one. We'll get new ones eventually but saving is more important for me at the moment. I won't be working check to check to pay for a car like a lot of people i know. Not knocking you. Just saying joy doesn't have to come from buying stuff.

No one can set your balancing point except yourself.

Maybe your view on the subject is different since it appears you're older than me. You could leave cash behind, but maybe you won't stress about how to pay your bills your entire life. Go check out Vince Young's story. He blew through 20+ million thinking, "Well, you only live once".

I'm not saying that's your mentality. I'm just presenting it as the opposite of your aunt. What's the difference if I leave 300k worth of the cars behind or money in the bank? I'm not taking either with me.

Like I said, I love cars. I modify mines, but reasonable mods cost wise. I could "afford" to dump a ton of money into my car or buy a brand new one cash, but I have different goals. Once I have a bigger cushion, I'll build my car more. If I die before I build it fully, oh well, it's not the most important thing in the world.

No ones knocking you....you want the answer how to get out of the mess and we're telling you. No one is coming offer you a bunch of extra cash to spend tomorrow so you need to cut cost.

Some people value possessions, I like possessions, but I value the peace of mind of knowing I could stop working for the next two years and my family would be taken care of.

You have to understand you don't DESERVE everything. I have multiple family members who have newer cars and phones, bigger tvs, but are crying and fighting about their bills. It's not that serious.....It's an easy problem to solve.

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Absolutely you should take free money. So long as you use the money for something that pays a positive return.

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He didn't, so, he shouldn't have.

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Not for a TV of course,

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Well, that's what he bought @ 0% while he was 40k in debt.

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but a 0% card offer is fantastic b/c it lets you pay off something else that is a higher rate.

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I agree, but the OP is buying things he shouldn't be buying with the debt he has.




I also think mentally it can get people who don't manage money well, to get used to a financed life.


My bil and sil do this. They don't own a damn thing. Furniture financed, new boobs financed, wood floors financed, car that's not paid off financed and currently getting a new car that will be financed.

Their mindset is paycheck to paycheck without a thought going to retirement.


It builds and builds and then you have a shite ton of debt.