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re: How much money per month do you put on your credit card?
Posted on 4/13/14 at 9:19 am to AUCE05
Posted on 4/13/14 at 9:19 am to AUCE05
Doing the Dave Ramsey thing... so no credit cards.
I'm not anti credit card because of the points. I think Dave Ramsey is against them because of the mentality that it creates... meh, I'll just throw it on the CC. Also against the whole envelope system he preaches.
I'm not anti credit card because of the points. I think Dave Ramsey is against them because of the mentality that it creates... meh, I'll just throw it on the CC. Also against the whole envelope system he preaches.
4
Posted on 4/13/14 at 9:21 am to ShubutaMS
Zero, currently on track to payoff my cards within a year.
Posted on 4/13/14 at 9:23 am to ShubutaMS
everything that i possibly can put on my amex, goes on my amex. hell, i pay my taxes with it. and i pay the balance off every other week.
Posted on 4/13/14 at 9:25 am to ShubutaMS
Basically everything except for utilities. Cars, truck, house and beach is paid for. I always pay off the entire balance each month, and never use the CC's for any payment where a percentage is charged to the consumer for using a card, i.e., property taxes, insurance, utilities.
Posted on 4/13/14 at 9:27 am to ShubutaMS
I put about $1500 per month in business expenses on cc and pay off every month because I am reimbursed.....
Almost nothing personal goes on a cc unless there is no other way to pay (I.e. Internet purchases, etc.)
Almost nothing personal goes on a cc unless there is no other way to pay (I.e. Internet purchases, etc.)
Posted on 4/13/14 at 9:27 am to ShubutaMS
I made about $2,500 in rewards last year
Posted on 4/13/14 at 9:29 am to Spankum
2500-3000
Cabelas card. Put as much of my expenses on it as i can. Pay it off bi weekly.
Cabelas card. Put as much of my expenses on it as i can. Pay it off bi weekly.
Posted on 4/13/14 at 9:30 am to ShubutaMS
Just shy of 4k per month. Pay offs, no running balances.
Posted on 4/13/14 at 9:33 am to ShubutaMS
I try and carry a small balance of 10-20%.
Just because I read that keeping a small balance helps build credit.
I wrecked my credit in college and am just now getting it back
Just because I read that keeping a small balance helps build credit.
I wrecked my credit in college and am just now getting it back
Posted on 4/13/14 at 9:33 am to stout
quote:Well someone that would do this shouldn't have a card.
Until that one month you think to yourself "I will just pay the minimum this month instead of the full balance"
I had about $2000 cash back the last 2 years with AMEX, plus the added protection you have if there is a dispute.
Posted on 4/13/14 at 9:36 am to ShubutaMS
I use my credit card for nearly every purchase I make to get the cash back. Basically comes down to a penny off every dollar spent, 2-4 off on some purchases. No reason not too
End up putting about 5000 per month on it and have never carried a balance over.
End up putting about 5000 per month on it and have never carried a balance over.
Posted on 4/13/14 at 9:36 am to Paul Allen
quote:I can't believe that there are people who honestly think this. If you are responsible and pay your balance every month there is no reason to not have a card. You do realize that having a card like an Amex has some serious benefits? Airport lounge access, 24/7 concierge service, priority boarding, travel insurance, rental car insurance, entertainment access that only card holders get, no foreign transaction fee, and I haven't even started talking about reward points. I'm sorry but I think that it is foolish to pass up these services at $450 a year. My parents charge everything to their card and my brother, sister, and I put $500-1000 each to it. Any person who is smart with their personal finances knows that a credit card is a tool that when used correctly is very beneficial.
Zero. I know better than that.
Posted on 4/13/14 at 9:38 am to RollTideATL
quote:Dave Ramsey is an idiot, I can't stand to hear that guy talk.
Doing the Dave Ramsey thing... so no credit cards. I'm not anti credit card because of the points. I think Dave Ramsey is against them because of the mentality that it creates... meh, I'll just throw it on the CC. Also against the whole envelope system he preaches.
Posted on 4/13/14 at 9:39 am to stout
quote:
Until that one month you think to yourself "I will just pay the minimum this month instead of the full balance"
I occasionally use my AMEX because you HAVE to pay it off every month. No way would I use a card that would let me carry a balance just for the fear of falling into their trap. Did that in college when I didn't know better and learned an expensive lesson.
So you don't think you have more financial discipline now than when you were in college? It's only a trap if you spend with no knowledge/concern of what you can afford to pay off at the end of the month.
Posted on 4/13/14 at 9:42 am to ShubutaMS
I put around 1k each month, I always pay it off though....so the rewards are just that, rewards, not something I paid for through interest.
Posted on 4/13/14 at 9:44 am to FloridaMike
quote:
Dave Ramsey is an idiot, I can't stand to hear that guy tal
I don't think he's an idiot, he's made lots of money off of idiots though
Posted on 4/13/14 at 9:46 am to Ford Frenzy
I put around 3500 a month on one. Rack up the rewards. Pay off monthly. If I could put my mortgage payment on it I would. Just because some people are irresponsible doesn't mean one can't take advantage of the benefits.
Posted on 4/13/14 at 9:46 am to RollTideATL
quote:
Doing the Dave Ramsey thing... so no credit cards.
That's probably advice he gives to idiots who can't control their own spending. There is literally no risk in using a credit cars and paying it off every month.
Posted on 4/13/14 at 9:49 am to yellowfin
This is very true, I just get annoyed when people talk about him like he's a personal finance genius. His target audience is putt putt golfers though so I guess it works for stupid and/or irresponsible people.
Posted on 4/13/14 at 9:50 am to ShubutaMS
I put about $3-4,000/month on my credit cards. I have about $27,000 in credit card debt at the moment.
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