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Message
re: .
Posted on 12/21/18 at 3:01 pm to Darth_Vader
Posted on 12/21/18 at 3:01 pm to Darth_Vader
If you only knew.
0
Posted on 12/21/18 at 3:01 pm to moneyg
quote:
It's kind of funny to see people perplexed at the concept of not using credit to function.
Holy shite. It's like people don't know how credit cards can be used in 2018.
Posted on 12/21/18 at 3:01 pm to TH03
quote:
Because darth is being darth.
The OT: where people will argue with math
Posted on 12/21/18 at 3:01 pm to Lacour
(no message)
This post was edited on 12/21/18 at 3:03 pm
Posted on 12/21/18 at 3:02 pm to slackster
quote:
deferring payment until the invoice is due and reward points
Why we use it. Points have helped on a few vacations.
We're just anti debt, so if we use the card, it gets paid off before having to pay interest. It's good to have for emergencies, and we still have an emergency fund, but knock on wood, we're month to month with it.
Posted on 12/21/18 at 3:02 pm to 632627
I never have a wallet full of cash. I take what I need and refill later. So far after 63 years, I have never been unfortunate enough to lose a wallet.
It works fine for me. You do what you want.
It works fine for me. You do what you want.
Posted on 12/21/18 at 3:04 pm to slackster
quote:I totally agree and that's why I have two and a third as a backup/tailgate card.
If used responsibly, a credit card is better than cash/debit in every conceivable way.
Some people don't want to use debt to fund purchases and that's perfectly ok too. Not sure why so many are baffled that not everyone wants to use debt when they don't want or need to.
The rewards and such just don't outweigh the risks of what happens when something comes up and the full statement can't be paid for some people.
Posted on 12/21/18 at 3:05 pm to Lacour
You’re the idiot that’s in credit card debt
Have you ever heard of Dave Ramsey?
Have you ever heard of Dave Ramsey?
Posted on 12/21/18 at 3:06 pm to Harry Caray
quote:
Some people don't want to use debt to fund purchases and that's perfectly ok too. Not sure why so many are baffled that not everyone wants to use debt when they don't want or need to.
I'm not baffled by it, but it's still less advantageous.
quote:
The rewards and such just don't outweigh the risks of what happens when something comes up and the full statement can't be paid for some people
20>2, thanks for the info
Posted on 12/21/18 at 3:06 pm to Harry Caray
quote:
Not sure why so many are baffled that not everyone wants to use debt when they don't want or need to.
If you pay it off every month, it's not really debt though.
quote:
The rewards and such just don't outweigh the risks
That's just flat wrong on so many levels.
Posted on 12/21/18 at 3:07 pm to notiger1997
quote:
That's cute.
Enlighten us oh wise and noble one! People spending above their means is a good thing? 2008 says, “hi”.
This post was edited on 12/21/18 at 3:09 pm
Posted on 12/21/18 at 3:09 pm to notiger1997
quote:
I'm still amazed at how many people don't understand about credit card rewards
I just paid 1,500 dollars of my credit card bill purely off of points I accumulated. Christmas didn't cost me a dime this year. Never paid a dime I interest.
Posted on 12/21/18 at 3:10 pm to notiger1997
quote:Which I do, and it most certainly literally is debt.
If you pay it off every month, it's not really debt though.
quote:Or maybe quote the full sentence that ends with "for some people." For some people, it doesn't outweigh the risk. You can throw numbers around all you want, it's peoples' own money and they'll decide the best way to spend it.
The rewards and such just don't outweigh the risks
That's just flat wrong on so many levels.
Posted on 12/21/18 at 3:11 pm to go ta hell ole miss
quote:
Enlighten us oh wise and noble one! People spending above their means is a good thing? 2008 says, “hi”.
Using credit and spending above your means aren't synonymous. It's pretty simple
Posted on 12/21/18 at 3:11 pm to Mingo Was His NameO
quote:
The smartest people do this while utilizing credit to maximize the value of their dollar
...only if they are spending within their means.
Posted on 12/21/18 at 3:11 pm to Harry Caray
quote:
Which I do, and it most certainly literally is debt.
No its not, it's called float. It's not debt until it's past due.
Posted on 12/21/18 at 3:12 pm to ChenierauTigre
quote:Good call, because nothing like that could ever happen with your cash!
I pay cash for everything. My credit score is excellent. The less I use a credit card, the less chance of it being breached. My husband has had two breached and it is a pain in the arse. I am educated and not trashy.
Posted on 12/21/18 at 3:12 pm to moneyg
quote:
.only if they are spending within their means.
Uhhh, ya think. I didn't know I needed to preface with obvious shite.
Posted on 12/21/18 at 3:13 pm to Mingo Was His NameO
quote:Apparently that poster thinks they can do the same thing if they lose their wallet full of cash.
This makes no sense, you cancel and get another one. That's it. Takes 5 minutes.
Just cancel the cash!!!
Posted on 12/21/18 at 3:14 pm to Harry Caray
quote:
Ok, so 0.014% on $2,000 of monthly purchases comes out to about $0.29, rounding up. So yearly we're saving....
about $3.50
Nah, you should be getting nearly 2% on your cash now, so you're savings about $1.67 per month for every $1000 you purchase on a credit card. Let's say you purchase $3k per month, over 30 years that's and extra $5k in savings if invested at 6% annualized return over that time frame.
Is that life changing money? No, but people in here are saying saving $5k over 30 years is the option that's actually worse. That's asinine.
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