dippymoo 0 #26 November 13, 2005 QuoteTake note of the trend. You are almost equally likely to have enormous debt as no debt. Once you have any revolving debt, the curve goes up trending toward more and more debt. Anyone carrying some debt and thinking it's ok...It can start snowballing and get away from you. I know. It's best to go cold turkey and just stop borrowing, only buy what you can afford in cash. true in theory ut in this country without credit card debt you can't get a credit score, so i have to use the credit card for stuff i would by choice spend cash on so i can build a credit score and gt massively in debt buying a house Quote Share this post Link to post Share on other sites
ReBirth 0 #27 November 13, 2005 QuoteQuoteTake note of the trend. You are almost equally likely to have enormous debt as no debt. Once you have any revolving debt, the curve goes up trending toward more and more debt. Anyone carrying some debt and thinking it's ok...It can start snowballing and get away from you. I know. It's best to go cold turkey and just stop borrowing, only buy what you can afford in cash. true in theory ut in this country without credit card debt you can't get a credit score, so i have to use the credit card for stuff i would by choice spend cash on so i can build a credit score and gt massively in debt buying a house You don't have to carry a balance. I use credit cards, as much as posssible since it makes tracking where you spend a lot easier. But only as much as I can afford to pay off that I already have in the bank. Quote Share this post Link to post Share on other sites
skymama 37 #28 November 13, 2005 QuoteI now use my debit card for almost everything. I do have 1 Master Card that I carry, but it gets paid off immediately. As someone else said, "Being debt free kicks ass!" I used to use my debit card for everything, then I realized I was being a dope because I could do the same thing with a credit card and get free plane tickets. Now, I use my cc the same way as a debit card; I make every purchase with it and then take it out of my bank account balance that I track through Quicken. It takes a little more time to reconcile the credit card statement every month to make sure I didn't forget anything, but I'm already half-way to a free ticket and I just started this in March.She is Da Man, and you better not mess with Da Man, because she will lay some keepdown on you faster than, well, really fast. ~Billvon Quote Share this post Link to post Share on other sites
gmittar 0 #29 November 14, 2005 I had about 10k worth of debt all paid off last december, and then I was broken into in Januarry, and CLEANED OUT! I'm not that deep in now, but it's still bad, and I'm fighting to get it all paid off within 6 months or so. The shitty thing is that I finally had it under control and done with! Then it's the "pay as you go" theory for me. |>.<| Seriously, W.T.F. mate? Quote Share this post Link to post Share on other sites
meridianjumper 0 #30 November 14, 2005 I have about $8,000 in credit card debt. Blue Skies, Jeremy Quote Share this post Link to post Share on other sites
JohnMitchell 16 #31 November 14, 2005 QuoteQuoteWe've got one airline card that everything goes on, including many of our monthly bills. Don't you have to pay cash advance fees for those bills you pay off you credit card even if you pay your full balance every month? Nope, zero fees or interest. A bill (phone, cell phone, garbage, doctor or dentist) is just another charge, same as Kmart or Target. And you get to have your money in your account an extra month or so, unlike debit cards, where it's withdrawn immediately. I've never gotten a cash advance, but that would accrue interest immediately. Quote Share this post Link to post Share on other sites
Slowfaller 0 #32 November 14, 2005 Currently have about $600 of credit card debt which is well on its way to be paid off. I still owe about $3,800 on my car and lots more on the townhouse I bought this past August. Not bad being a homeowner at 23 though (24 now) Its just keeping my jump# stable at 90 --"Someday you will die and somehow somethings going to steal your carbon" -MM Quote Share this post Link to post Share on other sites
freeflir29 0 #33 November 14, 2005 QuoteNot bad being a homeowner at 23 though SMART MAN! Debt on real estate is a good thing as far as I am concerned. Just make sure to pay ahead and specify that it goes towards the principal. I was only about 25 I think when I bought my first house. Didn't keep that long due to divorce. Waited 8 years and have been on a spending spree lately. Now I own 2 houses. Hope to have them paid for within the next 3-4 years. Owning is ALWAYS better than pissing money out the window on rent! Quote Share this post Link to post Share on other sites
bodypilot90 0 #34 November 14, 2005 nada, I only owe on my house and one car. Both will be paid off soon. I would not even have a CC but buying on line and wally world gas discount Quote Share this post Link to post Share on other sites
