After my divorce, I paid off all my credit cards, and cancelled them. I made a resolution to only buy what I could afford to pay in full at any given time.
It's been awesome. I'm completely debt free....except for my modest mortgage.
So yeah... most of the time, it's great. Except....
I did the most unmanly thing ever today. I sold 3 guitars to buy a wedding band, rather than finance it. I didn't want to take the money out of savings, because I've worked really hard on having a good savings account.
I shot myself in the foot with the engagement ring, which is worth more than my car. Now I have to do a wedding band on caliber with it. Ugh.
you guys sure look real happy on fb, i am sure she is worth it.
congrats!!
i rarely carry cash. for me its easier to put everything on plastic, get the rewards and pay it off monthly. self control is tough though, when i splurge i just work harder to pay it back.
sleewell wrote:you guys sure look real happy on fb, i am sure she is worth it.
congrats!!
i rarely carry cash. for me its easier to put everything on plastic, get the rewards and pay it off monthly. self control is tough though, when i splurge i just work harder to pay it back.
I hear ya...
I just got in a bad way with credit cards years ago, and as much as rewards/points are cool, I don't trust myself anymore lol. I'm too impulsive. Hell, 2 summers ago I bought a Porsche (wrote a check for it gaaahhh ) and sold it 5 months later. Guys like me should only use cash/check/debit lol.
D and I do really well for ourselves, and have been blessed with great jobs. If I want something, I kind of like the anticipation of working and saving up for it.
Last edited by Loop Bizkit on Thu Jan 24, 2013 1:27 pm, edited 1 time in total.
I now only have one credit card which I only use for small purchases now and then just to have revolving credit. My mindset is that if I can't afford it, then I don't need it or I need to save for it. Makes life easier for me.
NinjaRaf wrote:Our wedding bands cots 140...for both
Saw on FB. Neat idea, for sure! I showed D, and she said no.
haha yeah, I dont imagine most people would go for that kinda thing, but we decided tattoos from day 1. Neither of us like wearing jewelry. It took us 4 months to decide what we wanted, though.
Yeah, credit card debt is for the birds. My balance is zero and has been for some time. I don't even use it for the rewards anymore. They kept shrinking and playing the game got to be a burden.
Chuck Nutz wrote:Yeah, credit card debt is for the birds. My balance is zero and has been for some time. I don't even use it for the rewards anymore. They kept shrinking and playing the game got to be a burden.
i have and keep using my Continental (now United) rewards Chase card simply bc I have a shit-ton of miles on it that I want to use at some point, but I use it strictly for gas and groceries so the bill is never too much.
I hate carrying cash and worrying if they give proper change. I also don't want to worry about balances and fees if I overdraft a day from payday so I don't use my debit card much. Whatever works for you, everyone is different as long as you aren't paying those fucking bankers interest and fees.
sleewell wrote:Do you guys use debit cards or cash then?
I hate carrying cash and worrying if they give proper change. I also don't want to worry about balances and fees if I overdraft a day from payday so I don't use my debit card much. Whatever works for you, everyone is different as long as you aren't paying those fucking bankers interest and fees.
i use my debit card for everything except the aforementioned gas or groceries. and even then, if it's just a quick stop into Kroger for 1-2 things i'll use my debit also. i usually keep about $20 in cash on me, about 10 $1's and a couple of fivers or whatnot.
sleewell wrote:Do you guys use debit cards or cash then?
I hate carrying cash and worrying if they give proper change. I also don't want to worry about balances and fees if I overdraft a day from payday so I don't use my debit card much. Whatever works for you, everyone is different as long as you aren't paying those fucking bankers interest and fees.
i use my debit card for everything except the aforementioned gas or groceries. and even then, if it's just a quick stop into Kroger for 1-2 things i'll use my debit also. i usually keep about $20 in cash on me, about 10 $1's and a couple of fivers or whatnot.
This is exactly what I do. And I monitor my account with my phone.
Never had credit card debt in my life. I'm too impulsive, it's not a good idea. Owe about 48k on our house and some on a medical bill, and that's it.
Good on you for having the restraint to do it that way...and the resolve to sell those guitars. That's non-negotiable for me, I'd MUCH rather use a bit of savings than take a hit on a guitar I don't want to part with.
Last edited by indienoise on Thu Jan 24, 2013 2:58 pm, edited 1 time in total.
Loop wrote:After my divorce, I paid off all my credit cards, and cancelled them. I made a resolution to only buy what I could afford to pay in full at any given time.
It's been awesome. I'm completely debt free....except for my modest mortgage.
So yeah... most of the time, it's great. Except....
I did the most unmanly thing ever today. I sold 3 guitars to buy a wedding band, rather than finance it. I didn't want to take the money out of savings, because I've worked really hard on having a good savings account.
I shot myself in the foot with the engagement ring, which is worth more than my car. Now I have to do a wedding band on caliber with it. Ugh.
Hope she's worth it.
Didn't learn your lesson the first time?
And your credit cards are the worry?
lol just kidding man, congrats on the engagement / wedding planning etc..
sleewell wrote:I would have imagined you carried more ones, interesting. LOL
bwhahaha
i went to the bank the day before NYE and i was going downtown and so i just wanted a lot of $1's and 5's for the bars for tips/drinks so didn't have to open tabs and yeah, the girl at the drive through was just looking at me and lol'ing when i told her the split i wanted. i think i got 20 $1's and 20 $5's or something like that hahaha she was like "You have yourself a GREAT New Year's Mr. Oh!"
sleewell wrote:Do you guys use debit cards or cash then?
I hate carrying cash and worrying if they give proper change. I also don't want to worry about balances and fees if I overdraft a day from payday so I don't use my debit card much. Whatever works for you, everyone is different as long as you aren't paying those fucking bankers interest and fees.
i use my debit card for everything except the aforementioned gas or groceries. and even then, if it's just a quick stop into Kroger for 1-2 things i'll use my debit also. i usually keep about $20 in cash on me, about 10 $1's and a couple of fivers or whatnot.
This is exactly what I do. And I monitor my account with my phone.
Yarp
Notifications for any activity over $125 be it deposit, purchase or withdrawal.
Helps that my main savings account is with a different bank and not linked to my main checking/savings. I used to be scared about using my debit card but with hese measures in place I feel good.
I have one main card I pay for a bunch of stuff every month with. It works well because they have purchase rewards points or whatever so you can rack up quite a bit if you're putting lots of recurring expenses on there. BUT you have to be disciplined and keep track of paying it off every month or all that is for nothing. You also get much better protection from identity theft/card compromise with a CC than a debit card.
I also kinda fucked up and signed up for a store CC when I bought some furniture just after Christmas. They advertise it as "3 months same as cash", which to me should mean no interest and no fees PERIOD. I got the details in the mail last week and there is a $20/month balance protection fee AND if I don't pay off the balance in those 3 months it's 29.9% annually. So with the balance I put on there it's a little under 1% monthly (which increases as the balance goes down actually, I think the $20 will be a flat fee) which works out to an ADDITIONAL 13% annual interest. Needless to say, it will be paid off and chopped up ASAP. Don't fall for that shit from these fuckin' predatory lenders man.
. 
