Resolution -- debt-free, anyone? - Page 6

NoelSeven · ‎03-09-2010

On 1/3/2015 Qwackertoo said:
On 1/3/2015 Marienkaefer2 said: I don't use my cc for everything. Only larger purchases (over $100.) I also don't use it at smaller mom and pop businesses because I.know they get dinged for the purchases on their end, and it's harder for them.to absorb it and stay profitable. Remember the card companies make money from.the merchants, too. I've never had a problem with credit or debt. I.guess I.learned from my Depression ers grandparents. I got my first cc on my own while in college and always managed it well. The only debt I've had are house payments and a car payment when I got my.first new car after college. But I've known people who.have struggled with this.

I agree on small Mom & Pop's. And I also am careful not to subject them to my AmEX as I know the fees are highest on it . . . I try to give them a break when I can with cash or check or "other" credit card such as Visa/MC/Discover.

I agree, also! I pay cash to my hairdresser for the same reason. He has a small shop.

A Thrill Of Hope The Weary World Rejoices

lulu2 · ‎03-09-2010

On 1/3/2015 Shorty2U said:

I don't have a major credit card in my name. I don't believe in them. (I live like my dad did, if you cant afford it don't buy it!).

Using a credit card does not mean you cannot afford an item. Cash purchases do not give you the level of buyer protection a credit card does. Some credit cards will give you trip insurance you would pay extra for if you paid cash. Perks, particularly cashback rewards, add up quickly. This holiday season Discover had many stores with 10% rebates and some had 15%.

Most financial advisors/advisers will tell you, even when married you should have an individual credit card account in his/her own name.

halfpint1 · ‎03-10-2010

It is easier carrying a credit card when shopping. When you get older usually the house is paid for. Thankfully we have medicare for the company insurance isn't that great when you are hospitalized.

June Lands · ‎11-13-2014

We have 3 years left until our home is paid in full....what a blessing it will be to write that final check to BOA!

FUTURE · ‎04-11-2010

On 1/3/2015 Irshgrl31201 said:
On 1/3/2015 lacey1 said:
FYI. credit scores are used for more things than qualifying for a loan. Job applications, insurance, etc. PLUS: it's a good idea to pay attention to your credit score in case of an emergency. You need a credit card to rent a car, etc.

Yes, it's nice to live debt-free, but it's also a good idea to learn how to use debt properly. You can build a nice credit score without paying any interest, if you're careful.

YOu can live debt free and still have credit cards. You just pay them off monthly. I have AM EX, Visa, and Mastercard and I love my different points I get but I still pay them off at the end of each month and get the benefit of points. I can't think of one person who lives debt free whose credit score is not above the average FICO score let alone having one low enough to not get a job.

The credit companies really want Americans to be afraid almost of being debt free because they would lose billions if we did.

I was listening to DR the other night and a lady called in. She was going to buy a car with cash and the sales associate told her that she still had to have her credit run even to buy the car with cash. I mean, how ridiculous! Dave laughed for a good 5 minutes at the absurdity of it then told her to find a different car dealership. They would prefer no one buys a car with cash.

Yeah, I would've turned around and walked out. That scare tactic business drives me nuts. Americans have been brainwashed about credit scores, credit cards, and how it's ok to have debt -- necessary, even. Not true.

raven-blackbird · ‎06-03-2010

the only debt we have is the mortgage on the house......................................raven

We're not in Kansas anymore ToTo

FUTURE · ‎04-11-2010

On 1/3/2015 NoelSeven said:
On 1/3/2015 Qwackertoo said:
On 1/3/2015 Marienkaefer2 said: I don't use my cc for everything. Only larger purchases (over $100.) I also don't use it at smaller mom and pop businesses because I.know they get dinged for the purchases on their end, and it's harder for them.to absorb it and stay profitable. Remember the card companies make money from.the merchants, too. I've never had a problem with credit or debt. I.guess I.learned from my Depression ers grandparents. I got my first cc on my own while in college and always managed it well. The only debt I've had are house payments and a car payment when I got my.first new car after college. But I've known people who.have struggled with this.

I agree on small Mom & Pop's. And I also am careful not to subject them to my AmEX as I know the fees are highest on it . . . I try to give them a break when I can with cash or check or "other" credit card such as Visa/MC/Discover.

I agree, also! I pay cash to my hairdresser for the same reason. He has a small shop.

I agree. But I love my CC and the airline miles.

I took 3 free flights in the past year with ours. Just pay the balance every month!

FUTURE · ‎04-11-2010

On 1/3/2015 dobiesrule said: Future, that is awesome! At any age, but at 34, it is tremendous. I am much older than you, but am debt free which is such a great feeling.

Thank you, dobies!! I'm so ready to feel that feeling! Lol!!

GCR18 · ‎07-03-2013

I have a financial resolution for 2015, but it's not to debt free. That's not a realistic goal. A ways to go on the mortgage and I'm only three payments into my new car loan. I will be debt free long before I reach retirement though.

Marienkaefer2 · ‎03-09-2010

On 1/3/2015 FUTURE said:
On 1/3/2015 NoelSeven said:
On 1/3/2015 Qwackertoo said:
On 1/3/2015 Marienkaefer2 said: I don't use my cc for everything. Only larger purchases (over $100.) I also don't use it at smaller mom and pop businesses because I.know they get dinged for the purchases on their end, and it's harder for them.to absorb it and stay profitable. Remember the card companies make money from.the merchants, too. I've never had a problem with credit or debt. I.guess I.learned from my Depression ers grandparents. I got my first cc on my own while in college and always managed it well. The only debt I've had are house payments and a car payment when I got my.first new car after college. But I've known people who.have struggled with this.

I agree on small Mom & Pop's. And I also am careful not to subject them to my AmEX as I know the fees are highest on it . . . I try to give them a break when I can with cash or check or "other" credit card such as Visa/MC/Discover.

I agree, also! I pay cash to my hairdresser for the same reason. He has a small shop.

I agree. But I love my CC and the airline miles. I took 3 free flights in the past year with ours. Just pay the balance every month!