Posted on 07/31/2015 11:02:38 AM PDT by SeekAndFind
I bought a semi luxury car for my last one. Paid it off and haven’t had a payment for about 4 years. Ahh sooo nice.
Paying cash is even nicer.
I dropped $7k and got an Infiniti G35. Smartest car move I ever made. My wife got a 2010 Ford Fusion which is a really good car.
The only new car I ever bought was 1985 Honda Accord.
“The payment on $300k at 4% is only $1,432.20 a month. That’s less than renting in a lot of markets. And the interest portion (most of it, in the early years) is deductible from your income for tax purposes. “
Yep
I pay directly on line with my checking account, and make sure I stay on top of it like I do with all of my bills.
But I understand we all have our preferences, kind of nice to know in an emergency that you have the ability to take care of it though.
True
Ask them if the Federal Government should do something to help them with their debt.
Be sure you are sitting down before reading the results.
Perhaps have a couple of belts first.
Well, I’ve got enough savings to handle most any emergency short of some catastrophic illness, and I’ve got insurance for that.
What's nicer is getting money back on money you would have spent anyway, and achieving an excellent credit rating to boot!
In 9 months I have to date $329.00 cash back on everyday expenses, but to each his own.
I play the game and benefit from it, it works for me.
Sure it sounds like its free money. They like you so much they are paying you.
RIght
I hear ya FRiend.
We all have our ways of attacking life and trying to get ahead.
I had to replace a fuel pump in my car (again) at $1,100 a whack a couple of months ago. I put it on a card that is interest free until May of next year and paid it off already.
I could have paid it from my savings but used the card instead and got 1% back on it.....more than any interest that banks pay these days.
Anyone I know who doesn’t have at least mortgage debt also doesn’t have children; they are “frugaling” themselves into extinction.
I spend about $500.00 per month on groceries alone per year and get 6% of that in cash back, how is that disputable?
You probably spend the same, wouldn't you like something back on money you spend anyway
Play the game, if you choose too. For me and my situation it is a win win.
A home mortgage is probably the last thing anyone should pre-pay; it is generally a low interest rate and tax-deductible. While everything you buy even a year or two down the road will be at higher prices, the sales price of that home remains constant. Even with the fall in housing prices, we’re OK because we bought before the bubble (and would never pre-pay it as long as ANY other bills are around - and even then I’d hesitate to pre-pay).
I find the credit card companies to be evil vile organizations who prey on the weak and ignorant.
I give them as little as possible.
I think I have the various -ists who like to send me a bill every couple of weeks to nickel and dime me to death paid up as of today.
Watch my money and get through anniversary which should be done and budgeted until the next pay period then I can make a big dent. As long as I don’t get any more overpriced useless trinket requests, I should make it.
“We don’t owe on a thing except our one monthly credit card, that we pay off monthly.”
Same here. There were one or two times in our life where we didn’t pay off the entire credit card bill the same month. Like when buying a house and came up short that month due to cash flow and excess closing costs.
People should look at their net worth, not what they owe. Especially when you get old and don’t have any work retirement. Half a million $ or so might get you by.
RE: I bought a house in a nice neighborhood I could afford. Paid it off in 8 years. Became 100% debt free in my mid forties.. Life’s good.. Ahhhhh!
Very good, and now... for the PROPERTY TAXES. I hope you live in an area where they do not perpetually increase to a point where it becomes a burden like many other places in the USA.
I have no debt at this time but I intend to borrow every last cent I can when the USD starts to fail...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.