+6
Summoner
Waireka
Psalter
____
83T'na
ydekm
10 posters
I will be credit-card-less by the end of the day...
83T'na- Nymph
Yeee haaaahhhhhhhhh
Good for YOU!!!!!!!
I've got another, 10(?) months before mine is out of the way.
Good for YOU!!!!!!!
I've got another, 10(?) months before mine is out of the way.
____- Nymph
I've always been credit card-less.
83T'na- Nymph
____ wrote:I've always been credit card-less.
Is that because no one would give you one?
Nah - you're a smart guy. You never asked for one, right?
ydekm- Nymph
I had two - and now I have none.
Just a debit card.
Just a debit card.
83T'na- Nymph
ydekm wrote:I had two - and now I have none.
Just a debit card.
What's the harm in a debit card? Or, was it overdrawn?
ydekm- Nymph
No I have the debit card - I'm keeping it.
Psalter- River-God
We just got rid of our credit card yesterday.
Waireka- River-God
We have one that we bought our fridge, washing machine and lounge/dining furniture on (interest free, figured we could spend our savings on other set up things we needed when moving here).
About $3,500 to go on it and interest kicks in next January.
I'm selling my WRX and buying a decent (but cheaper, wrxs cost a lot here because they are Jap imports) car, the leftover has been designated to the card and a new laptop.
Visa Debit?
I love my Visa Debit and my PayPal account. My bank balance doesn't.
About $3,500 to go on it and interest kicks in next January.
I'm selling my WRX and buying a decent (but cheaper, wrxs cost a lot here because they are Jap imports) car, the leftover has been designated to the card and a new laptop.
ydekm wrote:I had two - and now I have none.
Just a debit card.
Visa Debit?
I love my Visa Debit and my PayPal account. My bank balance doesn't.
____- Nymph
83T'na wrote:____ wrote:I've always been credit card-less.
Is that because no one would give you one?
Nah - you're a smart guy. You never asked for one, right?
Never wanted one.
Summoner- Nymph
I held off getting a credit card and ended up getting a debit. I love my debit and it's now my main account... Most of my wages go into it and I try to spend 20% of that each pay... So I'm saving quite well and living comfortably some what.
So 'grats on killing the credit cards. Can you now tell Adam how to do it?
So 'grats on killing the credit cards. Can you now tell Adam how to do it?
Last edited by Summoner on Thu May 27, 2010 11:57 am; edited 2 times in total (Reason for editing : engrish failed)
Sassydot- Nymph
Whoop!
Don't have a credit/store card, just a fucking huge mortgage
The bank keeps trying to give me one, apparently I'm automagically approved for one with a ridiculously high limit because of having the mortgage. Bad bank. Very bad bank.
Don't have a credit/store card, just a fucking huge mortgage
The bank keeps trying to give me one, apparently I'm automagically approved for one with a ridiculously high limit because of having the mortgage. Bad bank. Very bad bank.
ydekm- Nymph
Waireka wrote:We have one that we bought our fridge, washing machine and lounge/dining furniture on (interest free, figured we could spend our savings on other set up things we needed when moving here).
About $3,500 to go on it and interest kicks in next January.
I'm selling my WRX and buying a decent (but cheaper, wrxs cost a lot here because they are Jap imports) car, the leftover has been designated to the card and a new laptop.ydekm wrote:I had two - and now I have none.
Just a debit card.
Visa Debit?
I love my Visa Debit and my PayPal account. My bank balance doesn't.
Yep Visa Debit. In the UK you could use your normal EFTPOS/Chip & Pin card online... so I was really used to the flexibility of using a debit card in lieu of a credit card.
Just have to NOT make online impulse buys
scuff- Mortal
ive never had a credit dard
Kissme- Mortal
One of the most awesome moments I have had was paying off a 4k credit card, taking it into the bank, and cutting it up.
The other half and I have one credit card account with mastercard and amex with a limit which is quite low. We pay everything using credit card and get the reward points. I pay the card off each month when I get paid.
It's a brilliant system that works well for us.
But I think if our budget wasn't done so many months in advance, it would not work so well.
The other half and I have one credit card account with mastercard and amex with a limit which is quite low. We pay everything using credit card and get the reward points. I pay the card off each month when I get paid.
It's a brilliant system that works well for us.
But I think if our budget wasn't done so many months in advance, it would not work so well.
ydekm- Nymph
Kissme wrote:One of the most awesome moments I have had was paying off a 4k credit card, taking it into the bank, and cutting it up.
The other half and I have one credit card account with mastercard and amex with a limit which is quite low. We pay everything using credit card and get the reward points. I pay the card off each month when I get paid.
It's a brilliant system that works well for us.
But I think if our budget wasn't done so many months in advance, it would not work so well.
That's something I'd like to try in the future.
83T'na- Nymph
Yes, wait until you have 'joint financial goals'. Doing it on one income is risky.
ydekm- Nymph
We do have joint financial goals. But just have some debt to clear first. An interest free HP, and a personal loan mainly. But I think we can get it cleared pretty quickly now the higher risk items (ie my credit cards, because I am a shopaholic) are gone. Cash budget!
Kissme- Mortal
Except for my student loan, I was lucky enough to become debt free a few months after uni. Paid off about 10k I had in debts. Pretty much giving us a fresh start for things plus a pretty well paying job helps even though I still quite don't earn the most. Thankfully this time next year I get about a 15k payrise which means bigger credit card limit! More reward points! Will likely put a fair chunk of it into payinf off my student loan in preparation for a buying a house in a couple of years.
I don't see how doing it on one income is any riskier than doing it on two?
I know a couple of people who all their pay goes into the mortgage and they withdraw x amount of cash a week and that's all they have to spend. Works for them quite well. Neither of them have ever had a credit card or loan so I think their mortgage is their first piece of debt.
I don't see how doing it on one income is any riskier than doing it on two?
I know a couple of people who all their pay goes into the mortgage and they withdraw x amount of cash a week and that's all they have to spend. Works for them quite well. Neither of them have ever had a credit card or loan so I think their mortgage is their first piece of debt.
83T'na- Nymph
Kissme wrote:
I don't see how doing it on one income is any riskier than doing it on two?
I know a couple of people who all their pay goes into the mortgage and they withdraw x amount of cash a week and that's all they have to spend. Works for them quite well. Neither of them have ever had a credit card or loan so I think their mortgage is their first piece of debt.
No back up if someone loses their job or gets sick. That is, unless you have a HUGE income protection policy.
Kissme- Mortal
Regardless though, you will still be left short unless the other persons income magically increases. I would say there would be more risk for a couple they have higher outgoings than a single person would.
83T'na- Nymph
Kissme wrote:Regardless though, you will still be left short unless the other persons income magically increases. I would say there would be more risk for a couple they have higher outgoings than a single person would.
Really only in 'consumables' like food, electricity, petrol etc.
Still - the best financial strategy for couples is a 'yours, mine, ours' set up.
Waireka- River-God
83T'na wrote:Kissme wrote:Regardless though, you will still be left short unless the other persons income magically increases. I would say there would be more risk for a couple they have higher outgoings than a single person would.
Really only in 'consumables' like food, electricity, petrol etc.
Still - the best financial strategy for couples is a 'yours, mine, ours' set up.
I disagree, I prefer a 'his = mine, mine = mine, ours = mine' set up.
ydekm- Nymph
Waireka wrote:83T'na wrote:Kissme wrote:Regardless though, you will still be left short unless the other persons income magically increases. I would say there would be more risk for a couple they have higher outgoings than a single person would.
Really only in 'consumables' like food, electricity, petrol etc.
Still - the best financial strategy for couples is a 'yours, mine, ours' set up.
I disagree, I prefer a 'his = mine, mine = mine, ours = mine' set up.
For sheezy.
I used to think couples should keep some finances seperate.. but now I dont really care.