The Ex finally paid me the money she owed me, so today I paid off the credit card. The lawyer is paid off, and by the time I get back to the states I should have both the Monster and my car paid off as well (then I'll be completely debt free).
I guess there's a silver lining to every mushroom cloud. [roll]
Enjoy it bro!! Good time to be debt-free!
That's good news.
Just hang tight and come back safe.
Nice. Now don't start spending it in stuff you can't pay for.
I have zero debt. But then I don't own anything of value. Bikes paid for from day 1. ( I don't believe in financing a hobby).
Wish I bought a place, but in this shitty economy got to hold on every cash possible I guess.
I know the rest is sh*t but that is a great feeling Adam!
Cash is King! Congrats.
debt free is worth SO much right now...
congrads!!
damn Adam...you have a pretty civilized Ex-
mine, (the sensitive fragile flower/snowflake that she fancied herself to be) emptied the known bank accounts and her secret ones..... and maxed out the credit cards
all while I was burying my younger sister in 1986
I'd say you're off to a good start!!!
Quote from: ab on August 10, 2011, 03:10:10 PM
...
Wish I bought a place, but in this shitty economy got to hold on every cash possible I guess.
Give it two weeks. The banks are so desparate to unload all the foreclosures they've had handed back to them, they've started to demolish perfectly good homes. You'll be able to pick up decent properties for the cost of a Diavel in no time.
///only half-kidding.
Me, I should be CC debt-free by tax time next year. Thank you, Mr. Dave Ramsey. Please run for President.
Quote from: RAT900 on August 11, 2011, 01:10:21 AM
damn Adam...you have a pretty civilized Ex-
mine, (the sensitive fragile flower/snowflake that she fancied herself to be) emptied the known bank accounts and her secret ones..... and maxed out the credit cards
all while I was burying my younger sister in 1986
I'd say you're off to a good start!!!
Mine's smarter than that... due to her cheating and everything else that she did, I was holding all of the cards in our divorce. I very plainly told her that if she make the beast with two backsed with my finances, I'd make sure that she never saw our son again. Then I made sure to get everything that she owed me in writing in the divorce paperwork. That way if she didn't want to pay, she could go sit in jail for a while.
I may have lousy judgement when it comes to women, but I still know how to cover my own ass in a legal situation. I just wish that I never had to see/speak to her again.
CC debt free since 1999 here! It is the only way to go. I use them, but pay them off every month.
mitt
Quote from: Adamm0621 on August 11, 2011, 06:29:15 AM
Mine's smarter than that... due to her cheating and everything else that she did, I was holding all of the cards in our divorce. I very plainly told her that if she make the beast with two backsed with my finances, I'd make sure that she never saw our son again.
That's the worst thing to do, so don't do it. I don't know how old your kid is, but unless she is abusive, that's a toll that the child pays too. Take it from me, I was that kid and it made me miserable most of my life to know my mom was keeping my dad from me, only to learn years later he died in Viet Nam.
Quote from: mitt on August 11, 2011, 06:50:23 AM
CC debt free since 1999 here! It is the only way to go. I use them, but pay them off every month.
+1
My rule: If you can't pay one off in two months or less, you probably couldn't afford the purchase to begin with.
Careful over there, Adam...
Paying off your CC every month is how you beat the debt business at its game. You cost them money each month. Of course, if we all did it they would go out of business.
Quote from: akmnstr on August 11, 2011, 10:24:03 AM
Paying off your CC every month is how you beat the debt business at its game. You cost them money each month. Of course, if we all did it they would go out of business.
No they wouldn't. They charge vendors 2-4% per purchase. You buy $100 of crap, the vendor ponies up $2-4 for the privilege of having you as a customer.
Plus, they would just change their model so all cards would have an annual fee. My Amex (biz platinum) has an annual fee of $450. It's worth it to me given how I use the card. None of the regular cards I have charge an annual fee, but I can remember when it was common for a Bank Americard or Master Charge to have a $30-50/year fee.
Your logic sucks and is boring as usual. If I walk into my grocery and I pay with cash I pay the same price as I would with a CC. I am paying nothing extra for the use of the card. Yes, if everyone paid off their card every month they would have to change their model. They would not be making a sufficient profit to cover their expenses. That is the point. They are dependent on users running up bills they cannot pay and worse, individuals that lack the discipline or cerebral content to manage their debt.
I am out of here!
Quote from: akmnstr on August 11, 2011, 10:56:56 AM
Your logic sucks and is boring as usual. If I walk into my grocery and I pay with cash I pay the same price as I would with a CC. I am paying nothing extra for the use of the card.
It's well established that vendors raise their prices to cover the cost of card users. Card users have made retail more expensive for everyone because of the 2-4% surcharge. This is why many vendors offer a small rebate at purchase if you pay cash.
QuoteYes, if everyone paid off their card every month they would have to change their model.
that's not what you originally said:
Quote from: akmnstrPaying off your CC every month is how you beat the debt business at its game. You cost them money each month. Of course, if we all did it they would go out of business.
Going out of business is not the same as changing a business model.
Retailers have simply passed the cost of card users to everyone (or offer rebates for cash purchases).
I also mentioned AmEx -- you have to pay in full EVERY MONTH and somehow, they make a shitload of profits. So much that companies have begun to license their charge cards.
Quote from: ducatiz on August 11, 2011, 10:36:11 AM
Plus, they would just change their model so all cards would have an annual fee. My Amex (biz platinum) has an annual fee of $450. It's worth it to me given how I use the card almost weekly at Ikea purchasing future Ducatiz family heirlooms. None of the regular cards I have charge an annual fee, but I can remember when it was common for a Bank Americard or Master Charge to have a $30-50/year fee.
fixed it for ya!!! [cheeky]
Quote from: RAT900 on August 11, 2011, 11:52:56 AM
fixed it for ya!!! [cheeky]
lol..alas, no... biz use only
Quote from: ducatiz on August 11, 2011, 12:11:04 PM
lol..alas, no... biz use only
yeah you probably wouldn't want the office to know your personal purchasing habits anyway
Well, the term "business use" can encompass a great number of things.....
Quote from: ducatiz on August 11, 2011, 07:11:17 AM
That's the worst thing to do, so don't do it. I don't know how old your kid is, but unless she is abusive, that's a toll that the child pays too. Take it from me, I was that kid and it made me miserable most of my life to know my mom was keeping my dad from me, only to learn years later he died in Viet Nam.
sorry to hear.... but, damn good advise!
my ex wouldn't come and visit the kids but would tell them that I was stopping her! between always telling them what a #%@& I was all the time! (another thing you shouldn't do)
Congrats!! Being debt free is a great feeling.
Quote from: ducatiz on August 11, 2011, 11:03:53 AM. . . So much that companies have begun to license their charge cards. . . .
and tie the number of work hours offered or outright tie card signups to if you work there or not to some poor schmoes employment. Being badgered with "do you have our "xxxxxxxxxxx" card?" "Do you want one?" "Here let me fill the paperwork out for you." "I'll give you a reacharound if you sign up for our "xxxxxx" card!!!" is very annoying. Those retailers get the Amex. Those that don't try to peddle their plastic get the debit card or cash.
Quote from: ducatiz on August 11, 2011, 07:11:17 AM
That's the worst thing to do, so don't do it. I don't know how old your kid is, but unless she is abusive, that's a toll that the child pays too. Take it from me, I was that kid and it made me miserable most of my life to know my mom was keeping my dad from me, only to learn years later he died in Viet Nam.
The way the divorce worked out, we have joint custody with her being the primary care provider. The threat was only there so she wouldn't touch my finances. Now that everything is just about wrapped up, I have no intentions of being anything but civil with her, simply for my son's sake, but we'll never be bosom friends.
My parents had a nasty divorce, and I have no desire to follow in their footsteps. I saw what it did (and continues to do) to my brother and I, and won't let that happen to my son if it can be avoided. That being said, I only have control over my own actions... how she goes about this in the future is up to her.
I do know that at some point in the future, my son will most likely become curious and will ask what happened between his mother and myself. While I won't bash her, if he's reached an age where I think he can handle it, I will tell my son the truth. However harsh the truth may be, I won't lie to him.
Adam be careful with facts....and spare the facts if you can with your son
and keep this concept in mind....facts do NOT always add up to "the truth"
truth was..... the relationship wasn't working and one of the parties in the relationship elected to "act-out"
........"the truth" is like fire....it can cook your food, provide light and warm you....
but it can also burn down your house, scorch your crops to the earth and leave you in darkness
^^^^^
good advice
@ RAT900... this is all rhetorical at this point. My son's only three, so there are quite a few years between where I am sitting now and the day that I might need to have this talk with him. Who knows what will happen ten or fifteen years down the road.
Quote from: mitt on August 11, 2011, 06:50:23 AM
CC debt free since 1999 here! It is the only way to go. I use them, but pay them off every month.
mitt
Big +1!