$8,000 in a few days

[John Picard]

^^ You should pay off that high interest CC debt before taking on any more debt (mortagage, no more CC debt!). What a waste of money! You're still charging more on them than you're paying off too. Digging a deeper hole for yourself.

Mr Awe

And use a debit card

 

[Mr Awe]

^^ If you religiously pay off your balance in full each month, it's better to use a credit card. You get additional onsumer protections and cashback or other perks. However, if you're not dedicated enough to pay the balance in full every single month, sure use a debit card.

Mr Awe

 

[Lindley]

No special perks on it, but I always select "Credit" at the machine even though my card is linked to my bank account. Avoids the debit fee.

 

[John Picard]

^^ If you religiously pay off your balance in full each month, it's better to use a credit card. You get additional onsumer protections and cashback or other perks. However, if you're not dedicated enough to pay the balance in full every single month, sure use a debit card.

Mr Awe

Here's an idea, just use cash, rather than depending on stupid perks of credit cards. I haven't had a credit card in three years and it hasn't hurt me one bit. I don't have to deal with the BS, like sudden increases in the interest rate, magic switcho-chango late payment dates, mystery fees, and other crap people bend over and take. Spend money you have, rather than money you don't have.

Then, consider this:

During financial pinch, banks reduce credit card rewards

Banks are getting stingier with their credit card rewards programs.
American Express recently axed the domestic companion airline tickets provided free to Platinum and Centurion cardholders. JPMorgan Chase rolled out what industry watchers say are less generous rewards for some customers. And Discover now requires cardholders to forfeit cash rewards if an account is inactive for 18 months or if they pay more than two months late.
Banks have dangled such rewards as cash and airline tickets since the 1980s to encourage consumers to charge more, and more often, to their credit cards. Through the years, benefits have become more generous and more outlandish (think concert tickets and space flights) as banks competed for consumers' dollars. But now, struggling to pay their own bills, some banks are retrenching.

Rewards No thanks. I'll stick with peace of mind and financial security.

 

[Mr Awe]

^^ If you religiously pay off your balance in full each month, it's better to use a credit card. You get additional onsumer protections and cashback or other perks. However, if you're not dedicated enough to pay the balance in full every single month, sure use a debit card.

Mr Awe

Here's an idea, just use cash, rather than depending on stupid perks of credit cards. I haven't had a credit card in three years and it hasn't hurt me one bit. I don't have to deal with the BS, like sudden increases in the interest rate, magic switcho-chango late payment dates, mystery fees, and other crap people bend over and take. Spend money you have, rather than money you don't have.

Here's an idea, why don't you get over your phobia of credit cards? I pay in full every month so I don't have late fees or what not and I'm only spending money that I have. I, however, enjoy hundreds of dollars of free money every year for my cash back awards. You might call that stupid, but I don't.

We've been down this road before so I'll say no more but I expect you won't see the logic . . . again.

Mr Awe

 

[Scout101]

^Pretty much. And it's somewhat telling as to his financial status that in the DTV thread in TV + Media, he was complaining so hard about the $40 converter fee, and how he couldn't afford to buy one. If you can't comeup with $40 over 2 years, should probably back off on the militant financial advice!

This thread reminded me, though, that I need to log in and cash in my credit card rewards. I just passed the milestone needed for another free $200

 

[Holdfast]

Leaving aside our regularly scheduled Misc debate on credit cards for a moment, this caught my eye:

I'm disabled and as such, I don't work. I'm on Maine's medicare. If I have too many assets and if I make too much, they'll take my benefits away and I won't get the meds I need to do my ADLs (activities of daily living). If I have CDs or stocks and bonds and all the other nice things bank-related and DHHS takes a look at my bank statements, they'll see my assets and take them into account against my benefits. I'm not only concerned about my benefits but Olivia's benefits and my wife's.

Is it fair to assume from the above that you do not intend declaring the $8k extra income you will be receiving and will instead be defrauding the taxpayer?

 

[Rÿcher]

It's tax exempt.

I'm tired of this. Of being analyzed and being picked apart. yeah I've got Aspergers but I'm not some fucking retard.

Forums aren't my thing. I'm quitting all of them.

 

[Holdfast]

It's tax exempt.

I didn't mean to the IRS; I meant to the Medicare authorities, since your benefits from them seem to be dependent on your asset levels. That's what I'm reading from your post, anyway. If I'm wrong, feel free to put me right.

You asked for any questions in an earlier post, anyway, so I don't see why you're now feeling defensive all of a sudden.

But yes, of course it's your choice whether you want to reply and explain or not. I'm hardly getting the bamboo needles out here.

 

[Alpha Romeo]

It's tax exempt.

Who told you that?

Didn't you say its your moms from a lawsuit and she recently died? Its probably subject to an inheretence tax. Better check that.

 

[Rÿcher]

you'll be pleased to know that we have $1,500 in addition to our initial $2,000 for Olivia's college fund. We were late in getting the college fund so they can't match us. I guess you had to do that within the first year of her being born. We'll contribute so much per month until she graduates barring winning the powerball.

And I showed considerable restraint today while at the mall. I wanted to get a few things like a resin bust of Shaak Ti, the alien from the Alien(s) movies at Spencer Gifts and several model kits at a hobby shop. I didn't get any of those things.

Lately, I have found myself shopping for Olivia and household needs when I have cash earmarked for me. Let's say I got some cash from my father for christmas. I'd go out to Lowes or something and I'd be looking for something to make Olivia's room safer or prettier or make the apartment nicer or brighter or something. I keep having to remind myself "this is my money, it was given to me to spend on me" but then I figure getting these things on my daughter or for the apartment would make me feel just as good if not better as if I had gotten something for myself.

Did I do good?

 

[Mallory]

you'll be pleased to know that we have $1,500 in addition to our initial $2,000 for Olivia's college fund. We were late in getting the college fund so they can't match us.

I guess you'll have your match after the taxpayers buy you $1,500 in drugs that you could have bought yourself.

Sorry Rycher, I just can't abide with people who try and hide assets (or fail to report them) in order to receive public assistance from the taxpayers.

 

[Captain Ice]

Rycher, I call that the difference between being an adult and a child. The adult sees what they should buy (things to make your daughter's room safer) and the child sees what they want to buy.

 

[Rÿcher]

^ That's what I was going for. Thanks for the recognition.

^^ yeah, okay.

 

[Mr Awe]

Did I do good?

You did great!! Congrats! Keep up the great work!

Mr Awe

 

[Alpha Romeo]

you'll be pleased to know that we have $1,500 in addition to our initial $2,000 for Olivia's college fund. We were late in getting the college fund so they can't match us.

I guess you'll have your match after the taxpayers buy you $1,500 in drugs that you could have bought yourself.

Sorry Rycher, I just can't abide with people who try and hide assets (or fail to report them) in order to receive public assistance from the taxpayers.

Yea I can't stand that either. If he had the $$ to pay for his meds he should have.