I have one credit card with a $1500 limit on it. I haven't charged anything on it in years. I figure if I'm in a bind it might be useful to charge airfare, rent a car, and hotel. Otherwise I save for things I want. I haven't had a car loan since 1985. I tend to drive my vehicles until they won't go anymore and it's not worth fixing them. When I can tell I need a new one, I save up for it and pay cash. Rarely a new car all my life, just used ones. The only debt I feel is worthwhile is a mortgage. A good rule is always pay yourself first. So take 10% of each paycheck and put in savings. Live off the rest. Never spend 100% of found money.
Good stuff. I do use a credit card and charge everything I can pay off that month on it (i.e. groceries, gas, auto insurance, utilities, etc.) - in other words, carry no balance. In turn, I get cash back....usually around $50 every other month. The "free" money factor is nice.
This is what I do, too. When I need to travel for work, I get a little money back, too... which doesn't suck Carrying credit helps one's credit rating, too, so it makes sense to have some cards even if you don't plan on using them. Ed O.
Sounds good (although I don't drink beer, I'll take another form of booze ). Did you see my friend this past weekend at the Ram? Ed O.
A libation of choice would work fine, just fine. Actually, you're not gonna believe this.....we watched the LSU/Alabama game at her house, then cuddled on the couch and listened to the Ducks game on the radio. (She recently fired Comcast and is in the process of deciding if she wants satellite, or not. Meanwhile, she pulls in local stations on an electric antenna.) She lives right of 24th and Market in Ballard. You near there?
