tag:blogger.com,1999:blog-5089828552519076506.post123840657860370929..comments2024-03-29T16:34:01.380+10:00Comments on down to earth: Paying off your mortgage and credit cardsUnknownnoreply@blogger.comBlogger12125tag:blogger.com,1999:blog-5089828552519076506.post-90816126090020535572013-05-29T06:08:02.301+10:002013-05-29T06:08:02.301+10:00“When you pay off your debt you have to be strong....“When you pay off your debt you have to be strong.”—This passage states great value, Rhonda. Debt is something that can't just be ignored, or something that we should outlive, especially when you are planning to get a new house or thinking about educational plan for your child's future. But then, if you plan to get a loan, you should measure your limit. In that way, you won't bury yourself from thinking how can you release yourself from such predicament.<br /><br /><a href="http://south-carolina.churchillmortgage.com/sc-home-loans/" rel="nofollow">Abdul Jackson</a> <br />Abdulhttps://www.blogger.com/profile/05457465688057475273noreply@blogger.comtag:blogger.com,1999:blog-5089828552519076506.post-71893046688818821462007-11-27T14:19:00.000+10:002007-11-27T14:19:00.000+10:00A credit card is really handy, but only if you've ...A credit card is really handy, but only if you've got self control! I do lots of my grocery and other shopping online and find it's much easier to control my spending because I'm not looking at all the things that aren't on the list. It also saves me a lot of time.<BR/><BR/>When I was saving for my first overseas trip I was scared that I'd 'accidentally' spend my savings on shoes or something. So I 'froze my assets', I put the credit card (wrapped) in the freezer. I figured that way I would have to come home, and warm it up, before I could purchase anything significant.<BR/><BR/>If anyone does have multiple credit card debts, they really should see a financial advisor. There are often free or subsidised ones around. Another option is to combine all the credit card debts into one personal loan at a lower rate of interest. If it's a big debt it's worth working out the sums with someone who knows what they're doing (not me!)Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5089828552519076506.post-76057103517929718902007-11-26T03:24:00.000+10:002007-11-26T03:24:00.000+10:00Rhonda, how inspiring. I don't have a credit card ...Rhonda, how inspiring. I don't have a credit card at all - I pay for everything with cash! It really makes me feel I'm spending. So I don't spend much.Mrs. Anna Thttps://www.blogger.com/profile/15377583333000789903noreply@blogger.comtag:blogger.com,1999:blog-5089828552519076506.post-39351537150338991592007-11-26T00:22:00.000+10:002007-11-26T00:22:00.000+10:00We also clear our 2 cards every month. One of the...We also clear our 2 cards every month. One of them is a gas card that allows us to save substantially each month (a 10 cent per litre discount.)<BR/>I have to second you on Dave Ramsay's book it is exceptional, simple and easy to read and very very solid!Nikihttps://www.blogger.com/profile/05943301163903634325noreply@blogger.comtag:blogger.com,1999:blog-5089828552519076506.post-59427166334720169352007-11-25T23:25:00.000+10:002007-11-25T23:25:00.000+10:00As always Rhonda, you give excellent advice. Like...As always Rhonda, you give excellent advice. Like a couple of your other commenters I have a slightly different attitude to the issue of credit cards though. I only know how the credit card companies operate in the UK, but here they offer lots of incentives to use credit. If you play the game wisely, you can get free credit or money back offers which can boost a limited budget. I'm a single parent, supporting my daughter through university and an adult son with a disability and I still have a mortgage so money has to stretch a long way. I take advantage of the offers as they help a lot. For example, I use a credit card to pay for petrol as I get 4p a litre off of a specific brand of petrol. I always pay off the balance in full, except where I have 0% on purchases where I pay the minimum balance, but I always make sure the rest of the balance due is saved in a high interest account. I never spend more than I can afford and that's the key. This way of taking advantage of credit card companies is explained much better on websites that specialise in giving money advice. I won't mention my favourite as you might think it's advertising!<BR/>All the bestDenisehttps://www.blogger.com/profile/00144097263060047523noreply@blogger.comtag:blogger.com,1999:blog-5089828552519076506.post-20488044880784641142007-11-25T16:24:00.000+10:002007-11-25T16:24:00.000+10:00We bacame debt free in April this year and it is W...We bacame debt free in April this year and it is WONDERFUL!!!<BR/>I got my first mortgage when I was 17 and 5 houses and 29 years later we are finally out of debt FOREVER!!!<BR/>I use cash for my everyday expenses and use my one credit card for other things(birthdays, fabric etc) and then transfer the money over as soon as the transaction appears on my account. I never buy anything unless I know I have the cash in the bank to cover it but I like to use my cc so I can accumulate rewards points which I cash in for gift cards to use as presents. This year I have given out $100 in 'free' gift cards and also had $100 in supermarket cards that I used to start my stockpile. I LOVE taking advantage of the bank ;)Michellehttps://www.blogger.com/profile/16907021712935423492noreply@blogger.comtag:blogger.com,1999:blog-5089828552519076506.post-45136440451022884332007-11-25T14:59:00.000+10:002007-11-25T14:59:00.000+10:00This is a great post. My partner and I kept saying...This is a great post. My partner and I kept saying we were going to save and buy a house, but it never happened. Now that I am starting a new job we have started a new bank account and all my pay except for $50 a week will go in there - we have been living off just his income for a few months so $50 a week for me to spend is luxury, plus we will save a big chunk of money. <BR/>I think you are right - what's 8 years of going without the excess crap if for the next 40 years you can be debt free and own your home? Well worth it in my opinion. Now if ebay would just stop calling my name...Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5089828552519076506.post-24878154910797708702007-11-25T09:19:00.000+10:002007-11-25T09:19:00.000+10:00great advice... we only have one card which we pay...great advice... we only have one card which we pay in full each month... our home has been paid for for several years... it was difficult like you said but it is a good feeling to not owe any one any thing...<BR/>your post is very informative...Mimihttps://www.blogger.com/profile/05829978526818067941noreply@blogger.comtag:blogger.com,1999:blog-5089828552519076506.post-58128532131459738682007-11-25T08:51:00.000+10:002007-11-25T08:51:00.000+10:00RJ, I traded in our credit cards for debit cards ...RJ, I traded in our credit cards for debit cards a few years ago. Our cards were always up at the limit which we had the money to pay, but "forgot" sometimes. Now we are using our own money on plastic, but you're absolutely spot on when you talk about the difference between handing over plastic, and handing over notes. When you pay for your purchases with notes, you actually have a sense of feeling poorer, and therefore you think very carefully about whether you need what you are buying. When it's on the card, it just doesn't mean as much. LJThe Tin Househttps://www.blogger.com/profile/03422547957232680227noreply@blogger.comtag:blogger.com,1999:blog-5089828552519076506.post-59025289530679998542007-11-25T07:29:00.000+10:002007-11-25T07:29:00.000+10:00Great post Rhonda. B and I only have one credit c...Great post Rhonda. B and I only have one credit card on which we put all our expenses and pay off in full each month, or at worst by the second month. This works for us.<BR/><BR/>I have seen the trouble friends have got into with 8 or 10 cards.<BR/><BR/>I visited Myer the other day for the first time in ages and at every counter they asked, "Would you like a Myer 1 card?" I found this very annoying and I won't be going back.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5089828552519076506.post-39172115743675029192007-11-25T06:57:00.000+10:002007-11-25T06:57:00.000+10:00Another great Post.:o) Hope you are having a great...Another great Post.:o) <BR/>Hope you are having a great week.Bl;essins', LibLibhttps://www.blogger.com/profile/10854570178942602696noreply@blogger.comtag:blogger.com,1999:blog-5089828552519076506.post-5758607995027320172007-11-25T06:28:00.000+10:002007-11-25T06:28:00.000+10:00I just wanted to write a little note and tell you ...I just wanted to write a little note and tell you how much I am enjoying reading your blog. My boys and I are anxious to make some of your ginger beer when things slow down a little for us - deer season is here and we have been canning meat most of the week.Anonymousnoreply@blogger.com