debt
Posted: 10 Jul 2017, 19:46
Are you in debt? (and that includes credit cards as well as overdrafts or other money borrowed)
Does it bother you?
Does it bother you?
Black Cat Bone
Providing a platform for the petty and the uninformed since 2003
http://bcb-board.co.uk/phpBB2/
debt
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Re: debt
Posted: 10 Jul 2017, 19:49
LOTS and YES.
Re: debt
Posted: 10 Jul 2017, 20:12
I did owe lots for years, but finally paid it all off (with a little assist - not asked for, but gratefully accepted - from my parents). Interest charges are a bitch.
As of this writing, I owe nothing beyond what I've charged in the last month, and I can pay that off.
I'm not SAVING as much as I should be, mind.
As of this writing, I owe nothing beyond what I've charged in the last month, and I can pay that off.
I'm not SAVING as much as I should be, mind.
Re: debt
Posted: 10 Jul 2017, 20:12
One grand in the hole, felt a bit bad about it, then I got chatting to my friends who got caught up in the property boom in here Eire. One grand in the red ain't shit compared to most of those folks.
Re: debt
Posted: 10 Jul 2017, 20:21
Nothing.
I don't like capitalist mortgages (USA-style), I don't like smartphones, and I don't like stealing music and movies via the web.
Which is also moral debt.
I am happy.
I don't like capitalist mortgages (USA-style), I don't like smartphones, and I don't like stealing music and movies via the web.
Which is also moral debt.
I am happy.
Re: debt
Posted: 10 Jul 2017, 20:26
I owe a modest amount on two credit cards. By the end of this summer I'll have worked enough to pay the whole lot off. But should I?
Re: debt
Posted: 10 Jul 2017, 20:29
Diamond Dog wrote:LOTS and YES.
Re: debt
Posted: 10 Jul 2017, 20:29
Nope, not at all.
I have been for much of my adult life, but could always live with it.
We cleared all our debt when we sold our house in 2005 to go back into renting.
I have been for much of my adult life, but could always live with it.
We cleared all our debt when we sold our house in 2005 to go back into renting.
Re: debt
Posted: 10 Jul 2017, 20:31
The only type that really bothers me, for some reason, is credit card debt - I suppose it's to do with the exhorbitant interest rates - so I try to keep mine at a $0 balance, and just paid it off this morning.
We've got a mortgage, but that's dealt with automatically every two weeks and I rarely think about it. It'll be nice when it's paid off, but we already own way more of our house than the bank does, so even if it were to all come crashing down around our ears we'd still be in decent shape. I think.
We've got a mortgage, but that's dealt with automatically every two weeks and I rarely think about it. It'll be nice when it's paid off, but we already own way more of our house than the bank does, so even if it were to all come crashing down around our ears we'd still be in decent shape. I think.
Re: debt
Posted: 10 Jul 2017, 20:36
BLACK FELLA wrote:I owe a modest amount on two credit cards. By the end of this summer I'll have worked enough to pay the whole lot off. But should I?
You're asking us??
FWIW credit card companies are vicious usurers, one step down from loan sharks, and of course you should pay them off
Re: debt
Posted: 10 Jul 2017, 20:42
None.
I cut up my credit cards 20 years ago after a big fight with Barclaycard ( which they lost) and have managed without credit ever since, even if it has meant going without a lot of the things I might have bought. Now I am mortgage free and the world seems a much kinder place.
I cut up my credit cards 20 years ago after a big fight with Barclaycard ( which they lost) and have managed without credit ever since, even if it has meant going without a lot of the things I might have bought. Now I am mortgage free and the world seems a much kinder place.
Re: debt
Posted: 10 Jul 2017, 20:44
Diamond Dog wrote:LOTS and YES.
To be honest, I had a once-in-a-lifetime opportunity when I turned 55 back in January. I've finally got that all tied up and, by the end of this very week, will be debt free for the first time in (probably) 15 years (with a small hiatus around 8 years ago for a couple of months). I'm paying off the credit card, hopefully getting back into the housing market by the end of the year, and sleeping at night again hopefully.
By the way - I blame no one but myself for this. I am quite simply a fucking arsehole with money. I need to get it away from me so I can't spend it (hence the property) because if I get one glimmer of an opportunity, I will.
Re: debt
Posted: 10 Jul 2017, 20:48
Rayge wrote:BLACK FELLA wrote:I owe a modest amount on two credit cards. By the end of this summer I'll have worked enough to pay the whole lot off. But should I?
You're asking us??
FWIW credit card companies are vicious usurers, one step down from loan sharks, and of course you should pay them off
Re: debt
Posted: 10 Jul 2017, 20:49
I've got a bit of a mortgage, but it's not much, and I could pay it off if it were worth doing so. The wife's car was bought on a finance deal, which will take a few years to pay off, and I think I've got about £30 on my credit card. All of it's easily manageable and doesn't worry me at all. I'm more concerned about having enough money to pack it all in for a life of more-than-just-scraping-by in 20 years time when I retire. Here and now is ok.
Re: debt
Posted: 10 Jul 2017, 20:49
Bride Of Sea Of Tunes wrote:Rayge wrote:BLACK FELLA wrote:I owe a modest amount on two credit cards. By the end of this summer I'll have worked enough to pay the whole lot off. But should I?
You're asking us??
FWIW credit card companies are vicious usurers, one step down from loan sharks, and of course you should pay them off
Wisdom.
Re: debt
Posted: 10 Jul 2017, 20:52
Re: debt
Posted: 10 Jul 2017, 20:52
BLACK FELLA wrote:I owe a modest amount on two credit cards. By the end of this summer I'll have worked enough to pay the whole lot off. But should I?
Work out how many months it will take to clear it , look at how much interest they make and then imagine what you pay them being paid into another account and what you could do with that money , sobering. Well , it woke me up. They are a backup source credit cards.
I like paying for things and owning it , people buy stuff in sales on credit cards and end up paying more than when it was new . The interest charged is obscene , fuck all interest if you save and , being credit checked by algorithms , which , when the info on you is wrong means you are royally fucked.
Re: debt
Posted: 10 Jul 2017, 21:03
I owe so much money.
Education is expensive when you do it the wrong way.
I know I should make paying it off a priority... but such a big number makes it less believable as a real thing.
Education is expensive when you do it the wrong way.
I know I should make paying it off a priority... but such a big number makes it less believable as a real thing.
Re: debt
Posted: 10 Jul 2017, 21:10
Rayge wrote:BLACK FELLA wrote:I owe a modest amount on two credit cards. By the end of this summer I'll have worked enough to pay the whole lot off. But should I?
You're asking us??
FWIW credit card companies are vicious usurers, one step down from loan sharks, and of course you should pay them off
but it would leave me with NOTHING!
Re: debt
Posted: 10 Jul 2017, 21:13
No debt...Haven't had any since we paid of our student loans years ago...We have two credit cards and only use one, which is paid in full each month...