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#81
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#82
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Another "we'll screw you for paying cash" item is cell phones. Just try and buy one for cash; i.e. no contract. You'll find you pay 3-10x per minute for the priviledge of paying in advance. And of course, the phone is not "free" either.. {In the EU, prepay phones are both common and inexpensive..} -- A host is a host from coast to & no one will talk to a host that's close........[v].(301) 56-LINUX Unless the host (that isn't close).........................pob 1433 is busy, hung or dead....................................20915-1433 |
#83
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mike regish wrote:
Taking responsibility for screwing up is what I'd like to see. Show me where he's done that. Any idiot knows he's responsible for getting us there. Saying that he'd screw up again is not exactly reassuring. I'd like to see ANY politician admit they've screwed up. I don't think I've ever seen that happen. Matt |
#84
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PaulaJay1 wrote:
In article , Matt Whiting writes: Quite frankly, this isn't worth the pain of dealing with two credit cards, paying two bills, etc. There is a very strong reason to have two credit cards. When on a trip, have your wife carry one and you carry the other. Then when one is misplaced (don't ask me how I came to this conclusiion) you can cancel that one and still have a good vacation. Chuck Yes, I agree wholeheartedly. I have a corporate AMEX card that I'm authorized to use for personal expenses in an emergency, so I have two cards already without Discover. Matt |
#85
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Chuck wrote:
"Paul Tomblin" wrote in message ... In a previous article, "Chuck" said: "Paul Tomblin" wrote in message ... Anybody who carries a balance on any credit card is an idiot or a sucker. Or isn't as wealthy or well off financially as you are... Nobody is *forcing* you to buy what you can't currently afford, you know. Back before credit cards existed, people actually saved up money ahead of time for major purchases, instead of all this "buy now and pay later" instant gratification stuff. Ya know... I didn't say that paying the balance off was a bad thing. I guess what kinda ticked me off about your post was you said that people were idiots or suckers for not paying the balance. I merely pointed out that some people can't do that. If I get a new job and have to go to Sears and buy $2,000 worth of tools, I will not be able to pay the balance off in one month. But I gotta have the tools if I want the job. That is exactly why any financial advisor worth their salt recommends that you save an amount equal to 3 - 6 months of expenses as an "emergency" cash fund. Yes, it takes time to do this and a lot of self-control, which most Americans no longer have, but that eliminates the need to ever use a credit card for a situation like this ... or a transmission failure in your car ... or a leak in your roof, etc. Rather than save, most people use credit as their emergency fund. And, as Paul said, that is a sucker play. Matt |
#86
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Chuck wrote:
"Matt Whiting" wrote in message ... Chuck wrote: "Paul Tomblin" wrote in message ... In a previous article, "RS" said: If you have an AOPA/MBNA credit card then you should check the APR on your last statements. MBNA has been raising the APR on AOPA cardholders, even if you pay on time. Anybody who carries a balance on any credit card is an idiot or a sucker. snip Or isn't as wealthy or well off financially as you are... Just the opposite. Someone who is wealthy could afford to carry a balance, it is folks who aren't who shouldn't be. I'm with Paul, I've never paid a cent of interest on a credit card in nearly 20 years now. People who carry credit card balances, for anything other than a real emergency, are suckers as he said. And people who are smart, will save up an emergency fund so that even emergencies don't require carrying a credit card balance. Maybe I am in the wrong newsgroup to be discussing this. I would imagine that most people in this newsgroup make damn good money and can afford to have a nice chunk of change in the bank. Unfortunately, I am not in that situation. Actually, it has little to do with how much you make, at least once above a truly subsistence income level, which varies by locale. Someone below this level, truly has no options, but running up credit cards doesn't help. They need to seek help from a charitable agency, etc. until they can restore sufficient income to live on. The real issue in 95% of situations, is that spending is simply out of line with income. I've taught financial management seminars in my church and studied this topic for about 20 years. Admittedly, their are people who simply don't have enough income to live on, but that is really a fairly small percentage of the population. In almost all cases, spending can be adjusted to live within one's means and even save money, however small amount that may be at first. Living on credit means you are paying money for interest that gives you no value in the long run. Over the course of your lifetime, you are even poorer for it. That is a simple fact. Luckily, we don't use credit cards other than Sears, so we don't worry much about interest on credit cards. Smart move. Matt |
#87
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Judah wrote:
Matt Whiting wrote in : Mike V. wrote: Snip ... The unknown downside is that this passive approach likely would have encouraged more 9/11 like attacks and the cost of them would have been horrendous. Matt Your presumption is that there will not be anymore 9/11 like attacks. Your presumption is wrong. My presumption is that there would be more attacks under an administration with Clinton-like policies than under one with Bush-like policies. Since the Twin Towers and Pentagon attacks were conceived, planned and partially executed (the flight training) under Clinton, I count a good portion of that against him as well. I never suggested that we'd be free of attacks. I don't think that is likely anytime soon. Matt |
#88
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David Lesher wrote:
Matt Whiting writes: Actually, there are lots of other valid reasons. One is that in many places you can't do things like rent a car without plastic. Many car rental places won't take cash. Years ago, Hertz wouldn't even allow a _2nd driver_ who didn't have one. They gave me all kinds of BS reason. Last time I rented from Hertz they required *2* credit cards! Lucky I had my Visa (debit) with me and they took it because my MasterCharge is the only credit card I have. -- Frank....H |
#89
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Dave Stadt wrote:
"Matt Whiting" wrote in message ... Jay Honeck wrote: If you have an MBNA credit card, look at your statements...if you like being screwed by the credit card company then ignore this thread and do nothing. You talk like MBNA owes you something. If you don't want to use their damned card -- don't. If MBNA charges you 20% interest -- and you're dumb enough to use their card -- who cares? It's not like there aren't 100 other credit card companies begging for your business, so either pay the bill off each month, or tell 'em to take a hike. We haven't paid a nickel of credit card interest since 1985 -- and that was to pay for our wedding. (And I've felt stupid about paying *that* ever since.) The ONLY valid reason to use a credit card is to consolidate all of your bills into one easily payable check each month. Actually, there are lots of other valid reasons. One is that in many places you can't do things like rent a car without plastic. Many car rental places won't take cash. Matt So you pay the bill off when you get it. Get it? Yes, as I said earlier, that is exactly what I do. My point was that there is more than ONE valid reason to have a credit card. For me, bill consolidation isn't even the most important reason. Matt |
#90
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"Matt Whiting" wrote in message
... PaulaJay1 wrote: In article , Matt Whiting writes: Quite frankly, this isn't worth the pain of dealing with two credit cards, paying two bills, etc. There is a very strong reason to have two credit cards. When on a trip, have your wife carry one and you carry the other. Then when one is misplaced (don't ask me how I came to this conclusiion) you can cancel that one and still have a good vacation. Chuck Yes, I agree wholeheartedly. I have a corporate AMEX card that I'm authorized to use for personal expenses in an emergency, so I have two cards already without Discover. That is simply fascinating. Thanks for sharing that in teresting tidbit of information with us. Most people would never think to have two or more cards. Brilliant idea! |
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