The Poptart Cat-Out: Nyan Nyan Nyan Nyan Nyan Nyan Nyan

[Cosmic]

I'm pretty sensible with credit cards, I just use them as a convenient replacement for the physical cash I actually have. If I'm not going to have enough in the bank to pay something off 100% at the end of the month, I won't buy it until I do. Fuck getting into unnecessary debt at my age.

[Slacker Magician]

Not sure if it's the same in the States, but in Canada they recently (as in, beginning of last year) passed a law that stated that credit card companies had to provide their "interest free" zone in a progressive manner. So, for example, if I purchased something for $100, then two weeks later purchased something else for $100, then two weeks later (say, just before the deadline for the interest free) paid off $100 on my credit card, I would still have $100 owing, but the interest free zone on the second item is still in effect for however long the given length of time is.

... if that makes any sense.

It makes sense, I don't know if anything like that was passed in the US.

I'm pretty sensible with credit cards, I just use them as a convenient replacement for the physical cash I actually have. If I'm not going to have enough in the bank to pay something off 100% at the end of the month, I won't buy it until I do. Fuck getting into unnecessary debt at my age.

At any age .

[Tassadar]

Best OST of all time.

Truly.

So glad I had my headphones in for that.

[Drageuth]

I'm pretty sensible with credit cards, I just use them as a convenient replacement for the physical cash I actually have. If I'm not going to have enough in the bank to pay something off 100% at the end of the month, I won't buy it until I do. Fuck getting into unnecessary debt at my age.

At any age .

Some people can manage money really well, some can't. My parents manage money well, but they use their credit cards for everything to earn Air Miles so that they can travel places for cheap. As far as I'm aware, they pay off their cards every paycheque, or pay it off damn close to $0. One woman I knew (damn close to a decade ago) used to pay everything with her credit cards. She would pay for one thing with one credit card and earn Air Miles on it, then pay off that credit card with another credit card, and earn Air Miles on it, then completely pay off the second card every month. I think by the time she was done she had enough Air Miles to travel around the world five times or something... at least, according to what she told me and my parents, when her and my mom were talking about it. I'm sure there was a certain amount of boasting there.

[Tassadar]

One bank here I think it was AIB were going to write off bad-debts for people who were in Mortgage arrears. I read this on a forum thread and there was so much hate in that thread

[Slacker Magician]

Some people can manage money really well, some can't. My parents manage money well, but they use their credit cards for everything to earn Air Miles so that they can travel places for cheap. As far as I'm aware, they pay off their cards every paycheque, or pay it off damn close to $0. One woman I knew (damn close to a decade ago) used to pay everything with her credit cards. She would pay for one thing with one credit card and earn Air Miles on it, then pay off that credit card with another credit card, and earn Air Miles on it, then completely pay off the second card every month. I think by the time she was done she had enough Air Miles to travel around the world five times or something... at least, according to what she told me and my parents, when her and my mom were talking about it. I'm sure there was a certain amount of boasting there.

Probably .

[Drageuth]

One bank here I think it was AIB were going to write off bad-debts for people who were in Mortgage arrears. I read this on a forum thread and there was so much hate in that thread

I'm glad Canada never got hit with the recession as bad as some places did. Shit was tight for a while, but never as bad as it was in the States.

[Drageuth]

Probably .

She was my 6th grade teacher, and a pretty sharp lady. I think the only actual "boasting" would have been how many Air Miles she actually had, but I knew she was saving them all to travel when she retired, and she'd been saving Air Miles basically since its inception. This was back in... 1998, 1999. She retired in 2001.

[Drageuth]

Hmm... I wonder if Starbucks is open.

... nah, fuck it. I don't get paid enough to drink Starbucks.

[Slacker Magician]

I'm glad Canada never got hit with the recession as bad as some places did. Shit was tight for a while, but never as bad as it was in the States.

All it caused for me was a lack of available jobs .

[Inferno.]

I'd take out a loan if I needed say £500 to buy a car or something, but only if I knew I'd be able to pay back at least £100 a month, so I wouldn't be paying back like £3000. Lol interest. So many people in my family are in so much debt from stupid loans for things they didn't need.

[Drageuth]

All it caused for me was a lack of available jobs .

Pretty much the same, here. And a cut back in hours. But at least I didn't lose my job. Or the store that I work at.

[Drageuth]

I'd take out a loan if I needed say £500 to buy a car or something, but only if I knew I'd be able to pay back at least £100 a month, so I wouldn't be paying back like £3000. Lol interest. So many people in my family are in so much debt from stupid loans for things they didn't need.

This. I would never take out a loan to buy a couch, or a TV, or a computer or something like that. I would take one out for a car, though, because that's a large amount of money to just "save." And while I would have to pay a bit in interest, it's worth it to have a good vehicle that can save you a good amount of money in gas and maintenance fees over an older piece of shit.

I'm actually contemplating getting a newer car sometime early next year, provided I can find a second job/get full time at my store/have some form of decent, steady income. If the Canucks lose tonight, I'm canceling my cable to save myself $40 a month. Or however much it is...

[Inferno.]

In the future I would really like to get an old classic car and fully restore it myself. Although I know I wouldn't be able to do it'd be a fantastic project...

[Slacker Magician]

I'd take out a loan if I needed say £500 to buy a car or something, but only if I knew I'd be able to pay back at least £100 a month, so I wouldn't be paying back like £3000. Lol interest. So many people in my family are in so much debt from stupid loans for things they didn't need.

People that lease cars amaze me. They get a new vehicle for $14,000+, don't pay it off, trade it in and lease another new vehicle that they won't ever end up owning.