How do YOU answer the credit card question?

Avatar for cmpat
iVillage Member
Registered: 02-21-2003
How do YOU answer the credit card question?
1432
Fri, 11-05-2010 - 3:30pm

Why can’t you just use your credit card?



Cash can be seen and touched and kids get that, usually at an early age,

Photobucket

Pages

Avatar for savcal2011
iVillage Member
Registered: 10-06-2010
Wed, 11-10-2010 - 9:11pm
Oh, I don't have to "save" to pay my mortgage ... or put money aside. I just pay it.

"I don’t mind a banshee, that’s fine. 2 banshees? I HATE you. I actually wish bad things upon you." -- Day[9] Daily #459 P1

iVillage Member
Registered: 10-01-2010
Wed, 11-10-2010 - 9:12pm

it's a good thing you don't have one

Yep, she is 100% right with this one. I don't need to give my mortgage company hundreds of dollars every month to have a "cushion" for me.

iVillage Member
Registered: 10-01-2010
Wed, 11-10-2010 - 9:16pm

lol! What I mean by "Putting money aside" is having the money in your budget and in the checking account for the bill to be paid each month.

iVillage Member
Registered: 10-22-2009
Wed, 11-10-2010 - 9:22pm
Yes i know she is 100% right.
iVillage Member
Registered: 02-04-2009
Wed, 11-10-2010 - 11:08pm

************

Kitty

"If you can't annoy somebody with what you write, I think there's little point in writing."-- Kingsley Amis, British novelist, 1971 t .

Avatar for rollmops2009
iVillage Member
Registered: 02-24-2009
Thu, 11-11-2010 - 2:24am

iVillage Member
Registered: 01-15-2006
Thu, 11-11-2010 - 6:17am
actually, the theory is the same.

 

iVillage Member
Registered: 01-15-2006
Thu, 11-11-2010 - 6:28am

exactly..where did you find this link, anyway?

and there are no "tricks" up a lender's sleeve, the idea that my interest rate is better and we found this LENDER

 

iVillage Member
Registered: 12-07-2003
Thu, 11-11-2010 - 6:33am
That's how our escrow account works. There's never really so much money in the account at any given time that I feel like I'm losing out on interest payments. That could be because the mortgage company is really good at estimating our tax and insurance costs. Or maybe because our insurance and taxes are fairly low. Our mortgage has stayed exactly the same in the two and a half years we've owned our house. The amount we pay into escrow went up about $18/mo the first year and just a few cents/mo this year. From the statement we get each fall, it looks like, by law, the escrow company can't keep more than a certain amount in there. If we were paying too much, we'd get a check back in the fall.
iVillage Member
Registered: 08-22-2009
Thu, 11-11-2010 - 6:33am

Pages