How do YOU answer the credit card question?
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How do YOU answer the credit card question?
| 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,


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And if it is actually a significant savings, I would think you would be happy to share the amount you save.
If you are talking about this...
"How much money you are amaking on those 7 g's depends on several factors including: What is the interest rate? Over what period of time? How often is the interest calculated and paid during the period?"
I was not asking you to answer the questions I was telling you how much money you are earning depends on interest rate, period of time and how often...they were given as examples...
Not in that I save $5 each pay period so I can save for the fire fee I pay once a year, and $25 each pay period for Christmas, and $25 each pay period for vacation. My philosophy is to pay for things as they come up. I have a savings account set up for just this purpose. In months when we have more expenses, I might transfer some money from the savings account into checking. Most months, I transfer extra money into the savings account.
Again, it is a personal question but thanks anyway for trying to figure it out.
Spending money to me is "free" money and I don't care where it goes as it is for whatever I please. I don't take much so I pretty much know where it goes go but I wouldn't write it down to see what I could cut out because that is not money to try to cut down.
lol!! Ok. Do you honestly think I would say exactly where I put my money?
Again, I didn't give the exact amount for both my taxes and insurance or where it is saved.
And again, if you read my previous posts you would see that any interest I make is over the amount I have been asked each year to provide (last time was $700) the mortgage company for escrow.
I would rather have the money each week set aside than to keep taking it out of a savings account. By doing that, you are not making the interest you would by leaving the money in there.
I have a certain amount for each thing (I do budget for my electric and oil so I know exactly how much the bill is each month). My savings go into different accounts so that money stays there and makes money. It is not taken out to pay bills.
Like what?
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