I always paid cash or debit, the really bad part for me was the impact on my belly... Long gone now.
|
|
|
Your Age?
- Thread starter Wingboy
- Start date
A smart friend says pay cash for what you want and borrow for what you need.
FWIW I pretty much brown bagged it and brewed my own coffee each morning for most of my career. I'm under 60, retired comfortably (for a guy whose ok with home brewed coffee) and debt free.
That last part bothers me some. Money at 2% locked in for 10 years. I want a piece of that.
FWIW I pretty much brown bagged it and brewed my own coffee each morning for most of my career. I'm under 60, retired comfortably (for a guy whose ok with home brewed coffee) and debt free.
That last part bothers me some. Money at 2% locked in for 10 years. I want a piece of that.
Life is too short to cheap out on booze, coffee, or poo tickets.
All this talk about money makes me think again about how we should be teaching personal finance in high school ... every year.
Credit Cards, APR loans, insurance... a lot of stuff you don't really find out until you might already be in too deep.
Hell, my first 'personal finance' class was getting a credit card in unversity - I held $1000s debt every year until tax time where I can use my tax return to pay off my credit card. It was perpetually uncomfortable.
Credit Cards, APR loans, insurance... a lot of stuff you don't really find out until you might already be in too deep.
Hell, my first 'personal finance' class was getting a credit card in unversity - I held $1000s debt every year until tax time where I can use my tax return to pay off my credit card. It was perpetually uncomfortable.
Same. I primarily use a grocery card, and I am have gotten more value out than I put in via interest.
(Whoring out my personal data notwithstanding)
Last edited:
My 1st credit card was an American Express in '73. No "payments" were allowed. When the bill came, the FULL amount was due.
I learned early that interest was bad.
I don't have an AmEx any more, but I've treated every visa etc the same for nearly 50yrs. I've never paid a penny in interest (except cash advances).
Now with online shopping / banking, I pay my visa off in less than a minute.
Interest bad.
I learned early that interest was bad.
I don't have an AmEx any more, but I've treated every visa etc the same for nearly 50yrs. I've never paid a penny in interest (except cash advances).
Now with online shopping / banking, I pay my visa off in less than a minute.
Interest bad.
Funnily enough, credit card companies have a term that they use for people who always pay their credit card bill in full every month, thus incurring no interest. They call them "Deadbeats". No lie.
Guess I’m a deadbeat now.....ah well. I prefer not to pay interest if I don’t need to.Funnily enough, credit card companies have a term that they use for people who always pay their credit card bill in full every month, thus incurring no interest. They call them "Deadbeats". No lie.
For the youngens here....is there a new trend / movement where people put in ‘he/him’ or ‘she/her’ behind their name on correspondence? I’ve noticed an uptick in my emails recently and not sure what that’s about. I presume something to do in support of trans communities?
Not necessarily trans, just self-identity. Some people are not too concerned if you pick the wrong descriptor, others completely lose their crap. I find it is helpful sometimes, especially with names from other cultures or names that are commonly used by multiple genders.
-Maverick-
Well-known member
People kind, didn’t you listen to our Great Leader?
Forgot all about peoplekind!
An old GF of mine is a Trudite. Lives in Winnipeg. Whenever she calls I always ask her if Justin(e) has changed the name of her province to Persontoba yet.
Mad Mike
Well-known member
Maybe something to think about if you’re a mom or dad?
I’m amazed at how little effort many parents put into teaching their kids about personal financial management.
That is a great point, but with a lot of parents still having no idea how things work, the only thing they can pass along is ignorance. It is truly amazing how some people get through life with so little understanding. The stereotypical example was someone on the line at a big auto manufacturer. If you have $100 left at the end of the month, that means you have $100 a month to pay the note on a new toy. The long-term game is taken care of by your employer. I think things have changed some, but when I was a kid, talking with some of the GM workers was eye-opening.
Mad Mike
Well-known member
Nobody ever asks me about my pronoun. Nobody would ask themselves about my pronoun.
So it’s not on my business cards or email signatures. I like it that way
My kids are too small. I did give my brother a quick lesson in compound interest. Before my kids are done kindergarten their RESP will be likely be low six figures. His kids RESP is currently at zero but he has a nice boat.
I’ve read it but as @GreyGhost my kids are too small.
4 year old has about 12k in his account already and the baby has zero. But I’ll make that adjustment in the coming weeks.
EDIT: @GreyGhost what in the eff did you invest in to have 6 figure RESP within 4 years? I put in the $2500 so get the max from the govt.
Last edited:
|
|
|
|
|