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So that whole writing down your debts and paying off the lowest one at a time thing works right?

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Old 10-26-2012, 02:49 PM   #1 (permalink)
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So that whole writing down your debts and paying off the lowest one at a time thing works right?
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Old 10-26-2012, 02:51 PM   #2 (permalink)
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So that whole writing down your debts and paying off the lowest one at a time thing works right?
Yes -- also figuring out how much money comes in each day, week, month, etc., and then spending less than that amount in the same time periods helps quite a bit also.

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Old 10-26-2012, 03:16 PM   #3 (permalink)
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Old 10-26-2012, 03:16 PM   #4 (permalink)
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So that whole writing down your debts and paying off the lowest one at a time thing works right?
Yes-i think somebody also mentioned highest apr too....that is also part of it....dave ramsey....check out his web page.
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Old 10-26-2012, 02:57 PM   #5 (permalink)
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Yes -- also figuring out how much money comes in each day, week, month, etc., and then spending less than that amount in the same time periods helps quite a bit also.

You are welcome. I am onzedge and I am here to help (and deliver reps).


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Old 10-26-2012, 03:03 PM   #6 (permalink)
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Originally Posted by onzedge View Post
Yes -- also figuring out how much money comes in each day, week, month, etc., and then spending less than that amount in the same time periods helps quite a bit also.

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So it's time for a joint bank account huh?
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Old 10-26-2012, 03:09 PM   #7 (permalink)
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So it's time for a joint bank account huh?
It's time to use cash and bury those plastics....
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Old 10-26-2012, 03:12 PM   #8 (permalink)
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It's time to use cash and bury those plastics....
Unlesssss-you can pay it totally off every month....but again that means self control and knowing your budget!
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Old 10-26-2012, 03:25 PM   #9 (permalink)
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Unlesssss-you can pay it totally off every month....but again that means self control and knowing your budget!
I was at this point a few months ago and then my world came crashing down.
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Old 10-26-2012, 03:26 PM   #10 (permalink)
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Unlesssss-you can pay it totally off every month....but again that means self control and knowing your budget!
Budget, then Save, then Invest, then Spend...

It is... very hard to do, depends on the amount, but it is possible...
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Old 10-26-2012, 03:52 PM   #11 (permalink)
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Unlesssss-you can pay it totally off every month....but again that means self control and knowing your budget!
One of my co-workers has a CC with a cash back program that he perceives to be favorable...he charges all of his monthly expenses...then pays the entire balance in full each month...he says he uses to the cash back rewards to pay for his gas and going out to lunch habit.

He's a CPA-CFA like me and probably has good discipline and a borderline obsessiveness about his monthly personal P&L though...it's the only way to make a plan like that work.
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Old 10-26-2012, 05:44 PM   #12 (permalink)
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It's time to use cash and bury those plastics....


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Originally Posted by blackcherry20 View Post
Unlesssss-you can pay it totally off every month....but again that means self control and knowing your budget!
some people can't do it because their self worth is based on the property they own.. I know a few airmen like that.. and it's rough because you can't **** up financially in the military
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Old 10-26-2012, 03:45 PM   #13 (permalink)
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over 2 flipp'n hours left...
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Old 10-26-2012, 03:49 PM   #14 (permalink)
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over 2 flipp'n hours left...
Ugh.
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Old 10-26-2012, 03:57 PM   #15 (permalink)
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I'm out of work!!!
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