tag:blogger.com,1999:blog-1170116880352300881.post2037783096145180054..comments2023-08-12T08:02:18.118-07:00Comments on La Buena Vida: Money MattersMeredithhttp://www.blogger.com/profile/08257863829848728846noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-1170116880352300881.post-38909420834430305712009-05-06T08:08:00.000-07:002009-05-06T08:08:00.000-07:00I have some from my irresponsible college days tha...I have some from my irresponsible college days that we're working to pay off. It doesn't help that we used them to buy a lot of stuff when we first moved into our house either, but we're working on it. I have one with a very low rate and a high credit line, that I've transferred other balances on to. It helps in paying them off quicker. <br /><br />We don't do the buy stuff and then pay it off at the end of the month as none of them are rewards cards and I don't want to apply for any others. Although John does have 2 low limit big box retailer cards (We're rebuilding his credit) that if we use we pay off each month.<br /><br />We actually leave all credit cards locked up at home so that we don't use them. We have to really want something enough to think it through and make a return trip to buy it.Faithhttps://www.blogger.com/profile/18257164536346000541noreply@blogger.comtag:blogger.com,1999:blog-1170116880352300881.post-10216274510762757202009-05-06T06:21:00.000-07:002009-05-06T06:21:00.000-07:00Myrunningjourney- Thanks! That does sound a lot m...Myrunningjourney- Thanks! That does sound a lot more difficult than swiping a card! ugg I don't know if I could do it. I actually never ever carry cash with me.... It's smart at times and not so smart at other times! Thanks again! :-)Kaylahttps://www.blogger.com/profile/02854536519219675346noreply@blogger.comtag:blogger.com,1999:blog-1170116880352300881.post-7210316199363085022009-05-05T23:24:00.000-07:002009-05-05T23:24:00.000-07:00I don't want to talk about it.I don't want to talk about it.Lisahttps://www.blogger.com/profile/11749102486551585185noreply@blogger.comtag:blogger.com,1999:blog-1170116880352300881.post-81891769129896356722009-05-05T13:39:00.000-07:002009-05-05T13:39:00.000-07:00I'm planning to stay the hell away from credit car...I'm planning to stay the hell away from credit cards till after I get done with grad school and have a real job like a real person (so right around my 30th birthday), but alledgedly the best thing to do to make your credit score all nice and shiny is carry a small balance month to month, so that you constantly have a little bit of debt on the card. For some reason, this makes the credit gods happy. It's what they said to do on NPR, anyway. So that's how I plan to roll.Baloohttps://www.blogger.com/profile/15283328719713141490noreply@blogger.comtag:blogger.com,1999:blog-1170116880352300881.post-36902119981340410072009-05-05T09:53:00.000-07:002009-05-05T09:53:00.000-07:00We have 3. One is for home depot. We pay them of...We have 3. One is for home depot. We pay them off every month and we love getting rewards!Laceyhttps://www.blogger.com/profile/01471927672987773593noreply@blogger.comtag:blogger.com,1999:blog-1170116880352300881.post-80528237652112787182009-05-05T08:33:00.000-07:002009-05-05T08:33:00.000-07:00The Cranes - Taryn's envelope system may be differ...The Cranes - Taryn's envelope system may be different, but my husband and I follow one too. It's a cash budget, and you allocate certain amounts of cash for different categories (groceries, gas, entertainment, restaurants, etc.. anything you spend money on), and operate on cash instead of debit/credit cards. It is not for everyone, but it has definitely helped my husband and I cut down on our spending, because it's a lot harder to part with cash than it is to swipe a card.MyRunningJourneyhttps://www.blogger.com/profile/13382948960027172334noreply@blogger.comtag:blogger.com,1999:blog-1170116880352300881.post-77134150624065763452009-05-05T08:31:00.000-07:002009-05-05T08:31:00.000-07:00My husband and I have 1 credit card. We used to ha...My husband and I have 1 credit card. We used to have 2, but paid 1 off and closed it. The other one had a really high balance, and we've been working to pay it off for about 8 months, and it will be paid off this month! Then we will work on paying off student loans, and hopefully be out of debt by the end of the year. We only use the credit card for big purchases/hotel reservations/etc... things that may need to be disputed at some point. We always have the cash to immediately pay it back though. We are on a "cash budget" (the envelope system) and it has worked very well for us. We follow the "Dave Ramsey" plan.MyRunningJourneyhttps://www.blogger.com/profile/13382948960027172334noreply@blogger.comtag:blogger.com,1999:blog-1170116880352300881.post-35747566476486890402009-05-05T08:07:00.000-07:002009-05-05T08:07:00.000-07:00We have two main credit cards, one to be used onli...We have two main credit cards, one to be used online and one to be used elsewhere... We had our credit card # stolen online and the current place we have it through took care of everything without any hassle on our end. So, we're keeping that one especially for online purchases... <br /><br />We only use credit cards for non-consumable items. I guess it was something that my mom taught me when I got my first credit card. That way when you go to pay it off, you're not paying for things that are already gone... Examples: food, gas, grocery's, etc... I hate paying for things at the end of the month that are already gone. We tend to use our cc's for clothes, furniture, household items, etc... Likewise, we pay them off at the end of the month as well.<br /><br />Taryn, what is the envelope system? or am I completely out of the loop? hahaKaylahttps://www.blogger.com/profile/02854536519219675346noreply@blogger.comtag:blogger.com,1999:blog-1170116880352300881.post-74238203480848842562009-05-05T07:10:00.000-07:002009-05-05T07:10:00.000-07:00We have credit cards - no matter how we use them w...We have credit cards - no matter how we use them we pay the balance monthly. But, we've been steering clear of them for everything but set expenses since January and saving over $1000 a month. Apparently my target trips and his extra grocery spending added up, lol.Emilyhttps://www.blogger.com/profile/04793480432068543767noreply@blogger.comtag:blogger.com,1999:blog-1170116880352300881.post-87039685797102499862009-05-05T06:47:00.000-07:002009-05-05T06:47:00.000-07:00When we moved in together 5 years ago, we had some...When we moved in together 5 years ago, we had some massive CC debt...mostly DH's. We each had 2 credit cards. This past November, we paid off the last of it. We paid off $17k in one year!! We were paying $1500/month just to pay it off. Craziness.<br /><br />Like 6 months ago I got a letter from one of the accounts that they were closing it due to inactivity...fine by me since I had only opened it for a 0% transfer. DH just got a letter the other day that they were lowering his credit limit due to inactivity. Which is totally fine because it was something crazy like $36k and now it's down to $17k.<br /><br />Now the only CC we use is our Costco American Express and we pay it off every month. We use it for gas, restaurants and Costco purchases. I never want to have CC debt like that ever again!!Lori Zhttps://www.blogger.com/profile/03488125744836801125noreply@blogger.comtag:blogger.com,1999:blog-1170116880352300881.post-70753500227985654022009-05-05T05:32:00.000-07:002009-05-05T05:32:00.000-07:00We have like 4 or so credit cards between the two ...We have like 4 or so credit cards between the two of us. They are all rewards-based: our go-to is a Citi card that gives us cash back. We get $50 for free buying things that we would buy anyway- groceries, etc. We end up with the cash back 3 or 4 times a year! It definitely adds up. We also have a gas credit card & get cash back from that too!<br /><br />We fully pay off all of the cards every month and haven't ever carried over debt. Between my car and student loans, we definitely have enough without the credit cards adding to it! <br /><br />We are hoping to create good credit for ourselves with the cards, which is the reason that we have multiples in the first place.Samanthahttps://www.blogger.com/profile/00796524100843094259noreply@blogger.comtag:blogger.com,1999:blog-1170116880352300881.post-50349368969770740772009-05-04T21:55:00.000-07:002009-05-04T21:55:00.000-07:00We actually have a ton of credit cards- but we pay...We actually have a ton of credit cards- but we pay off the balance every month. Gotta get the rewards! = ) <br /><br />(I have been thinking about the envelope system- but I don't know.)Tarynhttps://www.blogger.com/profile/18142105931652314859noreply@blogger.com