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Forum ยป Avg US home has 16k in CC debt
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Thread: Avg US home has 16k in CC debt

post 1475222161 12-15-2016, 01:06 PM
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#61
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People just are lazy kunts. Most people can't even wait for their permade meal to microwave all the way much less work and save money for the things they want. Oh you want a 60 inch 4k ultra HD tv? Well then save $100 ever pay check and you'll have it 5 months. Nope gotta have it now so they just throw it on the credit card and before you know it they're have a bad habit.

One thing I'm so grateful my parents taught me was that if you want something nice you have to work for it. The nicer something is that you want the more work you have to put in.

Only debt is mortgage crew. Use CC for the rewards and pay off the balance every month crew.
hard to hate on a fellow wings fan but....


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post 1475222641 12-15-2016, 01:10 PM
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Originally Posted By faxanadu⏩
Merchant fees and inflation are the basics.

Yes, sometimes businesses will give you a discount for paying with cash. I bought a $700 bicycle once and they gave me 10% off for using cash instead of credit (i had to ask).

Any smart business passes on the CC costs to the consumer by building it into their prices.
Your statements are based on the assumption that most businesses will just magically reduce their prices if you wave a bunch of paper in their faces. Maybe for buying bikes at mom and pop establishments, but for the vast majority of major retailers, they're going to laugh in your face. Oh and good luck Western Unioning cash to a merchant when you buy online. LMAO, GTFO.
There is simply no other exercise, and certainly no machine, that produces the level of central nervous system activity, improved balance and coordination, skeletal loading and bone density, muscular stimulation and growth, connective tissue stress and strength, psychological demand and toughness, and overall systemic conditioning as the correctly performed full squat.
-Mark Rippetoe
post 1475223031 12-15-2016, 01:13 PM
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Originally Posted By SasquatchHunter⏩
You will want to change that. If you want to buy a home or a car. Unless if you have a cool million in cash under your bed. Having some debt is good. For the sake of your credit. SRS
You don't need debt to get either a house or a car. You 'credit' people amaze me.
post 1475223351 12-15-2016, 01:15 PM
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Originally Posted By backinbusiness⏩
Gotta love the 18 year old kids coming in here wondering how irresponsible you have to be.

Most of the time it's not from material purchases, but from a lack of emergency funds and then extraordinary expenses.

When you all grow up and have an unexpected $5k AC unit go out combined with needing a car repair etc...

When you have no obligations to speak of it's hard to see outside your own world. Not making excuses I'm just saying it's mostly not what you think it is.

And also I was that 18yr kid saying htf do you do that. As you get old expenses are a lot higher than you expect unless your fine living in your parents basement with no assets your whole life.

I was there once before I sold my first house and paid it all off. Stuff creeps up on you and life happens once large expenses happen especially if you lose your job and eat all your reserves up.
30+ no debt crew with lots of responsibilities.
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post 1475223501 12-15-2016, 01:16 PM
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Originally Posted By DrFlexologist⏩
You don't need debt to get either a house or a car. You 'credit' people amaze me.
'Yeah the majority do need to go into debt to afford a house. Median house price in Chicago is 400,000. You have 400,000 in liquid cash bro?
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post 1475223511 12-15-2016, 01:16 PM
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Originally Posted By 0p3rator⏩
Your statements are based on the assumption that most businesses will just magically reduce their prices if you wave a bunch of paper in their faces. Maybe for buying bikes at mom and pop establishments, but for the vast majority of major retailers, they're going to laugh in your face. Oh and good luck Western Unioning cash to a merchant when you buy online. LMAO, GTFO.
What assumption?

It is a fact that merchants build CC fees into their prices.
It is a fact that the CC company makes a higher percentage than the rewards they are offering you per transaction.

Unless you're manufacture spending ... you are not winning. Doesn't matter if businesses reduce prices or not. You're a cog in a system designed to screw you.

EDIT:

You seem to be gloating about how your not getting screwed "as bad" as the other guys because you pay your CC off and get 1.5% back or something. That's like two guys being forced to eat chit and one of them gloating that his serving is solid and not diarrhea like the other guys.
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post 1475223671 12-15-2016, 01:17 PM
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people dont pay it off every month?????
Pilot
post 1475224261 12-15-2016, 01:21 PM
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Originally Posted By faxanadu⏩
What assumption?

It is a fact that merchants build CC fees into their prices.
It is a fact that the CC company makes a higher percentage than the rewards they are offering you per transaction.

Unless you're manufacture spending ... you are not winning.
Yes, I think we all get that. You're not telling anyone anything new.

I was referring to the assumption that by merely asking for a reduced cash price, you're going to get it. fact of the matter is, you're going to end up paying the merchant fees anyways, so it's better to take the rewards in whatever way you can. Go get gas, groceries, clothes at the department store, whatever. They're not going to reduce their prices because you ask. For the day to day, it's unavoidable.
There is simply no other exercise, and certainly no machine, that produces the level of central nervous system activity, improved balance and coordination, skeletal loading and bone density, muscular stimulation and growth, connective tissue stress and strength, psychological demand and toughness, and overall systemic conditioning as the correctly performed full squat.
-Mark Rippetoe
post 1475224411 12-15-2016, 01:23 PM
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Originally Posted By 0p3rator⏩
Yes, I think we all get that. You're not telling anyone anything new.

I was referring to the assumption that by merely asking for a reduced cash price, you're going to get it. fact of the matter is, you're going to end up paying the merchant fees anyways, so it's better to take the rewards in whatever way you can. Go get gas, groceries, clothes at the department store, whatever. They're not going to reduce their prices because you ask. For the day to day, it's unavoidable.
Even if that price is built in, whether you pay card or cash the total is going to be the same, so that means this dumba$$ is still losing on his 2.5% by paying cash, unless hes tryign to buy everything he ever needs from the mom & pop shop down the block lololol.

Just about the only place that matters is maybe if you are at a gas station that has separate cash and credit prices.
Living a happy life
post 1475225331 12-15-2016, 01:30 PM
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Originally Posted By 0p3rator⏩
Yes, I think we all get that. You're not telling anyone anything new.

I was referring to the assumption that by merely asking for a reduced cash price, you're going to get it. fact of the matter is, you're going to end up paying the merchant fees anyways, so it's better to take the rewards in whatever way you can. Go get gas, groceries, clothes at the department store, whatever. They're not going to reduce their prices because you ask. For the day to day, it's unavoidable.
No, most people don't get that.

So you're essentially saying that in a free society you're okay with taking a beating so long as its not as bad as the next guy.
"There's a fine line between salvation and drinking poison in the jungle." -Gym Jones
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post 1475225341 12-15-2016, 01:30 PM
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ITT Dave Ramsey circle jerk.

srs though fuk CC debt. I've got about 5k, being honest. Fortunately it's 0% and I'll pay it off before it accrues interest. Getting married is expensive boyos.
post 1475225951 12-15-2016, 01:35 PM
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Originally Posted By jwlee7ucla⏩
Even if that price is built in, whether you pay card or cash the total is going to be the same, so that means this dumba$$ is still losing on his 2.5% by paying cash, unless hes tryign to buy everything he ever needs from the mom & pop shop down the block lololol.

Just about the only place that matters is maybe if you are at a gas station that has separate cash and credit prices.
So you're a willing participant and part of the problem ... and you call me a dumbass. Strong logic.

That shortsightedness also shows in the fact that you don't have a clue how to negate the costs.
"There's a fine line between salvation and drinking poison in the jungle." -Gym Jones
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post 1475227121 12-15-2016, 01:46 PM
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Originally Posted By faxanadu⏩
So you're a willing participant and part of the problem ... and you call me a dumbass. Strong logic.

That shortsightedness also shows in the fact that you don't have a clue how to negate the costs.
So aside from negotiating reduced cash prices for everything, what do you expect us to do about it?
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post 1475228981 12-15-2016, 02:00 PM
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Originally Posted By faxanadu⏩
So you're a willing participant and part of the problem ... and you call me a dumbass. Strong logic.

That shortsightedness also shows in the fact that you don't have a clue how to negate the costs.
I don't know about your ******* chit, but I am gonna at least take advantage in this situation, like you know getting 1.5% cash back with a hidden cost(at least according to you, there's a cost) that I have no control over with. You are not a saint, stop pretending to be one. Most big corporations take advantage of you everyday, are you gonna not buy from them at all? Go live in a jungle and farm your own chit.
post 1475229761 12-15-2016, 02:07 PM
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Originally Posted By faxanadu⏩
So you're a willing participant and part of the problem ... and you call me a dumbass. Strong logic.

That shortsightedness also shows in the fact that you don't have a clue how to negate the costs.
what part of dumb@ss dont you understand? There are many subjective views on credit or debit, but yours is objectively incorrect. So it fits.
Living a happy life
post 1475229921 12-15-2016, 02:09 PM
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The guy wants a few dozens miscers to pay cash for everything because that will somehow impact how businesses globally operate and will decide to reduce their prices as a result. Let me know how that goes for you, til then I'll use my CC.


I don't know how you guys are running up 8k a month in credit card debt and paying it off. What could you possibly be buying each month at that rate to hit that high consecutively and consistently? Even if all bills are paid (mortgage, utilities, vehicle, food, gas) through your CC that's still like 3-4k total at a decent level of living. Must be making serious bank (200k+) to spend that much, not save, and just keep rolling like no big deal.
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post 1475230131 12-15-2016, 02:10 PM
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Originally Posted By faxanadu⏩
So you're a willing participant and part of the problem ... and you call me a dumbass. Strong logic.

That shortsightedness also shows in the fact that you don't have a clue how to negate the costs.
why don't you clue us all in on your ways....

I imagine it goes like this:

Mr. Faxanadu: I want to buy these groceries.

Store: That'll be $99.29, sir.

Mr Faxanadu: How much for the cash price??

There is simply no other exercise, and certainly no machine, that produces the level of central nervous system activity, improved balance and coordination, skeletal loading and bone density, muscular stimulation and growth, connective tissue stress and strength, psychological demand and toughness, and overall systemic conditioning as the correctly performed full squat.
-Mark Rippetoe
post 1475230331 12-15-2016, 02:11 PM
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Originally Posted By JoshSP1985⏩
No it doesn't it's literally CC debt only.



ho le fuk
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post 1475230441 12-15-2016, 02:12 PM
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Originally Posted By miscHelix⏩



ho le fuk
CC debt just recently passed Student loan debt as a total of US debt... Yeah you read that right.
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post 1475230981 12-15-2016, 02:17 PM
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Originally Posted By JoshSP1985⏩
CC debt just recently passed Student loan debt as a total of US debt... Yeah you read that right.
And people think a huge recession isn't on the horizon
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post 1475231541 12-15-2016, 02:21 PM
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Originally Posted By HeroesFall⏩
The guy wants a few dozens miscers to pay cash for everything because that will somehow impact how businesses globally operate and will decide to reduce their prices as a result. Let me know how that goes for you, til then I'll use my CC.


I don't know how you guys are running up 8k a month in credit card debt and paying it off. What could you possibly be buying each month at that rate to hit that high consecutively and consistently? Even if all bills are paid (mortgage, utilities, vehicle, food, gas) through your CC that's still like 3-4k total at a decent level of living. Must be making serious bank (200k+) to spend that much, not save, and just keep rolling like no big deal.
high cost of living, vacations, trips, local events, toys, food,etc. It would be hard to spend that much by yourself, but as you get older and responsibilities just go up your everything else goes up too.
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post 1475232021 12-15-2016, 02:25 PM
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I never pay interest but my cc bill is about 2k a month.

Some people live off credit cards and just keep transferring debt...it's crazy.
OVO
post 1475233081 12-15-2016, 02:35 PM
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I believe there is something to be said about living responsibly and within your means. But this is just further evidence that debt based economy is designed to be the way it is and keep the average American enslaved for life.
#
post 1475239681 12-15-2016, 03:34 PM
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Originally Posted By RhinoBody⏩
There has got to be a better way to monetize these websites other than a million ads, banners and videos set to ********. Crashes my internet and makes me rage.

auto play is fuking censored if one word. Mind blown.
but who was uBlock Origin?
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post 1475240291 12-15-2016, 03:41 PM
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how do you brahs get so much CC limits? I only have a few grand limit and my FICO is high and I have a mortgage.
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post 1475240351 12-15-2016, 03:41 PM
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post 1475240731 12-15-2016, 03:45 PM
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Originally Posted By swoleyo⏩
'Yeah the majority do need to go into debt to afford a house. Median house price in Chicago is 400,000. You have 400,000 in liquid cash bro?
I think you misunderstood my point but I don't really feel like explaining it to you.
post 1475240771 12-15-2016, 03:46 PM
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I'm actually carrying a few grand in cc debt right now. Ex fuked me over in our apartment and stole a couple grand in rent money.

But it's on 0% for the next 10 months and I'll have it paid off well before then.

If you're carrying more than a grand with interest... i don't even...
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post 1475241701 12-15-2016, 03:55 PM
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I used to be one of those. When I ran outta money (no job) just lived off CC. Big mistake. Took forever to get out of it.

No CC debt now. Only use to buy chit online and immediately transfer from one acct to the ViSA.

A friend who makes good money will spend most of 2017 paying down his card. Its nuts.
post 1475242721 12-15-2016, 04:04 PM
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Originally Posted By cadetduke⏩
You're a fcking maroon.

Says to live within means....

So my HVAC takes a chit, I should have 10-15K saved up.
Car needs routine maintenance, I should have 4-500 saved up.
Kids needs this, kid needs that, I should have...how much saved up?
Water pipe bursts, how much do I need to fix that chit?

How much is supposed to be saved up before one can live within means?
This is why you should have 6months worth of salary as savings
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