random thread - good day

[kathydwells]

Good choice.

Once done, you need to put that "extra" money away in savings or use it to pay down credit monthly to keep interest rates from eating up any more of your money....keeping in mind that it doesn't make much sense to keep money in a savings account @ 4.5% in interest when you're carrying debt and paying 18% to the credit company. Best of luck.

Good advice. Thank you!!!

 

[Teresa]

Good choice.

Once done, you need to put that "extra" money away in savings or use it to pay down credit monthly to keep interest rates from eating up any more of your money....keeping in mind that it doesn't make much sense to keep money in a savings account @ 4.5% in interest when you're carrying debt and paying 18% to the credit company. Best of luck.

sowal financial advisor:clap_1:

 

[kathydwells]

sowal financial advisor:clap_1:

I wonder if he needs a new client? I could use all the help I can get. ;-)

 

[Mango]

Good choice.

Once done, you need to put that "extra" money away in savings or use it to pay down credit monthly to keep interest rates from eating up any more of your money....keeping in mind that it doesn't make much sense to keep money in a savings account @ 4.5% in interest when you're carrying debt and paying 18% to the credit company. Best of luck.

It's good advice Shelly, but if it were let's say my SIL, she would be too tempted to spend the money, and still have the accumlulated debt at the end of the year. I rather see her take less in her paycheck and then p/o credit card at the end of year.

I give kudos to Audie for p/o the card, because some people would be tempted to take a vacation, or spend it differently.

 

[Rudyjohn]

ya'll are certainly mysterious wenchies! love ya anyway!

Love you too. :clap_1:

 

[SHELLY]

I give kudos to Audie for p/o the card, because some people would be tempted to take a vacation, or spend it differently.

I agree...but only as a temporary emergency measure. Long-term I think Audie will benefit if she explores the alternatives to letting Uncle Sam use her money for free (especially now while savings interest rates are high and credit card interest rates are going higher).

That type of "plan" for savings and spending just won't work long-term for today's young people who need to take active control of their finances for a secure retirement.


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[Rudyjohn]

I really don't know how Mr. JR does it but I swear he has it figured out to where we only have to pay a small handful, literally, of change each year. Sometimes we get a small handful of change back. I always wanted to get $$ back but he's pretty square and won't go that route. Boring, boring, boring. :roll:

 

[SHELLY]

It's good advice Shelly, but if it were let's say my SIL, she would be too tempted to spend the money, and still have the accumlulated debt at the end of the year. I rather see her take less in her paycheck and then p/o credit card at the end of year.

I bet your SIL's retirement plan includes hitting up her siblings for a loan or a pull-out sofa to crash on in her old age too.

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[SHELLY]

I really don't know how Mr. JR does it but I swear he has it figured out to where we only have to pay a small handful, literally, of change each year. Sometimes we get a small handful of change back. I always wanted to get $$ back but he's pretty square and won't go that route. Boring, boring, boring. :roll:

A properly set-up version of Money or Quicken will do the trick.

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[Rudyjohn]

A properly set-up version of Money or Quicken will do the trick.

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Hey, it IS Quicken! And here I thought he was a financial genious!!