Official post whore thread!!!

[djthumper]

 

[dmanns67]

 

[CaptainKD]

 

[dmanns67]

 

[CaptainKD]

 

[dmanns67]

 

[CaptainKD]

 

[dmanns67]

 

[CaptainKD]

Congrats on paying off your truck!!!!

 

[dmanns67]

Congrats on paying off your truck!!!!

Thanks man! Paid it off 14 days ago. I figured it was worth a F#$K Yeah

 

[Playsinsnow]

Thanks man! Paid it off 14 days ago. I figured it was worth a F#$K Yeah

Gotta love no payments. I still save my monthly payment and plan on purchasing a fun car next spring. Why I need to hit a home run on the house, I mean garage, that we obtain.

- - - Updated - - -

 

[Playsinsnow]

 

[dmanns67]

Gotta love no payments. I still save my monthly payment and plan on purchasing a fun car next spring. Why I need to hit a home run on the house, I mean garage, that we obtain.

- - - Updated - - -

After I paid off a bill, I would take that same amount and transfer it to savings each month. After a couple financial classes on managing debt, my mind has changed.

Now after I pay off a bill, I will take that monthly payment and add it to another bill until that bill is paid off. Then just repeat the cycle each time a bill has been paid off. The good thing is that the same amount of money comes out of the account each month, but I am able to pay five to six times the minimum payment on bills to pay them off faster.

That is a dilemma I have always had with bills versus savings account. Do I build up my savings or pay more on my bills, which inturn, will free up more money for savings. Luckily, my wife and I are in a good spot financially, so we have been able to do both.

So far the concept has been working well. I have paid off two credit cards (Wife's of course), my TB, and my military career starter loan within the last six months. Hopefully by this time next year the only bill I will have is the wife's student loans.

 

[Darkrider_LS]

Gotta love no payments. I still save my monthly payment and plan on purchasing a fun car next spring. Why I need to hit a home run on the house, I mean garage, that we obtain.

- - - Updated - - -

Plan on doing the same here...been talking to the roommates about buying the house from them after my tb is paid off.

 

[CaptainKD]

 

[dmanns67]

 

[CaptainKD]

 

[dmanns67]

 

[CaptainKD]

 

[Playsinsnow]

After I paid off a bill, I would take that same amount and transfer it to savings each month. After a couple financial classes on managing debt, my mind has changed.

Now after I pay off a bill, I will take that monthly payment and add it to another bill until that bill is paid off. Then just repeat the cycle each time a bill has been paid off. The good thing is that the same amount of money comes out of the account each month, but I am able to pay five to six times the minimum payment on bills to pay them off faster.

That is a dilemma I have always had with bills versus savings account. Do I build up my savings or pay more on my bills, which inturn, will free up more money for savings. Luckily, my wife and I are in a good spot financially, so we have been able to do both.

So far the concept has been working well. I have paid off two credit cards (Wife's of course), my TB, and my military career starter loan within the last six months. Hopefully by this time next year the only bill I will have is the wife's student loans.

Hearing financial advice is like hearing dieting advice, so here is mine...

ALWAYS pay off outstanding debt with interest. That interest is always higher than anything that provides a return.

If finances are good, pay off all debt and keep activity on balances active. i.e. paying em off in 30 days or less-no interest.

If you owe more than 50% of all available credit to you on balances, you should be saving just the bare minimum for a rainy day and pay those debts off. Being broke on a rainy day is hard. Paying debt is harder.

Anyone and everyone who is "smart" with their money has enough to cover all expenses for a minimum of 3 months without income. How well do you fair with this? (rhetorical)

I established sky high credit just to ruin it (no bankruptcy or possession losses of any kind). It's almost back to where it was 10 years ago. The Mrs. and I owe less than 2 grand on EVERTHING (cars whatever) to our name. Some lessons are learned the hard way!

It is a good feeling knowing you can buy whatever you want. Well almost anything. Brother in law of a buddy has a million dollars worth of fun and always complains that he doesn't have enough money. 10 year loan on a boat! 8 years on a tractor! HA! I could be broke for 20 years if I felt I needed to do all that. Maybe if the wife packs up...

 

[dmanns67]

Hearing financial advice is like hearing dieting advice, so here is mine...

ALWAYS pay off outstanding debt with interest. That interest is always higher than anything that provides a return.

If finances are good, pay off all debt and keep activity on balances active. i.e. paying em off in 30 days or less-no interest.

If you owe more than 50% of all available credit to you on balances, you should be saving just the bare minimum for a rainy day and pay those debts off. Being broke on a rainy day is hard. Paying debt is harder.

Anyone and everyone who is "smart" with their money has enough to cover all expenses for a minimum of 3 months without income. How well do you fair with this? (rhetorical)

I established sky high credit just to ruin it (no bankruptcy or possession losses of any kind). It's almost back to where it was 10 years ago. The Mrs. and I owe less than 2 grand on EVERTHING to our name. Some lessons are learned the hard way!

It is a good feeling knowing you can buy whatever you want. Well almost anything. Brother in law of a buddy has a million dollars worth of fun and always complains that he doesn't have enough money. 10 year loan on a boat! 8 years on a tractor! HA! I could be broke for 20 years if I felt I needed to do all that. Maybe if the wife packs up...

Yeah man I know exactly what you are saying. There is always a new plan out there to manage debt and they always claim one is better than the other. 3 months of income is great advice and luckily we had that after I got out of the military in March of 2012. I was unemployed until 1 June and did not get my first pay check until 1 July.

Basically, her paycheck goes to savings and mine covers the bills, expenses, and misc items (That we want or think we need). As you mentioned, most of her cards are over 50% so we are focusing on the highest dollar amount/interest first. Then moving our way down the list.

Before I got married I never had a need for a budget or debt management, but since I married my best friend I also married into her debt. Should have done a credit check

 

[CaptainKD]

 

[djthumper]

 

[Playsinsnow]

Captain Dmanns


wtf

you two put your panties and makeup on and come ready to play? I try to multitask and you two hit 15 posts in the span of one commercial break. Just spectating now until later. It's Monday in a few hours.

 

[Playsinsnow]

 

[CaptainKD]

 

[CaptainKD]

Snooze.......

 

[djthumper]

Snooze.......

 

[CaptainKD]

 

[djthumper]

 

[CaptainKD]

 

[djthumper]

 

[dmanns67]

 

[djthumper]

 

[dmanns67]

Captain Dmanns


wtf

you two put your panties and makeup on and come ready to play? I try to multitask and you two hit 15 posts in the span of one commercial break. Just spectating now until later. It's Monday in a few hours.

I have been at work since 230pm. I still have another 13 hrs to go

I am always wearing my party panties

 

[djthumper]

I have been at work since 230pm. I still have another 13 hrs to go

I am always wearing my party panties

more like whoring panties...

 

[Playsinsnow]

I have been at work since 230pm. I still have another 13 hrs to go

I am always wearing my party panties

I'll be on my way to work in 2 hours. I'll be off in about 10 1/2

more time to get in HER panties

 

[dmanns67]

 

[Playsinsnow]

 

[DDonnie]

:banghead: