This. And having a couple of cards with 0% APR on BT as a safety valve in case

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Mar 21, 2023
4:17:16pm

TerpCoug All-American

You have an extremely bad month. This approach gives you runway to make adjustments if things go sideways on you.

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TerpCoug

Bio page: TerpCoug
Joined: Oct 7, 2017
Last login: May 10, 2024
Total posts: 2,266 (1 FO)

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Messages

Author

Time

<< Deleted >>

materialized

3/21/23 3:46pm

Since this will be asked 10 times, let me be the first

kccougar

3/21/23 3:47pm

I assume CC debt means an amount you're paying interest on. Not what you pay off

Schultz is back

3/21/23 3:48pm

But the reports are of statement balances, I imagine.

Plato

3/21/23 3:51pm

Right. If I pull my credit report right now, it will show a balance higher than

Skeptical Optimist

3/21/23 3:53pm

So you are saying you spend more than $8600/month on your credit card and pay it

cougarfan84

3/21/23 3:58pm

Yes, but that includes business expenses on cards that were approved from my

Skeptical Optimist

3/21/23 4:01pm

Well business expenses would certainly increase the monthly charges. Makes sense

cougarfan84

3/21/23 4:04pm

Responsible living with monthly CC expenses of $8600 would take about $200k

justAnotherCoug

3/21/23 4:07pm

Yikes, I need to cut back. But what are those %?

Plato

3/21/23 4:10pm

50% fixed expenses, 30% discretionary, 20% savings

justAnotherCoug

3/21/23 4:18pm

0. It gets paid off in full every month automatically.

Schultz is back

3/21/23 3:47pm

Are you defining credit card debt as a balance that you don't pay off at the end

Skeptical Optimist

3/21/23 3:47pm

How are you defining cc debt?

Mexicougazul

3/21/23 3:48pm

<< Deleted >>

materialized

3/21/23 3:50pm

Then I selected higher than average, even though I pay it off every month.

Skeptical Optimist

3/21/23 3:57pm

Please have a $0 answer

justAnotherCoug

3/21/23 3:48pm

<< Deleted >>

materialized

3/21/23 3:50pm

If you read the other responses to this post

justAnotherCoug

3/21/23 3:52pm

0 - paid off every month

dallasbyu

3/21/23 3:49pm

Zero, we put our whole life on a credit card and pay off in full every month

JOPE

3/21/23 3:49pm

This. And having a couple of cards with 0% APR on BT as a safety valve in case

TerpCoug

3/21/23 4:17pm

Right now? Depends on what my HCBW spent today.

kimdaddy35

3/21/23 3:50pm

Ron Mexico

3/21/23 3:50pm

Zero. We put every possible charge for personal expenses and business expenses

kotacoug

3/21/23 3:51pm

Lame Poll...need to have a "I pay off every month option"

pspcres

3/21/23 3:52pm

Zero. However, I find it annoying when I can't use a CC to pay for something.

FrontLineFan

3/21/23 4:02pm

We pay ours off every month, but I got an alert from the bank my credit score

crack

3/21/23 4:08pm

Did the dealer charge a fee for that? If not, that's a fantastic deal

Skeptical Optimist

3/21/23 4:09pm

No. But we really wanted the specific car that was there and so we didn't haggle

crack

3/21/23 4:23pm

Ok that makes more sense now. I usually negotiate the price of the

kotacoug

3/22/23 11:50am

I'm surprised as I have heard Jeep's recently don't last a ton of miles without major repairs. That they aren't like

kimdaddy35

3/21/23 4:10pm

This was for a 2010 or so.

crack

3/21/23 4:22pm

I’ve never been allowed to put more than $5k for any of the vehicles I’ve

kotacoug

3/21/23 4:12pm

Two separate transactions of $10k.

crack

3/21/23 4:22pm

I think it's a violation of their CC agreement to cap what you can pay on CC

justAnotherCoug

3/21/23 4:33pm

Where is the option for the CC companies owe ME money?

yahtzee

3/21/23 4:16pm

ZERO

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