http://groups.google.com/group/misc.consumers.frugal-living?hl=en
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Today's topics:
* more laptop selection help - 5 messages, 5 authors
http://groups.google.com/group/misc.consumers.frugal-living/browse_thread/thread/614f763badc82c6b?hl=en
* Canned Mackerel - 4 messages, 4 authors
http://groups.google.com/group/misc.consumers.frugal-living/browse_thread/thread/f049abff31c44b3a?hl=en
* Living without a credit card - 13 messages, 11 authors
http://groups.google.com/group/misc.consumers.frugal-living/browse_thread/thread/1543df3db7e868b6?hl=en
* Free Printable Grocery Coupons - 1 messages, 1 author
http://groups.google.com/group/misc.consumers.frugal-living/browse_thread/thread/73cd6f3d558b13ce?hl=en
* Coinstar Warning - 1 messages, 1 author
http://groups.google.com/group/misc.consumers.frugal-living/browse_thread/thread/0a78df299577cc2f?hl=en
* Cheap Wholesale Shoes Sneakers MP3 Handbag Jeans Hoody T-shirts Nokia GPS (
www.globwholesale.com) - 1 messages, 1 author
http://groups.google.com/group/misc.consumers.frugal-living/browse_thread/thread/57894c2ba3cbda18?hl=en
==============================================================================
TOPIC: more laptop selection help
http://groups.google.com/group/misc.consumers.frugal-living/browse_thread/thread/614f763badc82c6b?hl=en
==============================================================================
== 1 of 5 ==
Date: Sun, Dec 2 2007 7:26 am
From: "AllEmailDeletedImmediately"
thank you everyone who helped me out. i'm learning and getting there.
this is another question about the diff betw the turion 64x2 and the intel
core 2 duo. for what i do, i'd think either would work fine at this time.
i think i read that the intel is a 32x2; is that correct?
if so, would there be an advantage to getting the turion 64x2 in terms of
future software/hardware? i'm not sure what the 32 and the 64 mean.
would software written for the 32 run on the 64? vice versa? is software
most likely to be written for one over the other in the future? does it
even affect the software? :) i'm thinking it might because i know there
are terms like 32 bit platform and 64 bit platform and i think this might be
what it refers to, but, i'm a real dummy when it comes to hardware :(
i usually keep my computer until i really need a new one in terms of
software, so i'm trying to make sure that the one i get will be able to
handle future software as far into the future as possible.
thanks for all the help.
== 2 of 5 ==
Date: Sun, Dec 2 2007 7:53 am
From: Jeff
AllEmailDeletedImmediately wrote:
> thank you everyone who helped me out. i'm learning and getting there.
>
> this is another question about the diff betw the turion 64x2 and the intel
> core 2 duo. for what i do, i'd think either would work fine at this time.
>
> i think i read that the intel is a 32x2; is that correct?
Everything is 64 bit now from the big two.
You can't go wrong with Intel. Buy the AMD if there is a big price break
in your favor, or if it has features you want that the Intel doesn't.
Jeff
>
> if so, would there be an advantage to getting the turion 64x2 in terms of
> future software/hardware? i'm not sure what the 32 and the 64 mean.
> would software written for the 32 run on the 64? vice versa? is software
> most likely to be written for one over the other in the future? does it
> even affect the software? :) i'm thinking it might because i know there
> are terms like 32 bit platform and 64 bit platform and i think this might be
> what it refers to, but, i'm a real dummy when it comes to hardware :(
>
> i usually keep my computer until i really need a new one in terms of
> software, so i'm trying to make sure that the one i get will be able to
> handle future software as far into the future as possible.
>
> thanks for all the help.
>
>
== 3 of 5 ==
Date: Sun, Dec 2 2007 9:41 am
From: gheston@hiwaay.net (Gary Heston)
In article <r8A4j.3888$xB.1301@trndny06>,
AllEmailDeletedImmediately <derjda@hotmail.com> wrote:
>thank you everyone who helped me out. i'm learning and getting there.
>this is another question about the diff betw the turion 64x2 and the intel
>core 2 duo. for what i do, i'd think either would work fine at this time.
Either should be fine for you for years.
You can find some information about the differences between 32-bit and
64-bit architecures here:
http://en.wikipedia.org/wiki/64-bit
>i think i read that the intel is a 32x2; is that correct?
No, it's 64x2.
>if so, would there be an advantage to getting the turion 64x2 in terms of
>future software/hardware? i'm not sure what the 32 and the 64 mean.
How many bits form an instruction.
>would software written for the 32 run on the 64? vice versa? is software
>most likely to be written for one over the other in the future? does it
>even affect the software? :) i'm thinking it might because i know there
>are terms like 32 bit platform and 64 bit platform and i think this might be
>what it refers to, but, i'm a real dummy when it comes to hardware :(
32-bit code will run on 64-bit architectures, although not always very well.
The Core2Duo and the Turion will have no problem with it.
64-bit code will not run on 32-bit architectures, to my knowledge.
>i usually keep my computer until i really need a new one in terms of
>software, so i'm trying to make sure that the one i get will be able to
>handle future software as far into the future as possible.
The primary limitation is memory. Software _never_ gets smaller, so buy
a system that you can expand to 4GB when you need to. If you decide to
run Vista (not recommended), you should start with 1GB.
Get a CPU with a large cache--2MB minimum, 4GB is better; trade off clock
speed for more cache. Get a fast hard drive. You're not doing things that
push the limits of current technology, so the rest isn't critical.
Gary
--
Gary Heston gheston@hiwaay.net
http://www.thebreastcancersite.com/
Yoko Onos' former driver tried to extort $2M from her, threating to
"release embarassing recordings...". What, he has a copy of her album?
== 4 of 5 ==
Date: Sun, Dec 2 2007 10:34 am
From: "** Frank **"
"AllEmailDeletedImmediately" <derjda@hotmail.com> wrote in message
news:r8A4j.3888$xB.1301@trndny06...
> thank you everyone who helped me out. i'm learning and getting there.
>
> this is another question about the diff betw the turion 64x2 and the intel
> core 2 duo. for what i do, i'd think either would work fine at this
> time.
>
> i think i read that the intel is a 32x2; is that correct?
>
> if so, would there be an advantage to getting the turion 64x2 in terms of
> future software/hardware? i'm not sure what the 32 and the 64 mean.
> would software written for the 32 run on the 64? vice versa? is software
> most likely to be written for one over the other in the future? does it
> even affect the software? :) i'm thinking it might because i know there
> are terms like 32 bit platform and 64 bit platform and i think this might
> be what it refers to, but, i'm a real dummy when it comes to hardware :(
>
> i usually keep my computer until i really need a new one in terms of
> software, so i'm trying to make sure that the one i get will be able to
> handle future software as far into the future as possible.
>
> thanks for all the help.
>
Intel is eating AMD's lunch. Year-to-date, AMD loss over 50% of market value
while Intel gain almost 30%. AMD completes on price alone. As for me, I
think either chip would be ok, as I'm don't need the fastest machines any
longer, especially if AMD is much cheaper. Great prices, day after Xmas if
you're willing get up early to fight the lines.
As for bits and bytes, check this out:
http://en.wikipedia.org/wiki/64-bit
In particular, see the section on "32 vs 64 bit".
== 5 of 5 ==
Date: Sun, Dec 2 2007 10:38 am
From: Dennis
On Sun, 02 Dec 2007 15:26:15 GMT, "AllEmailDeletedImmediately"
<derjda@hotmail.com> wrote:
>thank you everyone who helped me out. i'm learning and getting there.
>
>this is another question about the diff betw the turion 64x2 and the intel
>core 2 duo. for what i do, i'd think either would work fine at this time.
>
>i think i read that the intel is a 32x2; is that correct?
>
>if so, would there be an advantage to getting the turion 64x2 in terms of
>future software/hardware? i'm not sure what the 32 and the 64 mean.
>would software written for the 32 run on the 64? vice versa? is software
>most likely to be written for one over the other in the future? does it
>even affect the software? :) i'm thinking it might because i know there
>are terms like 32 bit platform and 64 bit platform and i think this might be
>what it refers to, but, i'm a real dummy when it comes to hardware :(
>
>i usually keep my computer until i really need a new one in terms of
>software, so i'm trying to make sure that the one i get will be able to
>handle future software as far into the future as possible.
>
>thanks for all the help.
>
To run 64-bit applications, you would need to install a 64-bit OS.
Generally, you would only need 64-bit OS/applications if you needed
really large amounts of memory and did lots of crunching of big
numbers. I suspect that neither would be an issue for you with the
type of use you describe. Bottom line: either processor could
accomodate a 64-bit OS, but you likely will never need one so don't
sweat it.
Dennis (evil)
--
I'm behind the eight ball, ahead of the curve, riding the wave,
dodging the bullet and pushing the envelope. -George Carlin
==============================================================================
TOPIC: Canned Mackerel
http://groups.google.com/group/misc.consumers.frugal-living/browse_thread/thread/f049abff31c44b3a?hl=en
==============================================================================
== 1 of 4 ==
Date: Sun, Dec 2 2007 7:42 am
From: Al Bundy
PaPaPeng wrote:
> This is neat. I just bought a 115gm can of Mackerel, the flat can with
> a pull tab to open it. Included inside is a plastic fork so that I
> can eat from the can without further ado. Its a really brilliant
> idea. The can is packed inside a cardboard box labelled CanAsia of
> Thailand. Costs CDN1.59 from the Chinese grocery shop. I rarely
> snack between meals and canned fish is a snack I like, not too
> filling, is delicious, nutiritious, easy to digest and no preparation
> needed.
First let me thank you for not pasting 15 paragraphs unrelated to this
group.
I buy the 425g can of mackerel from Chile for 99¢. It sometimes goes
for as little as 79¢.
I maintain a few of those reusable metal forks.
I have not eaten "snacks" since I as 13 years old.
== 2 of 4 ==
Date: Sun, Dec 2 2007 10:07 am
From: "** Frank **"
"PaPaPeng" <PaPaPeng@yahoo.com> wrote in message
news:ivc5l31hld99qld0r22sn62bmtv9l92kcv@4ax.com...
>
>
> This is neat. I just bought a 115gm can of Mackerel, the flat can with
> a pull tab to open it. Included inside is a plastic fork so that I
> can eat from the can without further ado. Its a really brilliant
> idea. The can is packed inside a cardboard box labelled CanAsia of
> Thailand. Costs CDN1.59 from the Chinese grocery shop. I rarely
> snack between meals and canned fish is a snack I like, not too
> filling, is delicious, nutiritious, easy to digest and no preparation
> needed.
Cool, I wouldn't have thought mackerel as a snack. Wife just bought some
seaweed paper laced with wasabi as snack. Careful, it will clear sinus,
flush tear ducts and blow your brain at the same time - good to have during
boring company meetings.
== 3 of 4 ==
Date: Sun, Dec 2 2007 10:29 am
From: Dennis
On Sun, 02 Dec 2007 13:34:53 GMT, PaPaPeng <PaPaPeng@yahoo.com> wrote:
>
>
>This is neat. I just bought a 115gm can of Mackerel, the flat can with
>a pull tab to open it. Included inside is a plastic fork so that I
>can eat from the can without further ado. Its a really brilliant
>idea. The can is packed inside a cardboard box labelled CanAsia of
>Thailand. Costs CDN1.59 from the Chinese grocery shop. I rarely
>snack between meals and canned fish is a snack I like, not too
>filling, is delicious, nutiritious, easy to digest and no preparation
>needed.
I'd bring up the hazards of mercury, but I guess that ship has sailed.
Dennis (evil)
--
"There is a fine line between participation and mockery" - Wally
== 4 of 4 ==
Date: Sun, Dec 2 2007 10:36 am
From: Anthony Matonak
Dennis wrote:
...
> I'd bring up the hazards of mercury, but I guess that ship has sailed.
Mercury is like lead... If it was bad for you they wouldn't put it in
so many things. :)
Anthony
==============================================================================
TOPIC: Living without a credit card
http://groups.google.com/group/misc.consumers.frugal-living/browse_thread/thread/1543df3db7e868b6?hl=en
==============================================================================
== 1 of 13 ==
Date: Sun, Dec 2 2007 7:54 am
From: Scott in SoCal
On Sun, 02 Dec 2007 08:06:37 -0500, Neil Jones
<castellan2004-atnews@yahoo.com> wrote:
>I have problem with credit cards. I flash them for gas, sometimes for
>lunch, groceries etc. They are the small ticket items but are
>accumulating on my balance. Now that I have accepted that I have a
>problem, I want to really wean out of this reliance on credit card.
Your problem is not credit cards per se. You problem is that you are
not living within your means. In general, paying with a credit card is
no worse than paying with cash (and sometimes better, since some
credit cards pay cash rewards for using them). The problems only come
in when you don't pay your balance in full each month.
>Please share with me if anyone in this forum had this problem and have
>successfully detached from the credit card. The balance is really
>stressing me out.
I had problems similar to yours many years ago, but my solution was to
stop spending more money than I earned. I still have all my credit
cards, BTW - I never cut them up or froze them in a block of ice or
any of that crap. Those are crutches for people who are too
weak-willed to stick to a spending plan. The real way to solve your
problem is to develop some fiscal discipline.
== 2 of 13 ==
Date: Sun, Dec 2 2007 8:04 am
From: The Etobian
On Sun, 02 Dec 2007 08:23:23 -0500, "Daniel T."
<daniel_t@earthlink.net> wrote:
>Neil Jones <castellan2004-atnews@yahoo.com> wrote:
>
>> I have problem with credit cards. I flash them for gas, sometimes for
>> lunch, groceries etc. They are the small ticket items but are
>> accumulating on my balance. Now that I have accepted that I have a
>> problem, I want to really wean out of this reliance on credit card.
>> Please share with me if anyone in this forum had this problem and have
>> successfully detached from the credit card. The balance is really
>> stressing me out.
>
>The credit card is not the problem, rather it is the fact that you are
>spending more than you make that is the problem.
>
>1) Plan your spending before you spend your money. At the beginning of
>the month, decide how much you are going to spend and what you are going
>to spend it on. Don't spend more than you are going to make that month.
>If you have a variable income, then don't spend more than you made last
>month. Try to aim for spending about 10% less.
>
>2) Track your credit card balance as carefully as you track your
>checkbook balance. It's a good idea to even keep an extra check register
>on hand for credit card purchases and write them in the register when
>you make a purchase.
>
>3) Make sure that your monthly statement balance is less this month than
>it was last month, do that every month and you *will* pay off the pesky
>card.
4) Build up your savings to at least 4 months take home pay. Use an
online banking account to get interest over 4%. You could also have
it direct deposited from your pay check. This money could be used for
emergencies (new heating system, major car repairs) so you wouldn't
have to use your credit card. Once you reach your savings goal,
continue to save but put anything over your 4 months reserve in
investment vehicles that could yiled higher than 4%. Keep your
reserve liquid so you have a ready source of emergency funds.
== 3 of 13 ==
Date: Sun, Dec 2 2007 8:42 am
From: George Grapman
Neil Jones wrote:
> Hello,
>
> I have problem with credit cards. I flash them for gas, sometimes for
> lunch, groceries etc. They are the small ticket items but are
> accumulating on my balance. Now that I have accepted that I have a
> problem, I want to really wean out of this reliance on credit card.
> Please share with me if anyone in this forum had this problem and have
> successfully detached from the credit card. The balance is really
> stressing me out.
>
>
> Thank you in advance for any help.
>
Get a debit card. You can use it just like a credit card except you
can not spend the money if you do not have it.
If you travel get a card that does not have fees when you use other
financial institutions (my credit union has no fees for ATM withdrawals
at almost any 7/11) or, for pocket money, use the card to buy something
at a large store and use the cash back option.
== 4 of 13 ==
Date: Sun, Dec 2 2007 8:55 am
From: "John A. Weeks III"
In article <9il5l31he6rs7dg3cvskkillvgp7a02bpa@4ax.com>,
The Etobian <pdcorcoran@myway.com> wrote:
> 4) Build up your savings to at least 4 months take home pay. Use an
> online banking account to get interest over 4%. You could also have
> it direct deposited from your pay check. This money could be used for
> emergencies (new heating system, major car repairs) so you wouldn't
> have to use your credit card. Once you reach your savings goal,
> continue to save but put anything over your 4 months reserve in
> investment vehicles that could yiled higher than 4%. Keep your
> reserve liquid so you have a ready source of emergency funds.
I believe that to be an error in logic. Having a huge amount of
cash sitting earning almost nothing is silly when the OP has a
credit card debt that is accumulating interest fees at the rate
of 21% to 29%. The best strategy is to do whatever is possible
to pay down this bill. If you have an extra 2 cents, send it
in and don't pay rip-off interest on it.
If a person is wealthy or has a very high income, they can afford
to make a mistake like letting cash sit around doing nothing. But
most work-a-day people don't have that luxury. They have to have
every dollar work twice as hard because they don't have all that
many dollars to start with, and they are going to need a million
or more in retirement funds to avoid starvation when they are 92
years old.
To summarize:
- don't set up an "emergency fund" or "rainy day fund" unless
you are wealthy or have a high income.
- do pay every last penny towards credit card debt (and to other
high rate debt that is above 7%).
- don't incur new debt except for a primary home, and then, make
sure that it is a reasonable debt that you can live with.
- once bills are paid off, save like mad for retirement.
- keep a credit card for emergencies.
- try to minimize emergencies.
- pay off the emergency bills as soon as possible.
Avoid the rainy day fund trap if you want to get out of debt.
-john-
--
======================================================================
John A. Weeks III 952-432-2708 john@johnweeks.com
Newave Communications
http://www.johnweeks.com
======================================================================
== 5 of 13 ==
Date: Sun, Dec 2 2007 9:35 am
From: clams casino
John A. Weeks III wrote:
>In article <9il5l31he6rs7dg3cvskkillvgp7a02bpa@4ax.com>,
> The Etobian <pdcorcoran@myway.com> wrote:
>
>
>
>>4) Build up your savings to at least 4 months take home pay. Use an
>>online banking account to get interest over 4%. You could also have
>>it direct deposited from your pay check. This money could be used for
>>emergencies (new heating system, major car repairs) so you wouldn't
>>have to use your credit card. Once you reach your savings goal,
>>continue to save but put anything over your 4 months reserve in
>>investment vehicles that could yiled higher than 4%. Keep your
>>reserve liquid so you have a ready source of emergency funds.
>>
>>
>
>I believe that to be an error in logic. Having a huge amount of
>cash sitting earning almost nothing is silly when the OP has a
>credit card debt that is accumulating interest fees at the rate
>of 21% to 29%. The best strategy is to do whatever is possible
>to pay down this bill. If you have an extra 2 cents, send it
>in and don't pay rip-off interest on it.
>
>If a person is wealthy or has a very high income, they can afford
>to make a mistake like letting cash sit around doing nothing. But
>most work-a-day people don't have that luxury. They have to have
>every dollar work twice as hard because they don't have all that
>many dollars to start with, and they are going to need a million
>or more in retirement funds to avoid starvation when they are 92
>years old.
>
>To summarize:
>
>- don't set up an "emergency fund" or "rainy day fund" unless
>you are wealthy or have a high income.
>
>- do pay every last penny towards credit card debt (and to other
>high rate debt that is above 7%).
>
>- don't incur new debt except for a primary home, and then, make
>sure that it is a reasonable debt that you can live with.
>
>- once bills are paid off, save like mad for retirement.
>
>- keep a credit card for emergencies.
>
>- try to minimize emergencies.
>
>- pay off the emergency bills as soon as possible.
>
>Avoid the rainy day fund trap if you want to get out of debt.
>
>-john-
>
>
>
I think it will be difficult to find a low risk, 4%+ bank account. A
better way (once all the credit card debt is paid off) may be to have
that 4-month money in a three or perhaps six month CD which are
currently paying above 4%. If a true emergency does arise, the CDs can
be tapped to pay off such emergency charges.
Our preferred method for an emergency fund was to make extra payments
against the mortgage where the (extra) equity could be made available
in case of emergencies. Fortunately that never materialized, but we
did use the equity to buy a few cars - much lower interest rate
(especially after deductions) vs. conventional loans. It's unlikely
one will find a minimal risk investment paying more than the mortgage
interest, especially if the investor is not using deductions via IRS
long form.
== 6 of 13 ==
Date: Sun, Dec 2 2007 9:39 am
From: Just A User
Neil Jones wrote:
> Hello,
>
> I have problem with credit cards. I flash them for gas, sometimes for
> lunch, groceries etc. They are the small ticket items but are
> accumulating on my balance. Now that I have accepted that I have a
> problem, I want to really wean out of this reliance on credit card.
> Please share with me if anyone in this forum had this problem and have
> successfully detached from the credit card. The balance is really
> stressing me out.
>
>
> Thank you in advance for any help.
>
> NJ
> ---------------------
> Random URL found on the Internet
> http://memoriter.net/flash/test.html
The simple solution for your /problem/ is stop using them. Or like I do
pay the complete balance every month. I have 6 cards that I use on a
rotating basis for normal expenses. I pay the balance off every month.
== 7 of 13 ==
Date: Sun, Dec 2 2007 9:49 am
From: "** Frank **"
> Can't help - Since I always pay all balance every month when due every
> month, I don't have any problems. In fact, by paying them off every
> month, I realize a good $500+ gain every year in rebates.
>
Wow, that is fantastic! Which card do you use and how much do you have to
spend to get back $500?
== 8 of 13 ==
Date: Sun, Dec 2 2007 10:28 am
From: "Rod Speed"
John A. Weeks III <john@johnweeks.com> wrote:
> In article <9il5l31he6rs7dg3cvskkillvgp7a02bpa@4ax.com>,
> The Etobian <pdcorcoran@myway.com> wrote:
>
>> 4) Build up your savings to at least 4 months take home pay. Use an
>> online banking account to get interest over 4%. You could also have
>> it direct deposited from your pay check. This money could be used
>> for emergencies (new heating system, major car repairs) so you
>> wouldn't have to use your credit card. Once you reach your savings
>> goal, continue to save but put anything over your 4 months reserve in
>> investment vehicles that could yiled higher than 4%. Keep your
>> reserve liquid so you have a ready source of emergency funds.
> I believe that to be an error in logic. Having a huge amount of
> cash sitting earning almost nothing is silly when the OP has a
> credit card debt that is accumulating interest fees at the rate
> of 21% to 29%. The best strategy is to do whatever is possible
> to pay down this bill. If you have an extra 2 cents, send it
> in and don't pay rip-off interest on it.
Correct, but you have an error in your logic too.
> If a person is wealthy or has a very high income, they can
> afford to make a mistake like letting cash sit around doing
> nothing. But most work-a-day people don't have that luxury.
Most do actually, they arent flying that close to the wind.
> They have to have every dollar work twice as hard because
> they don't have all that many dollars to start with,
Most 'work-a-day people' dont need to do that.
> and they are going to need a million or more in retirement
> funds to avoid starvation when they are 92 years old.
No one starves at that age in america.
> To summarize:
> - don't set up an "emergency fund" or "rainy day fund"
> unless you are wealthy or have a high income.
Those dont need one either. In fact its those in the middle
that may benefit from having one, but its much better done
using a home equity loan instead as long as you arent one
of the fools that spends everything they have access to.
> - do pay every last penny towards credit card debt
> (and to other high rate debt that is above 7%).
Thats not necessarily the best thing to do in some situations,
most obviously when you have a real financial unusual event.
> - don't incur new debt except for a primary home,
Thats arguable too. It makes some sense for some
people whose transport needs to be reliable to produce
their income to borrow to get that reliable transport too.
> and then, make sure that it is a reasonable debt that you can live with.
> - once bills are paid off, save like mad for retirement.
> - keep a credit card for emergencies.
The home equity loan is better for that, basically because it costs less for that money.
> - try to minimize emergencies.
> - pay off the emergency bills as soon as possible.
> Avoid the rainy day fund trap if you want to get out of debt.
Yep, a home equity loan makes a lot more sense for that.
== 9 of 13 ==
Date: Sun, Dec 2 2007 10:32 am
From: krw
In article <E1C4j.14638$so3.8242@newsfe18.lga>, PeterGriffin@drunkin-
clam.com says...
> John A. Weeks III wrote:
>
> >In article <9il5l31he6rs7dg3cvskkillvgp7a02bpa@4ax.com>,
> > The Etobian <pdcorcoran@myway.com> wrote:
> >
> >
> >
> >>4) Build up your savings to at least 4 months take home pay. Use an
> >>online banking account to get interest over 4%. You could also have
> >>it direct deposited from your pay check. This money could be used for
> >>emergencies (new heating system, major car repairs) so you wouldn't
> >>have to use your credit card. Once you reach your savings goal,
> >>continue to save but put anything over your 4 months reserve in
> >>investment vehicles that could yiled higher than 4%. Keep your
> >>reserve liquid so you have a ready source of emergency funds.
> >>
> >>
> >
> >I believe that to be an error in logic. Having a huge amount of
> >cash sitting earning almost nothing is silly when the OP has a
> >credit card debt that is accumulating interest fees at the rate
> >of 21% to 29%. The best strategy is to do whatever is possible
> >to pay down this bill. If you have an extra 2 cents, send it
> >in and don't pay rip-off interest on it.
> >
> >If a person is wealthy or has a very high income, they can afford
> >to make a mistake like letting cash sit around doing nothing. But
> >most work-a-day people don't have that luxury. They have to have
> >every dollar work twice as hard because they don't have all that
> >many dollars to start with, and they are going to need a million
> >or more in retirement funds to avoid starvation when they are 92
> >years old.
> >
> >To summarize:
> >
> >- don't set up an "emergency fund" or "rainy day fund" unless
> >you are wealthy or have a high income.
> >
> >- do pay every last penny towards credit card debt (and to other
> >high rate debt that is above 7%).
> >
> >- don't incur new debt except for a primary home, and then, make
> >sure that it is a reasonable debt that you can live with.
> >
> >- once bills are paid off, save like mad for retirement.
> >
> >- keep a credit card for emergencies.
> >
> >- try to minimize emergencies.
> >
> >- pay off the emergency bills as soon as possible.
> >
> >Avoid the rainy day fund trap if you want to get out of debt.
> >
> >-john-
> >
> >
> >
> I think it will be difficult to find a low risk, 4%+ bank account. A
> better way (once all the credit card debt is paid off) may be to have
> that 4-month money in a three or perhaps six month CD which are
> currently paying above 4%. If a true emergency does arise, the CDs can
> be tapped to pay off such emergency charges.
Five-month (six aren't as good for some reason) CDs are pretty easy
to find that yield well above 4%. I'm trying to park the proceeds
from my house and found several, the highest I've found was with my
CU, at 5.75%. For such a rainy-day, a short-term CD (amazingly
higher interest than a long-term) should work, along with a few
credit cards for emergency use.
> Our preferred method for an emergency fund was to make extra payments
> against the mortgage where the (extra) equity could be made available
> in case of emergencies. Fortunately that never materialized, but we
> did use the equity to buy a few cars - much lower interest rate
> (especially after deductions) vs. conventional loans. It's unlikely
> one will find a minimal risk investment paying more than the mortgage
> interest, especially if the investor is not using deductions via IRS
> long form.
You could do the same with a slush fund. I never liked borrowing
against my house, so didn't even for major repairs like a roof. That
equity, in my mind, was always for housing.
--
Keith
== 10 of 13 ==
Date: Sun, Dec 2 2007 10:36 am
From: krw
In article <_ISdnV-SdvmObc_anZ2dnUVZ_tKdnZ2d@comcast.com>,
noemall@xyz.net says...
> > Can't help - Since I always pay all balance every month when due every
> > month, I don't have any problems. In fact, by paying them off every
> > month, I realize a good $500+ gain every year in rebates.
> >
>
> Wow, that is fantastic! Which card do you use and how much do you have to
> spend to get back $500?
>
I won't be getting back anything close to $500 but likely over half
that before we're done. We recently moved and used an AmEx for
pretty much all those expenses, stuff needed for the new place, and
business expenses (hotels, food, computer,...). The (up to) two
month float is nice too.
--
Keith
== 11 of 13 ==
Date: Sun, Dec 2 2007 10:37 am
From: A Veteran
In article <_aWdnVQwb7GKM8_anZ2dnUVZ_gqdnZ2d@comcast.com>,
Neil Jones <castellan2004-atnews@yahoo.com> wrote:
> Hello,
>
> I have problem with credit cards. I flash them for gas, sometimes for
> lunch, groceries etc. They are the small ticket items but are
> accumulating on my balance. Now that I have accepted that I have a
> problem, I want to really wean out of this reliance on credit card.
> Please share with me if anyone in this forum had this problem and have
> successfully detached from the credit card. The balance is really
> stressing me out.
>
>
> Thank you in advance for any help.
>
> NJ
> ---------------------
> Random URL found on the Internet
> http://memoriter.net/flash/test.html
Some freeze their card (s) in a block of ice in the freezer.
then they have to go home and Microwave it to make a "spontaneous"
purchase.
--
when you believe the only tool you have is a hammer.
All problems look like nails.
== 12 of 13 ==
Date: Sun, Dec 2 2007 10:34 am
From: Paul Pluzhnikov
clams casino <PeterGriffin@drunkin-clam.com> writes:
> I think it will be difficult to find a low risk, 4%+ bank account.
Not really:
http://home.ingdirect.com/products/products.asp?s=OrangeSavingsAccount
Cheers,
--
In order to understand recursion you must first understand recursion.
Remove /-nsp/ for email.
== 13 of 13 ==
Date: Sun, Dec 2 2007 10:54 am
From: "Rod Speed"
krw <krw@att.bizzzz> wrote:
> In article <E1C4j.14638$so3.8242@newsfe18.lga>, PeterGriffin@drunkin-
> clam.com says...
>> John A. Weeks III wrote:
>>
>>> In article <9il5l31he6rs7dg3cvskkillvgp7a02bpa@4ax.com>,
>>> The Etobian <pdcorcoran@myway.com> wrote:
>>>
>>>
>>>
>>>> 4) Build up your savings to at least 4 months take home pay. Use
>>>> an online banking account to get interest over 4%. You could also
>>>> have it direct deposited from your pay check. This money could be
>>>> used for emergencies (new heating system, major car repairs) so
>>>> you wouldn't have to use your credit card. Once you reach your
>>>> savings goal, continue to save but put anything over your 4 months
>>>> reserve in investment vehicles that could yiled higher than 4%.
>>>> Keep your reserve liquid so you have a ready source of emergency
>>>> funds.
>>>>
>>>>
>>>
>>> I believe that to be an error in logic. Having a huge amount of
>>> cash sitting earning almost nothing is silly when the OP has a
>>> credit card debt that is accumulating interest fees at the rate
>>> of 21% to 29%. The best strategy is to do whatever is possible
>>> to pay down this bill. If you have an extra 2 cents, send it
>>> in and don't pay rip-off interest on it.
>>>
>>> If a person is wealthy or has a very high income, they can afford
>>> to make a mistake like letting cash sit around doing nothing. But
>>> most work-a-day people don't have that luxury. They have to have
>>> every dollar work twice as hard because they don't have all that
>>> many dollars to start with, and they are going to need a million
>>> or more in retirement funds to avoid starvation when they are 92
>>> years old.
>>>
>>> To summarize:
>>>
>>> - don't set up an "emergency fund" or "rainy day fund" unless
>>> you are wealthy or have a high income.
>>>
>>> - do pay every last penny towards credit card debt (and to other
>>> high rate debt that is above 7%).
>>>
>>> - don't incur new debt except for a primary home, and then, make
>>> sure that it is a reasonable debt that you can live with.
>>>
>>> - once bills are paid off, save like mad for retirement.
>>>
>>> - keep a credit card for emergencies.
>>>
>>> - try to minimize emergencies.
>>>
>>> - pay off the emergency bills as soon as possible.
>>>
>>> Avoid the rainy day fund trap if you want to get out of debt.
>>>
>>> -john-
>>>
>>>
>>>
>> I think it will be difficult to find a low risk, 4%+ bank account.
>> A better way (once all the credit card debt is paid off) may be to
>> have that 4-month money in a three or perhaps six month CD which are
>> currently paying above 4%. If a true emergency does arise, the CDs
>> can be tapped to pay off such emergency charges.
>
> Five-month (six aren't as good for some reason) CDs are pretty easy
> to find that yield well above 4%. I'm trying to park the proceeds
> from my house and found several, the highest I've found was with my
> CU, at 5.75%. For such a rainy-day, a short-term CD (amazingly
> higher interest than a long-term) should work, along with a few
> credit cards for emergency use.
>
>> Our preferred method for an emergency fund was to make extra
>> payments against the mortgage where the (extra) equity could be
>> made available in case of emergencies. Fortunately that never
>> materialized, but we did use the equity to buy a few cars - much
>> lower interest rate (especially after deductions) vs. conventional
>> loans. It's unlikely one will find a minimal risk investment
>> paying more than the mortgage interest, especially if the investor
>> is not using deductions via IRS long form.
>
> You could do the same with a slush fund. I never liked borrowing
> against my house, so didn't even for major repairs like a roof.
More fool you, it is the cheapest money available.
> That equity, in my mind, was always for housing.
==============================================================================
TOPIC: Free Printable Grocery Coupons
http://groups.google.com/group/misc.consumers.frugal-living/browse_thread/thread/73cd6f3d558b13ce?hl=en
==============================================================================
== 1 of 1 ==
Date: Sun, Dec 2 2007 9:53 am
From: "TheBestFreebies.com"
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--
The Best Freebies
All free products are available at http://TheBestFreebies.com/ and
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==============================================================================
TOPIC: Coinstar Warning
http://groups.google.com/group/misc.consumers.frugal-living/browse_thread/thread/0a78df299577cc2f?hl=en
==============================================================================
== 1 of 1 ==
Date: Sun, Dec 2 2007 10:08 am
From: krw
In article <475247c0$0$28870$4c368faf@roadrunner.com>, lshaw-
usenet@austin.rr.com says...
> krw wrote:
> > ;-) A friend had his SO's son take back his cans a while back. He
> > grabbed over $80. I kid the friend that those were only his Bud cans
> > for one weekend. The friend at one time had some thing like $35K in
> > quarters and SBAs. He lived off them for over a year.
>
> $35,000 in quarters and Susan B. Anthonies? Wow. I can only imagine
> how much more money he would've had if he had taken those and deposited
> them in some sort of investment account every year or so. It seems safe
> to assume that it would take something like 10 years to accumulate that
> many coins. The interest on $35K over a period of 10 years is a lot.
> (Of course, not all of it would be earning interest for that long, but
> you get the idea.) He might've been able to live off it for 2 years.
Well, he was hiding the money from the IRS, because of some "issues"
that were later cleared up. I don't remember all the details (some
business he was involved in, but not a principal), except that he
finally got them off his case.
It's also a tad easier to move $35K that's in a bank, too. $35K in
coin is rather heavy. The springs on a 3/4 ton truck were riding
pretty low!
I met another guy that claimed to have $75K, or some such, in coin in
55gal drums in his garage. He was a salesman had a side-business
owning weight-fortune and such machines in Interstate rest-stops. He
figured that no one could steal the money even if they knew it was
there. ...though I didn't know him and he could have been talking
though a secondary orifice.
--
Keith
==============================================================================
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http://groups.google.com/group/misc.consumers.frugal-living/browse_thread/thread/57894c2ba3cbda18?hl=en
==============================================================================
== 1 of 1 ==
Date: Sun, Dec 2 2007 10:28 am
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