Bichon Frise wrote:
This, in my opinion, is the attitude which gets so many in trouble. Oh, let me run up some spending on a credit card, it's ok, as I have the money to pay it off. And/or, 60 months same as cash on this new truck, cha-ching. I'll have the money in 5 years to pay it off. Heaven forbid something doesn't happen to you between now and then. A vehicle accident where you are at fault, the hot water heater breaks, the air conditioner break, your brother in law talks you into a "loan" to save them from being foreclosed on, you have medical emergency etc. This all sets you back, you can't it off by the time you THOUGHT you would and all that retroactive interest hits you at once. then, you're harping on your BIL to give you the money while he gets pissed at you because of his inability to pay it back. So, now you're paying interest and for netflix, and your family won't talk to you b/c you are somehow the a-hole in this whole ordeal.
Life isn't about trying to maximize the return on our money.
Whoa! why the attitude? I was debt free before the bonus surfing I'm just milking it for all I can. I've got the funds in the bank to cover the entire balance I'm just trying to get a little leeway on this since nowhere else has any return attached to it. My stuff is in order.
But I do understand the frustration with the number of people who think 'I'll pay it off later" and then get into trouble. They tell me about the screaming 0% interest deal they got on a car that will be worth half the amount by the time the loan goes through.
I am very tight with my money, which is why I'm content with this small return on a fully liquid investment.