Get out of debt brehs

winb83

winb83

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jwonder said:
I'm back fukking with these credit cards. :snoop: I notice that these cards are getting aggressive with the cash back. I just got AMEX Blue. You get 6% cash back on groceries, 6% on streaming sites, 3% on gas. Then when you spend 1k in the first three months, you get a $250 statement credit. On top of that, You get crazy dumb deals like if you spend $200 on a certain hotel you get $50 statement credit. $5 back if you spend $10 or more in your neighborhood. The deals are endless. This card is dangerous. :sadcam:



But on the real I'll be responsible and pay it when I get paid. The worst thing you is pay it at the end of the month. I still don't think credit cards are a good idea at all. You have to be disciplined. After being over 30k in credit card debit in my 20's, I am more than disciplined now.
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I usually pay my statement at the due date but a couple cards came through with 0% transfer offers for a year so I took them and bought a bunch of stuff. I don't charge anything to those 2 cards as I'm paying them down. I will have them paid off before the end of the year.

If you're undisciplined then it's probably best not to use credit.
 
JBone4eva

JBone4eva

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On Juneteenth I paid off my undergrad loans of a lil over 70k that I had been working on since '08, I'm pretty proud to have killed that one off :ehh: I still owe a healthy amount for my grad loans, but I'm on student loan forgiveness for working at a non profit so God willing that will be paid off in about 8 years.

I'm currently planning on paying my car lease off next month, I really want to minimize all of my monthly payments and I want to start going really hard on the car.

I love this thread ya'll :salute:
 
jwonder

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winb83 said:
I usually pay my statement at the due date but a couple cards came through with 0% transfer offers for a year so I took them and bought a bunch of stuff. I don't charge anything to those 2 cards as I'm paying them down. I will have them paid off before the end of the year.

If you're undisciplined then it's probably best not to use credit.
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Naw I can't wait till the end. It's a psychological thing. I pay my statement every time a get paid. Like half of the statement each paycheck. This has worked well for me.

If this card didn't have so many deals I would just have my one card that has only utilities on it:manny:


Most people aren't displined with credit cards and they know it. I bet they be so pissed that they can't get interest off me:mjlol:
 
T

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jwonder said:
Naw I can't wait till the end. It's a psychological thing. I pay my statement every time a get paid. Like half of the statement each paycheck. This has worked well for me.

If this card didn't have so many deals I would just have my one card that has only utilities on it:manny:


Most people aren't displined with credit cards and they know it. I bet they be so pissed that they can't get interest off me:mjlol:
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true to an extent but credit card companies make money from merchant transactions every time you use it.

They’re not dumb. They run and own the game......
 
Dolla$

Dolla$

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jaguar paw said:
I’ve been debt free for about 2 months now.

Getting that weight off my back is doing wonders for my mindstate.

I feel like an actual adult now with unlimited financial power.
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No mortgage or student loans?
 
cjt11203

cjt11203

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I've been in debt pretty much my whole adult life. Dropped out of college after two and half semesters and owed about 8k in student loans. Was working a bunch of shytty jobs and got a credit card. Couldn't keep up my bills so I started racking debt on that too. Before I joined the military my CC debt wasn't too bad owing a little less than 2k and I actually paid it off a few months after I got to my first base. I then proceeded to get into more debt by buying a car (15k at 9% APR) which I couldn't afford mostly because of the crazy amount I had to pay for insurance (370/month) due to being a new driver. I got into all types of debt maxing out that original credit card, opening up other credit cards and running up the balances on those, and financing dumb shyt. I knew I had to pay that shyt off eventually since I knew I didn't want to stay in the military but I didn't have discipline and when I get depressed I get into this fukk it mindset.

I got lucky and got an assignment to Korea and took that as an opportunity to get my shyt together. I had very low expenses and got even luckier financially with COVID. I leave Korea next month and I have since paid off the hotel I financed last year, 3 out of four credit cards, and my car. All I have left is my student loans(5.7k) and my oldest credit card(3.2k) the latter I should pay off by the end of this year or sooner. After that, the last thing I need to do before I get out of this Air Force is building decent-sized emergency savings which I would have plenty of time to do.
 
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