Re: What are currently your best saving tips ? - Page 3

 

Rod Speed wrote

http://www.bcsalliance.com/creditcard_profits.html  

 



Thanks, that's surprising. First reference is 10 years old, and I didn't
see a date on the second one, but that's not the picture commonly
painted of American's cc habits.

 


yeah and 13% of all US mortages are at least a month behind in
payments, thats a all time historical high

 

a real cheapskate wrote

There was an even better one around, but its no longer on the web and
I was silly enough to not save it on my system while it was still available.


Not surprising given that the unemployment rate is about 10% and
about 20% would like a full time job and dont currently have one.

Even if they are all behind, and not all of them are, that still leaves a
majority doing fine repayment wise.

 

Smitty Two wrote

Yes, it surprises most when they hear about it.


But it that had changed, there would have been lots of howling about that change.


Yes, but particularly in a group like msfl, its something most of us do.

Not always tho, I personally built my own house from scratch myself,
and chose to fund it entirely with borrowed money, basically because
I was earning a better rate on the money I had in the stock market
than I was paying for borrowed money in the very early 70s and
was interested to see if it could be done. So I started using a credit
card to buy the first of the materials, and then got a loan on the
partially built house for the next lot of materials etc and did it that
way. The land came from the govt in a no deposit land purchase
scheme. I never did pay off the land early, because the interest
rate charged was so derisory, and I could earn a lot better than
that on it in the stock market so continued to do that after the
house was finished.