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    Iron Heart Fall/Winter 2025 Collection Preview - Now Live

    FINANCES (A Place For Discussion)

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    • L
      LandoCal126 0
      Banned
      Joined:

      Since there is no ebay thread, I figured I would post this here…

      ebay upped the max final value fee on ebay from $50 to $100

      9% final value fee + 3.9% paypal + shipping

      last edited by 1 Reply Last reply Reply Quote 0
      • SeulS
        Seul
        Joined:

        I haven't used eBay to sell anything for years now. I do still use it to buy items, though… Easy and cheap. You will btw all soon see what my latest purchase was... Hopefully tomorrow or Wednesday...  😛

        last edited by 1 Reply Last reply Reply Quote 0
        • Indigo QueenI
          Indigo Queen
          Banned
          Joined:

          I'm forced to live in an extension to my parents home for obvious reasons with my 2 Siamese cats.

          My only income is my sick benefit, half of which I give to my parents for food, electricity, general household, laundry etc

          My last ex boyfriend left me with a big credit card debt

          But I still manage to spend the change on the nicest clothes I can afford - my passion (I was the "junior" at Valentino in Sloane Street at 20 - most fun job I ever had!

          IQ 😘

          last edited by 1 Reply Last reply Reply Quote 0
          • L
            LandoCal126 0
            Banned
            Joined:

            Just paid off my MASSIVE CC bill last night. It went through today and all is good. I feel like the largest weight has been lifted!!! Now, I have to keep that thing in it's place…

            last edited by 1 Reply Last reply Reply Quote 0
            • madmondayM
              madmonday
              Raw and Unwashed
              Joined:

              good job Lando, them things are bad news  😠

              hopeful you can get a little emergency fund going & some savings now that you have that pesky monkey off your back.

              head high, middle finger higher

              last edited by 1 Reply Last reply Reply Quote 0
              • ?
                Guest
                Joined:

                Yeah…I try to leave behind my CC whenever I'm out and about and keep it at a distance when around the computer. (The act of seeking it out usually deters an expenditure.) They can get you in trouble.

                last edited by 1 Reply Last reply Reply Quote 0
                • L
                  LandoCal126 0
                  Banned
                  Joined:

                  @madmonday:

                  good job Lando, them things are bad news  😠

                  hopeful you can get a little emergency fund going & some savings now that you have that pesky monkey off your back.

                  Definitely the plan. Just deposited a nice chunk of change into my savings so yeah, mission accomplished atm.

                  @Shoreman:

                  Yeah…I try to leave behind my CC whenever I'm out and about and keep it at a distance when around the computer. (The act of seeking it out usually deters an expenditure.) They can get you in trouble.

                  I need to take a page from your book for sure!!!

                  last edited by 1 Reply Last reply Reply Quote 0
                  • SeulS
                    Seul
                    Joined:

                    Great job, Lando!..

                    I too have a CC card but I never spend what I don't have… I might go over say 100 €, has happened say 3-4 times since I got it (7 years ago), but in general I only spend what I have...

                    last edited by 1 Reply Last reply Reply Quote 0
                    • L
                      LandoCal126 0
                      Banned
                      Joined:

                      @Seul:

                      Great job, Lando!..

                      I too have a CC card but I never spend what I don't have… I might go over say 100 €, has happened say 3-4 times since I got it (7 years ago), but in general I only spend what I have...

                      Definitely a great rule to live by. Luckily some investments panned out and I was able to recover from certain CC death. Won't happen again!

                      last edited by 1 Reply Last reply Reply Quote 0
                      • O
                        Omega Man
                        Haraki san Student
                        Joined:

                        Good for you LandoCal26.  It is too easy to rack up CC debt, and it is a b_tch to pay it off.

                        In Canada, CC companies are required to provide their customers an estimate on how long it would take to pay off the entire balance if a client only pays the minimum payment each month.  For example, with a balance of ~$9500 at a rate of 9% ("preferred" client rate), it would take 83 years and 6 months to pay off.  That's an entire life time….... if it is at 19% (normal rate), it would roughly double!  CC debts are bad debts, it is best to pay them off sooner rather than later.

                        last edited by 1 Reply Last reply Reply Quote 0
                        • thomasnunnallyT
                          thomasnunnally
                          Joined:

                          @Omega:

                          Good for you LandoCal26.  It is too easy to rack up CC debt, and it is a b_tch to pay it off.

                          In Canada, CC companies are required to provide their customers an estimate on how long it would take to pay off the entire balance if a client only pays the minimum payment each month.  For example, with a balance of ~$9500 at a rate of 9% ("preferred" client rate), it would take 83 years and 6 months to pay off.  That's an entire life time….... if it is at 19% (normal rate), it would roughly double!  CC debts are bad debts, it is best to pay them off sooner rather than later.

                          This isn't necessarily true.  CC debt is actually one of the best debts to have because they cannot take anything from you (possibly sue if you owe that much).  One of the things I hope most people have learned after the recession is that taking out money on your house (this is what the US goverment tried to push as a much better alternative than credit debt) is the worst thing to do, because they can and will take your house away from you.

                          If you have decent credit cards, CC debt is easily the best debt to have, except of course second to student loan debt.

                          Out with the new! In with the old!

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                          • J
                            jacoavlu
                            Joined:

                            so to clarify, cc debt is the best kind to have if you plan to default?

                            last edited by 1 Reply Last reply Reply Quote 0
                            • thomasnunnallyT
                              thomasnunnally
                              Joined:

                              Well, that is one reason, but not the only reason.

                              I, in fact, consulted with some financial people at my university about consolidating my CC debt (admittedly, it is not much) into a single loan and they advised against it.  The actual rates you will get for the loans is not much different from the CC's and they explained it is certainly not good to use equity anymore.

                              The fact is that CC debt feels bad to the person in debt because they have to deal with it every month (again this is bad from one standpoint, but good in another because you want to pay it off).  Taking out equity masks the problem, and as such, you do not have to see it every day.  This is why many people ended up going into foreclosure when the housing market went downhill.  They put their debt into equity, and when their house was no longer worth what they paid for it, they were put in a very bad financial situation, espeically if you could no longer afford your house.

                              So in short, other than student loans, CC debt is actually the best debt to have, even if you do not plan to default.  In general, I would rather be in the situation where I would have terrible credit and owe money on CCs, rather than worry about someone foreclosing on my house or taking my car.  The amount you can charge on a CC is much less than you can accumulate through a loan or equity as well, so you are really limited in the amount of debt you can aquire.

                              This is my opinon (largely garnered from people in the field), and you do not have to agree.

                              Out with the new! In with the old!

                              last edited by 1 Reply Last reply Reply Quote 0
                              • J
                                jacoavlu
                                Joined:

                                ok, I disagree
                                no matter, its like arguing what's the best kind of hepatitis to have

                                last edited by 1 Reply Last reply Reply Quote 0
                                • SeulS
                                  Seul
                                  Joined:

                                  Definitely B.

                                  last edited by 1 Reply Last reply Reply Quote 0
                                  • StokelyS
                                    Stokely
                                    Joined:

                                    @jacoavlu:

                                    ok, I disagree
                                    no matter, its like arguing what's the best kind of hepatitis to have

                                    Bwahhhhahhhhhh!

                                    Aren't all kinds of hepatitis the best kind?

                                    last edited by 1 Reply Last reply Reply Quote 0
                                    • thomasnunnallyT
                                      thomasnunnally
                                      Joined:

                                      @Stokely:

                                      @jacoavlu:

                                      ok, I disagree
                                      no matter, its like arguing what's the best kind of hepatitis to have

                                      Bwahhhhahhhhhh!

                                      Aren't all kinds of hepatitis the best kind?

                                      It is probably best to ask Pamela Anderson!

                                      Out with the new! In with the old!

                                      last edited by 1 Reply Last reply Reply Quote 0
                                      • madmondayM
                                        madmonday
                                        Raw and Unwashed
                                        Joined:

                                        owing sucks no matter the terms.

                                        i have tier one credit & get great rates extended my way, so i never really considered would i rather owe type A or type B.  i just look at the APR on the CC or loan & decide if i want to do it or not.  guess i will give it more thought in the future  😶

                                        **student loans are only good cause you can write them off on your taxes to a certain point & it is considered as good credit because you are investing in yourself  🙂

                                        head high, middle finger higher

                                        last edited by 1 Reply Last reply Reply Quote 0
                                        • J
                                          jacoavlu
                                          Joined:

                                          A is actually the best, it is more of a temporary disease
                                          B would be my next choice
                                          C i would consider the worst, it more often leads to chronic liver disease including hepatocellular carcinoma
                                          there is a hepatitis D which is an odd one, doesn't really count

                                          last edited by 1 Reply Last reply Reply Quote 0
                                          • thomasnunnallyT
                                            thomasnunnally
                                            Joined:

                                            @madmonday:

                                            owing sucks no matter the terms.

                                            i have tier one credit & get great rates extended my way, so i never really considered would i rather owe type A or type B.  i just look at the APR on the CC or loan & decide if i want to do it or not.  guess i will give it more thought in the future  😶

                                            **student loans are only good cause you can write them off on your taxes to a certain point & it is considered as good credit because you are investing in yourself  🙂

                                            With all of your IH Gear I just assumed you were independently wealthy!

                                            Out with the new! In with the old!

                                            last edited by 1 Reply Last reply Reply Quote 0
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