HappyCat
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Smiling's my FAVORITE!!
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Oct 25, 2011 12:16:02 GMT -5
Post by HappyCat on Oct 25, 2011 12:16:02 GMT -5
murpath: Thanks and YES! I had enough points to get a $100 credit on my cc bill. I am not worried about this little bit of debt I have. I recently received a 32% raise in Sept and I am paying $750 per payday. I will knock it out after the holidays and things will start to smoothe out again. If I were out charging things that I had no way to pay back or didn't have a plan that would be different. I know what is important to me and what my priorities are. I know that I am not at the mall spending wildly on indulgences for myself. I know that Mr. Cat pays all the expenses at our house and maintains a nice EF so that I can use all of my income to focus on helping my DDs through school. I know that this time will not last forever and it is an investment in the futures of my daughters. I know that I am appreciated and loved (well...my SisCat does take advantage but that's another story) and that my daughters are excellent human beings that I am SO proud of. They both work hard and pay (most) of their living expenses. I am glad to do these things for them. If that doesn't fit into someone else's small vision of debt and re-payment I'm sure there is a lake they can jump in. I remain the Happiest of Cats!
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sarcasticgirl
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Oct 25, 2011 12:16:43 GMT -5
Post by sarcasticgirl on Oct 25, 2011 12:16:43 GMT -5
i think the reason people are getting defensive is because there seems to be a "if people aren't doing things EXACTLY as I'd do them, then they are WRONG" conotation.
and there's certainly no realization that not everyone has the exact same goals... therefore the process isn't the same for everyone.
the individuals that are so un-tactfully being called out have eliminated a large quanitity of debt. it's one thing if we were talking about people who's debt is going up... but if someone who has gotten rid of half of their debt goes and buys a freaking pair of boots, WTF is the problem?
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gidgetc13
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Debt
Oct 25, 2011 12:19:01 GMT -5
Post by gidgetc13 on Oct 25, 2011 12:19:01 GMT -5
Twinmamma - I totally get where you are coming from. I get frustrated when I see people post about how great they are doing with their debt payoff, but their "non-racing" credit cards really took at hit this month! What? I am a believer that you have to stop using the CCs to get out of debt. I got really frustrated during the CC debate on the MW board because it seemed like poster after poster had some excuse for why they need to use credit cards and why it isn't a bad thing. Some of those women had just racked up thousands more debt on a credit card, one of which had just "won" her race. I just did not understand the logic. The one poster justified using her CC because she had finished paying off $XX amount in so many years. But did you really learn anything if you are still using a CC??? It frustrates me but I have learned that other people just think differently and not everyone is as dedicated to being debt free as some of us are. Some of the responses I saw during the CC debate and the can you really be totally debt free? debate on the MW board made me kind of not want to post there anymore other than my updates. I know finances are pretty personal, but we come here for advice and help and the ultimate goal is supposed to be to get out of debt, so why are you biting my head off for telling you that you really should stop using your credit card??
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salserabarby
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Debt
Oct 25, 2011 12:21:30 GMT -5
Post by salserabarby on Oct 25, 2011 12:21:30 GMT -5
when did i or twinmama say that??? There's no right or wrong way but if you keep getting into debt then your being hypocritical. It's like saying you want to lose weight but your stuffing your face with high calorie, fatty food all day long. Guess what? It's not going to happen.
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Rocky Mtn Saver
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Debt
Oct 25, 2011 12:24:10 GMT -5
Post by Rocky Mtn Saver on Oct 25, 2011 12:24:10 GMT -5
Message deleted by entlzha.
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sarcasticgirl
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Oct 25, 2011 12:26:42 GMT -5
Post by sarcasticgirl on Oct 25, 2011 12:26:42 GMT -5
i revised my post and added another comment.
the people that are being called out in this thread are people who are still making progress at eliminating debt! she called out someone for buying boots, half of their debt is gone and ON NO, they bought boots!
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HappyCat
Familiar Member
Smiling's my FAVORITE!!
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Oct 25, 2011 12:27:39 GMT -5
Post by HappyCat on Oct 25, 2011 12:27:39 GMT -5
Gidget: I don't know if you are referring to my "win" but I just want to add that I DID plan and save for my DD's educations and emergencies because I KNEW I wanted to help them through school. I was not prepared for the enormity of the things that happened to me. My medical bills were an extreme situation and topped off with over a year of unemployment. I am not making excuses I am just saying that LIFE HAPPENS and I shouldn't be crucified or expected to abandon my daughters (their dad already did that) because I had to go to Plan B.
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sarcasticgirl
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Oct 25, 2011 12:35:29 GMT -5
Post by sarcasticgirl on Oct 25, 2011 12:35:29 GMT -5
Twinmamma - I totally get where you are coming from. I get frustrated when I see people post about how great they are doing with their debt payoff, but their "non-racing" credit cards really took at hit this month! What? I am a believer that you have to stop using the CCs to get out of debt. I got really frustrated during the CC debate on the MW board because it seemed like poster after poster had some excuse for why they need to use credit cards and why it isn't a bad thing. Some of those women had just racked up thousands more debt on a credit card, one of which had just "won" her race. I just did not understand the logic. The one poster justified using her CC because she had finished paying off $XX amount in so many years. But did you really learn anything if you are still using a CC??? It frustrates me but I have learned that other people just think differently and not everyone is as dedicated to being debt free as some of us are. Some of the responses I saw during the CC debate and the can you really be totally debt free? debate on the MW board made me kind of not want to post there anymore other than my updates. I know finances are pretty personal, but we come here for advice and help and the ultimate goal is supposed to be to get out of debt, so why are you biting my head off for telling you that you really should stop using your credit card?? i was part of that discussion and i saw no one bite your head off. I saw an interesting discussion about how different people use CC and what different plans are. if you never want to ever touch a CC again then, awesome! if someone wants to use a CC smartly and to their advantage, then awesome! why is either so bothersome/frustrating?
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Rocky Mtn Saver
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Debt
Oct 25, 2011 12:45:56 GMT -5
Post by Rocky Mtn Saver on Oct 25, 2011 12:45:56 GMT -5
The one poster justified using her CC because she had finished paying off $XX amount in so many years. But did you really learn anything if you are still using a CC??? It frustrates me but I have learned that other people just think differently and not everyone is as dedicated to being debt free as some of us are. I think I've learned a lot in the past three years of becoming debt free, and I still use a credit card. I haven't paid a penny in interest on it all year, and the mileage points paid for my cross-country flight last month and my textbooks next semester. And I'm still debt-free. I maintain my goal to remain debt-free, no less than you do. I hugely respect those who have made the decision to not use credit cards for their personal reasons, and I would hope that they respect my decision to use one as a tool.
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gidgetc13
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Debt
Oct 25, 2011 13:17:42 GMT -5
Post by gidgetc13 on Oct 25, 2011 13:17:42 GMT -5
I think a lot of things get lost in translation on these message boards. Happycat, I was not referring to you, just so you know. I feel like sometimes you think everyone is attacking you, when that is not always the case. Everyone has different opinions and everyone finds things that work for them. I, like twinmama follow Dave Ramsey's plan. I don't agree with using CC, even if you pay them off every month. If that is what other people what to do, that is their personal decision. I personally would rather just pay for things with cash now and not have that credit card bill come in the mail later. It goes against my logic to borrow the money, even if you pay it off, so that bothers me. It is just how I am
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sarcasticgirl
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Oct 25, 2011 13:25:01 GMT -5
Post by sarcasticgirl on Oct 25, 2011 13:25:01 GMT -5
i completely respect that point of view...
but why does it bother you if OTHER people have a different logic?
i haven't paid a dime of interest on my CC. i use it for most expenses and have earned enough points to help with an emergency plane ticket to texas for a funeral, new shelves for our living room when the leg on a piece of furniture broke, a giftcard for kohls for a new dress and some gift cards for christmas.
i am not frustrated by someone who pays cash for everthing so i truely honestly don't understand how a person using a CC in a means like this is so frustrating to a person who doesn't use one at all.
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HappyCat
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Smiling's my FAVORITE!!
Joined: Jan 15, 2011 21:26:20 GMT -5
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Debt
Oct 25, 2011 13:42:18 GMT -5
Post by HappyCat on Oct 25, 2011 13:42:18 GMT -5
Yes, I agree with sarcastic girl! I think it's fabulous that Gidget has the discipline and fortitude to live "cash only". That is something to be PROUD of. This thread was started by the OP absolutely slamming folks who use their cc's while trying to pay down debt. Yes, I did feel "called out" because of the specific reference to mothers who pay for their daughters tuition on their cc. How could I not? It is 90% of the reason I have another race. I admit that I am extremely defensive about this topic because I have been slammed before. Why on earth does anyone really care how I or anyone else finances a child's education? Also, I was very reluctant to even start Race #2 for this exact reason. However, I wanted to keep myself accountable so here we are.
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regina24601
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Debt
Oct 25, 2011 14:01:47 GMT -5
Post by regina24601 on Oct 25, 2011 14:01:47 GMT -5
Here's my take (as someone who is fighting debt, but not with gazelle intensity, and has had lots of backsliding, especially recently): I disagree with twinmama's heavy handed approach here. Whether she means to or not, her posts do come across as judgmental and unhelpful in this thread. (I still love you, though twinmama - keep reading!) People come here to get rid of debt, but as we can see, that takes many different forms. Some are laser-focused and want it GONE. Others just want a place where they can hold themselves accountable while they try to live their lives and, oh by the way, get rid of debt (that's the category I fall into). I'm afraid that if we start demonizing people who start charging again, we're going to lose half (or more) or our members. I include myself there - I certainly don't want to participate in a forum where people are constantly harping on me and calling me out for all of my mistakes. I hold MYSELF accountable - and any backsliding that I do, and that I post with my update, I've already beaten myself up about quite a bit in real life. I don't need my cyber friends to also take up their stones and start pelting me more. That said, I do look for encouragement from people. Gentle reminders of why we're here, and why we post here. I also look for ideas and perspectives from other people. Even if I disagree with your ideas or if they're not feasible for me or if they don't fit in with my own values, I am open to suggestions. I think this is key. In my perfect, utopian, ProBoards world, everyone would hold themselves accountable, we would all encourage each other and use gentle words to each other when we veer off course, we would offer up ideas for how to handle things better, and we would each listen to others' advice, and then decide whether or not we want to use it. I don't post as much as I read, but I really do #heart# this board. I don't need to be ripped to shreds when I make mistakes (even if I do so continuously), but I do need a community to remind me of what my goal is. And I need lots of different perspectives so I can see how everyone else is handling their unique situations. Just my two cents...
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Rocky Mtn Saver
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Oct 25, 2011 15:46:15 GMT -5
Post by Rocky Mtn Saver on Oct 25, 2011 15:46:15 GMT -5
I, like twinmama follow Dave Ramsey's plan. I don't agree with using CC, even if you pay them off every month. If that is what other people what to do, that is their personal decision. I personally would rather just pay for things with cash now and not have that credit card bill come in the mail later. It goes against my logic to borrow the money, even if you pay it off, so that bothers me. It is just how I am And since Ramsey's payoff method does not stick to the mathematical best-practice of paying off debts based on interest rates, I could just tell you that you're doing it all wrong. But I respect and understand the idea that there is also an emotional and mental component to debt and debt payoff. So, while I don't subscribe to the same outlook on debt repayment, I respect the decisions of each person to determine the way and time they want to pay their debts off. If Ramsey's method costs them some money in interest, but it fits their particular psyche better, then hey, more power to them! If someone is more hard-lined about debt payoff than I was, that's fine too. Or if they want to have a life while paying off debt, that's okay. I believe that everyone here is trying, to the best of their current emotional, physical, and financial ability.
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salserabarby
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Debt
Oct 25, 2011 16:41:41 GMT -5
Post by salserabarby on Oct 25, 2011 16:41:41 GMT -5
I agree with you. I like and listen to like Dave Ramsey, but don't necessarily follow him all the way. I understand where he's coming from on some of his "rules". Like he advise not to use credit cards ever, I think it's based on the fact that if you've been irresponsible with money and credit at some point in your life, it will be too tempting to fall back. It's like an addict is advised to stay away from drugs or alcohol.
I do use credit cards for the rewards, but I use them exactly as I would my debit card. I have a budget and mostly stick to it. I have a running balance of my cashflow so I know well ahead of time if I have enough money to last through the month (I usually project at least 4 months ahead).
And like you mentioned, I paid off my debt in order of highest paying interest amount. Because I'm a numbers person that made me happy.
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Rocky Mtn Saver
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Oct 25, 2011 17:06:44 GMT -5
Post by Rocky Mtn Saver on Oct 25, 2011 17:06:44 GMT -5
Yes, that's pretty much the way I understand Ramsey's logic about debt and credit cards as well. And I think it's very, very appropriate for some people, but unnecessary for others. While alcoholics may need to avoid liquor the rest of their lives, people who simply drank alot in college do not necessarily need to. It can be the same with debt, just depends on the person. Two of my best friends recently went credit-card free, and it's working great for them, and I'm thrilled! But I don't think that they look down on me for using a credit card either.
FWIW, I made my own order of debt paydown, kind of splitting the difference between emotional needs and financial sense. Smallest debt first, then the most hated debt, then highest rate to lowest rate. I also took several vacations during my debt paydown, built my savings, increased retirement contributions, and bought a gadget or two. For me, it wasn't about a crash diet as much as it was about learning to live a healthier lifestyle.
I read and watch several different sources of personal finance advice, and glean what I feel is of value to me from each of them. Then I tailor that to fit my own needs. Methods and advice are, in my opinion, not one-size-fits-all.
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lulu0312
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Debt
Oct 25, 2011 17:53:59 GMT -5
Post by lulu0312 on Oct 25, 2011 17:53:59 GMT -5
i was part of that discussion and i saw no one bite your head off. I saw an interesting discussion about how different people use CC and what different plans are. if you never want to ever touch a CC again then, awesome! if someone wants to use a CC smartly and to their advantage, then awesome! why is either so bothersome/frustrating? I was part of that CC discussion as well, and I agree completely with you, Sarcasticgirl! Different strokes for different folks. There are plenty of comments that I don't particularly agree with on our board, but I am very aware that MY way isn't what's best for everyone, nor would their way necessarily work best for me. The world isn't black and white, and neither is debt reduction. We have no real way of knowing each person's exact situation, and I feel there's no point in being quite so harsh and judgmental. regina - Very well said!!
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Deleted
Joined: May 2, 2024 16:02:53 GMT -5
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Debt
Oct 25, 2011 19:09:07 GMT -5
Post by Deleted on Oct 25, 2011 19:09:07 GMT -5
I have to say that in my 4.5 years on this board, this is the first time I have ever seen a WIRR publicly bang on another poster like this. As others have said, there is no right way to get out of debt. Some of us are single, some are not, some have kids, some don't, some have high incomes, some don't, etc etc etc.
If the OP is so "gazelle intense", why isn't she selling her designer gear to get out of debt faster? If it's all such good value for money, surely she can get good money on the resale, right?
Again, as others have said, there is no right way. Personally I don't give a carp about that ugly brown plastic crap, I think it's beyond hideous, and I live in the land of it. But why is it OK for the OP to have gotten into debt for it, but it's not OK for somebody else to get into debt for their child's education? Maybe if the OP hadn't been so in love with all that designer gear she would have more recent cars? Because one of these days she or her DH may need to replace one of the old cars she is bragging about and (horrors) maybe even get a car loan.
Given how judgemental she is, I wouldn't want to be her when that happens. Needless to say, those cars are not going to last forever.
Also, I think the OP was too busy not minding her own business to actually read the answer from the OP that explained that the child in question is still a HS student, and that this will save on college fees down the road. The OP has small kids, let's see if she puts her money where her mouth is when they're older.
After 4.5 years here, obviously I see things I don't agree with too (although that is not one of them.) But shame on the OP for calling somebody out like that simply because they did something you wouldn't do.
Twinmama, just curious, who made you the goddess of debt repayment?! Or of parenting, for that matter?!
PS Even when I don't agree with things people do, I always think, thank goodness we're here, because imagine how much worse it could be if we weren't, and if the poster didn't feel "accountable" and wasn't (in their own way and in their own time) paying down their debt.
This comment was NOT meant for the poster the OP is referring to.
OP, if you want a bunch of hard-core DR fans, you'd probably do better to stick to DR's site / forum / whatever. Just make sure you are "gazelle intense" enough.
Because people in glass houses shouldn't throw stones. Right?
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Deleted
Joined: May 2, 2024 16:02:53 GMT -5
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Debt
Oct 25, 2011 20:08:41 GMT -5
Post by Deleted on Oct 25, 2011 20:08:41 GMT -5
PPS From DR: "Sell everything that isn’t nailed down."
So, Twinmama, be honest now. Are your LV / Gucci / Prada / Coach things really nailed down?!
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seriousthistime
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Debt
Oct 25, 2011 20:57:34 GMT -5
Post by seriousthistime on Oct 25, 2011 20:57:34 GMT -5
Really, ladies, this is a lot of harsh talk here. Happy Cat, I am pretty sure that twinmama was not talking about you. There was a more recent poster that I thought her comments were directed toward. Part of the problem is that people just say what they're going to have to put on a credit card, and oh well. If people don't explain themselves more fully, it's easy to be misunderstood.
Debthaven, I have also been around for at least 4.5 years on the WIRR (actually, since it was a blog and there were a select few women in red which is probably more like 6 or 7) and I have seen people get these sorts of comments and worse. It has irritated me, and I have said it before, that when certain favorite posters post something, we go all easy on her, but if it's someone who isn't as familiar to us, for example someone who is relatively new and still learning the ropes and finding the right level of discipline, then -- let the fur fly! If it's someone for whom we have the warm fuzzies, then we get mealy-mouthed and soft-soap what we say, including virtual pats on the back.
None of us walk in exactly the others' shoes (or $100 boots, as it were). They say about church-goers who are not perfect that church is for sinners, not saints. I think we could say about the posters here that the WIRRS are for those who want to pay off debt, not for those who have every aspect of their sometimes crazy, irrational financial lives in order.
As I said, I do have my pet peeves here. Bankruptcy, simply because it is inconvenient to pay off the debt. Short sale or foreclosure simply because even though you can afford it, the grass is greener someplace else. People who can barely make minimum payments on the debt yet spend $200 per month on cigarettes.
Twinmama has been attacked at least as much as anyone else here. Can we call it even, agree to agree on a common goal and disagree about the best way to reach that goal?
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phil5185
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Debt
Oct 25, 2011 21:09:02 GMT -5
Post by phil5185 on Oct 25, 2011 21:09:02 GMT -5
AUTHENTIC Louis Vuitton bags ARE NOT PLASTIC! it is handmade, hand stitched, hand punched leather! A common mistake - hand stitched, hand made, yada. Saddles, purses, boots, etc. From an engineering standpoint, machine-made products are superior - uniform stitches, uniform strength. 'Hand-stitched' simply means that it came from a country that has an excess of cheap labor.
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sarcasticgirl
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Oct 25, 2011 21:54:57 GMT -5
Post by sarcasticgirl on Oct 25, 2011 21:54:57 GMT -5
AUTHENTIC Louis Vuitton bags ARE NOT PLASTIC! it is handmade, hand stitched, hand punched leather! A common mistake - hand stitched, hand made, yada. Saddles, purses, boots, etc. From an engineering standpoint, machine-made products are superior - uniform stitches, uniform strength. 'Hand-stitched' simply means that it came from a country that has an excess of cheap labor.[/quote yeah, LV has also stated that part of the process in making their bags is done by sewing machine.
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HappyCat
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Smiling's my FAVORITE!!
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Oct 25, 2011 22:26:42 GMT -5
Post by HappyCat on Oct 25, 2011 22:26:42 GMT -5
Twinmama: This thread has gone horribly wrong and needs to be LOCKED and buried in the depths of the WIRR basement. I understand where you were coming from and it's easy to make judgment on others when you have not walked in their shoes. There is no right way or wrong way to handle debt and to each his own. Let's just agree to disagree and be WIRR friends. How is your little guy doing? Has he had his surgery yet? That's the ONLY thing that's really important right now!!! Hey! Does anyone want to see what I bought myself for my birthday last week??? www.dooney.com/OA_HTML/ibeCCtpSctDspRte.jsp?section=54007&DNBPI=4uDlRlIz0les_GKVGtPeuu9m:S&DNBPI_pses=DNBPI%3D4uDlRlIz0les_GKVGtPeuu9m%253AS%7EIt's awesome and I love it! I had a 25% coupon and paid cash (Mr. Cat paid half!) I've withdrawn my RACE#2. I hope everyone stays safe this winter. Keep up the good debt destruction. Peace Out HappyCat
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mizbear
Senior Member
Stand back. I have a budget, and I know how to use it.
Joined: Jan 2, 2011 13:12:46 GMT -5
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Debt
Oct 25, 2011 22:49:22 GMT -5
Post by mizbear on Oct 25, 2011 22:49:22 GMT -5
If you hit Boscov's during their purse sales- you can find Dooney and Burke on CLEARANCE! DM bought TBear and ZBear D&B purses on clearance last year. Paid $6 for one (originally $60 and the other was originally $75). I think that it is a given: Some suggestions are going to work for some posters and not for others. We will not always agree. What works for some of us- will not work for all of us. We do not all like Louis Vuitton, Prada, Gucci, Vera Bradley, Nine West, etc We do love each other and want to help in that sisterly way that we try to. There will always be that one poster we want to take a ledger book and a budget program and bludgeon. Success will be a lot sweeter with friends. Victory will be a lot easier to maintain with friends. No amount of money can buy the bond of friendship. Nothing is better than repaying the debt of kindness.
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twinmama85
Well-Known Member
Have a blessed New Year!
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Today's Mood: Blessed
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Favorite Drink: Wine
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Debt
Oct 25, 2011 23:48:33 GMT -5
Post by twinmama85 on Oct 25, 2011 23:48:33 GMT -5
ooooooo i struck a nerve on this thread!! i do appreciate the yays,nays, and the flat out cruelness that was given to me. it helps build character and i know that i could use all the help i can get! im not perfect, happycat i think its awesome you go this far out of the way for your kids, i have no issues you paying for your kids tuition or anything, i just wish you would have saved for it instead of putting it on your CC and having to take time to pay it off since this happened right after you paid off your debt. maybe instead of putting so much to debt repayment, you put money to a savings acct for the next semester since you know it will be coming? yes life happens...i understand that, but you guys dont see NFL coaches patting their quarterback on the back and telling them its ok for throwing multiple interceptions. salserbarby that is exactly what im saying..its a getting out of debt board, not getting into deeper debt board phil SHUT UP! one reason their stuff costs so much to begin with is because they make their stuff the same way they did back in the 1800s, by hand by a master sewer(?)and you cant deny their stuff lasts a really long time! my purse over a 20 year period will probably cost me pennies a year because i wont have to buy a new one ever year or so cause the cheapy one fell apart. also everyone has there "thing" (some like harleys, some like diamonds, some like quilts, i happen to like louis)whats your thing? sarcastic im really sad that you are so mad at me, your comments affected me the most. it isnt the stuff that was bought (said person seems to slip or have excuses a lot, maybe cause shes young?) the person has paid off a good amount of debt, but doesnt seem to be "getting it" i mean this by saying, it isnt just about being "debt free" its about changing your behavior and life. if you cant differentiate between a need vs a want, then you havent changed your habits. now yes, people slip, we are human its nature, i understand that, but would it not irritate you if i was always saying, man, i have so much credit card debt, i hate it so much, but then turn around and go buy things i dont need and celebrate it with people who are supposed to be keeping me in check? its just like when you lose weight, i used to be 70lbs heavier than i am (this was when i was like 17) and i made a LIFESTYLE change, it wasnt about being skinny, it was about doing a 180 on my health. i lost the 70lbs in about 5 months or so ( i cant remember) and it wasnt done by a fad diet or not eating, it was done with a balanced diet and exericse that included cardio and weight lifting. that journey was about changing my lifestyle. debthaven you gave a doosey of a post, but i will try to answer all your questions and/or comments......you said at the end of your post Because people in glass houses shouldn't throw stones. Right? but didnt you just do it with your really nasty comments?i didnt call anybody out by name, i didnt say they were stupid, i didnt say they should leave the board, i stated situations. also, i didnt say people were bad parents nor did i say that i was the goddess of parenting or debt. but if you feel the need to flame me that way, thats cool, more power to you, i gotta take what i gave right? this statement...WOW i must be a real shallow blonde woman...(why do you gotta put louis down so harshly?louis vuitton never did a thing to you) Again, as others have said, there is no right way. Personally I don't give a carp about that ugly brown plastic crap, I think it's beyond hideous, and I live in the land of it. But why is it OK for the OP to have gotten into debt for it, but it's not OK for somebody else to get into debt for their child's education? i didnt get into debt with my designer items and they were purchased way before i learned about budgets. if i were that shallow, i would have more than 1 of em and not give a damn about if i had CC debt or not. ok, even financial experts say not to go into debt for your kids education, but rather to focus on retirement so your kids arent stuck having to care for you. also, how in the hell do you know if i If the OP is so "gazelle intense", why isn't she selling her designer gear to get out of debt faster? If it's all such good value for money, surely she can get good money on the resale, right? or not? i tried, but my DH put his foot down because it was a gift from him when i graduated basic training for the air force last year. he also wont let me sell our solid oak tv stand we bought right before we dove into this. i honestly tried to put my purse, wallet and sunglasses on ebay, but he refuses. Also, I think the OP was too busy not minding her own business to actually read the answer from the OP that explained that the child in question is still a HS student, and that this will save on college fees down the road. The OP has small kids, let's see if she puts her money where her mouth is when they're older. first, minding my own business? how does that make sense since it was posted as a public comment? second, i wasnt even talking about that person, its okay though, you like to assume things. just like how you assumed i got into debt with my designers items or that im not gonna take care of my children's education. i do have small kids, they are twins (hence the name) and instead of finishing college after i get out of the military, im going to doing to do it while im active duty so i can split my GI bill between my kids as well as start 2 ESAs for them once i am debt free. im not quite sure why you are flaming me on my kids???could you explain this one? you are making me sound like i only care about myself and wont take care of my children with that statement Maybe if the OP hadn't been so in love with all that designer gear she would have more recent cars? Because one of these days she or her DH may need to replace one of the old cars she is bragging about and (horrors) maybe even get a car loan.oh yes, my lovely cars...i DO love my acura and i do brag about it! come on, how many people can honestly say that they drive a car with 233,000+ miles on it and that it runs great with original transmission and engine? not many! its exciting every day to see that thing still go and go! we could get newer cars if we wanted to, but we dont because to (this is mostly from a mechanical POV) my DH drives the car 60 miles a day, i dont want to put those kind of miles on a new car because the wear and tear just tears it down and reduces its resale value...would you want to buy a car 2 year old car with 80,000 miles on it? probably not. besides, we keep up on it and if starts to do something funny (like knock or the tranny slip or any other sings of malfunction, we research it and find out what could possibly be wrong) i did have a major repair this summer, the radiator had a huge leak, luckily (and i actually attribute this to this board, not Dave ramsey because i was on the board first) i had my baby EF to fix it, to the tune of $637. runs great now! i do have a car loan and like i said, i was in the process of selling it but it is now upside and i will have it paid off by next year. we wont be picking up another car loan (sorry phil, i just dont understand the logic here, especially right now as i have a car loan)ill probably buy another beater (definitely with less than 233,000miles on it) til i can afford to buy something nicer. im cool with that, it just means i get to keep my money and the day i get to walk up to someone with $15,000 to buy something is gonna be awesome!! (phil, you cant deny that it wouldnt be cool buying something expensive with cold hard cash i know where you stand on auto-loans )lastly, i think i am looking for hardcore debt re-payer fans and i know im not getting it here, but some things you ladies (and some gents) spout off is really helpful (like when i found out my son is going to require surgery so he doesnt lose his kidney) PS -- my purse isnt brown, its white with a matching wallet. sunglasses are brown though since black is harsh against my skin tone murpath they authentic ones arent plastic i promise you...the ones made in korea or china, those are fake as a $3 bill and are probably made with coke bottles.. you know how you can spot a fake multi-color bag? the fleurs diagonal from the LV logo are the same color as the LV. {after i learned this, i spot fakes EVERYWHERE and it makes me grin because some of these girls can be really snooty, but they are carrying a fake designer} gigtec i agree 100% with your post...im starting to not want to post here anymore either AND BEFORE SOMEONE SAYS I DONT HAVE TO POST HERE, I KNOW I DONT. regina thats fine you think im being judgmental and such, but you said I hold MYSELF accountable this is a legit question, how are you holding yourself accountable if you keep doing it?im not referring to slipping 1 time, but multiple times and not changing. (im not referring to you, i just mean in general) do you not want someone there, telling you hey, you need to evaluate yourself?
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HappyCat
Familiar Member
Smiling's my FAVORITE!!
Joined: Jan 15, 2011 21:26:20 GMT -5
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Debt
Oct 26, 2011 0:11:52 GMT -5
Post by HappyCat on Oct 26, 2011 0:11:52 GMT -5
Twinmama: I don't know how much you remember about me from the Midwest Thread but to respond to your statement: In Feb 2011 (not too long before I won my first race) I took a major pay cut to get out of the 2 hour commute per day that was wrecking havoc on my life and well being. It was my choice but I underestimated the effect it would have on my finances and seriously struggled with cash flow but managed to keep the debt at zero until August. You know the issue with my sisters three kids and we have all agreed that I spent too much on their back to school books, clothes, shoes, supplies, etc. I also had (for the first time) two kids in college (not one) and their tuition/books/fees were all due in August. The financial aid for my DD#1 fell through at the last minute and we worked to get it straightened out but in the end the aid fell short about $1400. (Also, NO help from their father which is a lovely added bonus!) It is her last semester and I wanted her to finish so I put it on a cc with 0% interest. It was just a lot of things that piled up in August...all individually important and needed to be taken care of. I used my cc's because I knew I had a huge raise starting in September and I would be able to pay the debt down rather quickly (my payments to debt will be $750 every payday). I am also working an extra project in Nov-Jan to reduce debt and add savings which will help. So, while it was not ideal...i didn't see it as the end of the world either. DD#1 graduates in December (debt free) and those expenses will fall away for good; I have reigned in my help with SisCat and DD#2 is at the local community college taking gen eds. She will receive a 1/2 tuition waiver once she transfers to the university (a benefit DD#1 was not eligible for until this semester). So, there is light at the end of the tunnel and it is going to start smoothing out with the old cash flow. I absolutely agree that I should be saving for future expenses but it hasn't been easy with the reduced income and the large expenses that came my way. Now that I have the raise I will be able too save more and I am so grateful for that! I am not defending myself nor do I feel that I need anyone's approval. I'm just stating the facts. Again, we all have our own ideas and ways of handling financial pressure in our lives. To each his own...and that's all I have to say about that. PS. You didn't say if you liked my purse or not? haha Seriously, when it's all said and done I am truly praying for your son and hoping that his surgery is a success!!
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twinmama85
Well-Known Member
Have a blessed New Year!
Joined: Dec 28, 2010 9:48:38 GMT -5
Posts: 1,627
Today's Mood: Blessed
Location: Home
Favorite Drink: Wine
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Debt
Oct 26, 2011 0:28:43 GMT -5
Post by twinmama85 on Oct 26, 2011 0:28:43 GMT -5
happycat i know your situation, all of it that you stated and i stand corrected concerning the tuition for 2 kids. i know you took the pay cut cause your life was wrecking havoc on your marriage and your sanity (werent you guys about to split at one point?) the sister, yes, that situation is done and over and so is putting it on your CC...i just really really dont want you or the other person (famous person on your board) to go back into so much debt with credit cards because you came so far and pushed so hard. i know i dont know everything about your life and if you couldnt put money aside for the expenses (you said fasfa covered most, so this was kinda a first time?) then what can you do?you love your kids (who doesnt?) and i dont shame you..i just REALLY wish you wouldve been able to cash flow that one because it happened RIGHT after you paid off your big debts.
i agree, you dont need my approval or anybody for that matter...the whole point of this post was because i REALLY needed to vent about things that had been driving me crazy as of late. if i came off as judgmental or harsh, i apologize and i was wrong for being that way. on the other hand, i hope you see my point and the point is, 'why are you complaining about having so much debt, yet you applaud yourself for getting further into it' (that was not in reference to you at all, just my point)
im not a huge fan of dooney bags (dont hate em) either because like coach, they cost a good amount of money but are made in the same place as cheapy bags, that said, i really love the natural color one they had, its very classy and i would love to buy my mom one but i already got her a hangbag from Maxine Couture (it was like 90% off because of the Today show)
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reeneejune
Established Member
Joined: Dec 20, 2010 19:49:40 GMT -5
Posts: 430
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Oct 26, 2011 2:35:16 GMT -5
Post by reeneejune on Oct 26, 2011 2:35:16 GMT -5
Slightly off topic - how is it classy or cool to be a walking billboard for a company? Grain of salt - I've had 3 Nine West bags in the last 10 years, each purchased at Ross for $20 or less, none of them with anything more than a small tag with the brand name. I got my first one because I needed to appear slightly classier than a poor kid from the backwoods for my college part time job. I've kept buying them because they last and they're not covered in logos. My sister has been carrying the same $3 purse for the last 10 years and was devastated to have to buy a new one this year. Oh, and my current Nine West? Gift from my sister for spending hours helping her write a resume, cover letter, fill out an application, and shop for business clothes.
twinmamma - I have no idea what set you off, I lurk on just a few threads. But I do want to share this thought with you: What benefit are you reaping for getting all pissy about what someone you've NEVER MET is doing with their money? If it bugs you so much, ignore them. We've still got those lovely ignore buttons, right? Take what benefits you from the conversations and leave the rest. Kind of like eating watermelon: sometimes you stumble on a seed. Sure you can try forcing it to be just like the melon, but in the end you're better off if you just spit it out. Because swallowing watermelon seeds, while possible, isn't all that pleasant.
And look - a crappy metaphor that I can't even blame on alcohol. ;D
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captainredracer
Initiate Member
WIRR moderator
Joined: Jan 6, 2011 10:55:54 GMT -5
Posts: 73
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Debt
Oct 26, 2011 5:20:49 GMT -5
Post by captainredracer on Oct 26, 2011 5:20:49 GMT -5
I think that this thread has gone on long enough. Both sides have been heard. All - Remember the mission of the WIRR that is listed in the first post of each regional thread:
IMO, anybody who comes to this board on an ongoing basis is committed to and wants to learn to reduce his/her debt; those who are not serious eventually leave. If a person's post bothers you, please use the Ignore button feature.
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