
Knucklehead90
Audioholic
I finance my wants with a little thing called 'Bank on Yourself'. The concept is simple for purchases - if I have the money in the savings account designated 'Bank' I can buy whatever I'm wanting at the time. Until I build up the reserve in 'Bank' I'm stuck - I can't buy.
And while there is any balance on a credit card - no using 'Bank' funds to buy something - 'Bank' is used to pay off the credit card - which is zero at this time - and 'Bank' is being built up for the purchase of a new prepro.
While it doesn't sound like it would save you money it in fact saves quite a bit. Look on your CC statement and see what they are charging you for borrowing. Not having to pay them 10% or more on outstanding balance plus the (yes - meager) interest you get for maintaining a balance means a steady 10% or more money for spending on what you want - not making some fat bank fatter. I'm a credit union member too. Much better to deal with than any bank.
Just my ohtwocents worth.
And while there is any balance on a credit card - no using 'Bank' funds to buy something - 'Bank' is used to pay off the credit card - which is zero at this time - and 'Bank' is being built up for the purchase of a new prepro.
While it doesn't sound like it would save you money it in fact saves quite a bit. Look on your CC statement and see what they are charging you for borrowing. Not having to pay them 10% or more on outstanding balance plus the (yes - meager) interest you get for maintaining a balance means a steady 10% or more money for spending on what you want - not making some fat bank fatter. I'm a credit union member too. Much better to deal with than any bank.
Just my ohtwocents worth.