Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Mar 17, 2012 20:16:58 GMT -1
Of course, OZ, I realised the minute I'd typed it that not everyone uses cards the same way ;D You're not tight, you're savvy! The cashback credit card's not a bad idea either if you set up a DD to pay it in full every month. There's also an option for people on 0% interest cards to take the limit in cash and invest it elsewhere and make interest on it. I am doing that with the business. But there are many people here who are NOT paying off in full every month, that's the thing. They're getting deeper in debt with interest added to everyday purchases. And maxing out one card then using another to pay off the debts on the first. Plus storecards are an issue too, if misused. If you miss a payment, whatever you've bought gets charged at 29% or something silly like that. Payday loans are a big problem now here too. Do you have them over there?
|
|
|
Post by ozneil on Mar 17, 2012 20:32:00 GMT -1
We dont have cash back credit cards here I dont think. . We do have payday loans here but not called that. Cant remember what they are called.
I only have one store card & thats only because they give 5% discount. Store card interest rates are horrific... My credit cards charge 15% on overdue amounts.
People here too max out more than one card. I feel so sorry for them.
Banks are bastards!
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Mar 17, 2012 20:43:43 GMT -1
Payday loans here can be useful for say, freelancers who are owed money down the line but need to free up cash to pay creditors. Interest rates are 2000-3000% pa. If you're in a position to pay back when you've been paid they can make sense. Unfortunately though, it's multiple debt that's the issue and some are using payday loans then not being able to pay back. That's when the rocketing interest's applied. I've said it so many times, we need proper financial advice taught at secondary school level. Such a huge percentage of people don't have the basic maths or arithmetic to deal with everyday life and avoid being totally ripped. We're failing our children in that way. Banks are bastards, yes. But if we were smarter they wouldn't get off so easily.
|
|
|
Post by peony on Mar 18, 2012 15:47:14 GMT -1
Ah yeah, the doomsday preppers, Yonza. In Idaho, it's practically a given that most people have SOME things in line. If I was a doomsday prepper and wanted to stock something for the end times that could be bartered quickly, I would stock guns and ammo.
With the Mormons a big presence in southern Idaho, there is a lot of good and easy advice about preserving food. The mormons keep a two year supply of food on hand at all times, carefully rotating the pantry items and raising a lot of their own food.
I grew up with a family that had a five acre food garden. Many a long summer day did we sit in the shade of a tree and shell sweet peas, or snap green beans, or husk sweet corn to get them ready for the preserving. That was when we were children. My family wasn't Mormon, but they were Christian. They truly believed in helping those who could not help themselves, so a lot of the produce went to older folks or other folks who needed a bit of help. Also I went to a one room school and the moms took turns cooking the lunches, so the mom who cooked that week also provided the food.
|
|
|
Post by ozneil on Mar 18, 2012 19:20:58 GMT -1
May I ask exactly what are the "preppers" preparing for?
If is the Apocalypse , predicted for 21st December 2012, it would be rather pointless
Peony I presume you laid in food for the winter when you would be cut off and isolated.
or
Was it in case they pesky injuns attacked the wagon train?
|
|