Got in over my head with spending - Page 2

ivank · 06-29-10, 09:02 PM

Quote:

Originally Posted by Ducimus

You forgot your smokey the bear hat.

The guy already knows he F'ed up. Geez. We were all young dumb and full of c... ( ehh. nevermind that last word) at some point in our lives.

See we are all!

And I was drinking coffee at the time

Gerald · 06-29-10, 09:04 PM

Quote:

Originally Posted by ivank

Debit cards are horrible. I did not realize how bad it was until I went to the back today and my vovo(grandma) who is the manger sat me down and showed me the damage I did from 6/28/10 to 6/29/10.
With a card, I guess it was not apparent to me the amount I am spending, with no tangible cash, I just lost control. In the time period above I went from $878.87 to $310.85.

Spending list:
-$6.51 Play Station Network(movie rental)
-$49.24 travelling to and from Jersey City for 6hr of work
-$126.63 Barnes and Noble(I went there for 1 HK book and walked out with 1 HK raider book, 1 Uboat book, 1 HMS Renown book, and 1 membership card)
-$59.72 Best Buy(went in for a pair of headphones and walked out with NO headphone but 4 Blu Rays)
-$250.06 Amazon(went to get a book about HK 33 Pinguin, saw an interesting book about the Komet, saw another raider book, and so on...)
-$43.98 Eurosport.com (Portugal jersey shorts, to complete my Portugal uniform)
-$42.56 Applebees (I am that nice guy that if a friend asks to cover his part of the bill, I would, and I know this guy with never pay me back

)

And the list goes on...

I guess I just wanted to talk to someone who is not pissed at me for this(parents, vovo, friends in Germany and my GF) So now I can not go to Germany, Nederlands, and Sweden this summer, there goes that dream.

And I just wanted to warn you guys about the dangers of the cards.

But I come over to the state soon so we can take some beer and spend a lot with Visa and Amex,so you don`need to go to Sweden this year.....

Note:This card card can really suck!

mookiemookie · 06-29-10, 09:04 PM

Quote:

Originally Posted by ivank

Well, my next pay check will start the "saying spree" if you will.

I used to do financial planning for a living and that was one of the first things to teach someone - have 3 to 6 months of committed expenses saved up in reserve in case of bad times. You never know when something bad is going to happen. Pay yourself first on payday - put money away for savings before doing anything else. It will grow faster than you realize if you're disciplined enough to not touch it!

ivank · 06-29-10, 09:10 PM

Quote:

Originally Posted by mookiemookie

I used to do financial planning for a living and that was one of the first things to teach someone - have 3 to 6 months of committed expenses saved up in reserve in case of bad times. You never know when something bad is going to happen. Pay yourself first on payday - put money away for savings before doing anything else. It will grow faster than you realize if you're disciplined enough to not touch it!

at an interest rate of .01% it ain't growing lol.

But yea, this is what I am being told

ivank · 06-29-10, 09:12 PM

Quote:

Originally Posted by Vendor

But I come over to the state soon so we can take some beer and spend a lot with Visa and Amex,so you don`need to go to Sweden this year.....

Note:This card card can really suck!

She was in from Sweden for my last Birthday and told me she could not do this again for a while cause it cost her a ton, so I need to travel there, which now is not happening.

Yes, this card stuff sucks

mookiemookie · 06-29-10, 09:15 PM

Quote:

Originally Posted by ivank

at an interest rate of .01% it ain't growing lol.

But yea, this is what I am being told

Don't expect interest payments to help you out with that!

You need to commit to putting $20, $50, $100, or whatever you can afford away in a savings or money market account each time you get paid.

Gerald · 06-29-10, 09:17 PM

Quote:

Originally Posted by ivank

She was in from Sweden for my last Birthday and told me she could not do this again for a while cause it cost her a ton, so I need to travel there, which now is not happening.

Yes, this card stuff sucks

She come over ,obviously and your time is clear....

ivank · 06-29-10, 09:27 PM

Quote:

Originally Posted by Vendor

She come over ,obviously and your time is clear....

Sh*t she comes back here, my calender is SOOO clear, screw everything and everyone else!

ivank · 06-29-10, 09:29 PM

Quote:

Originally Posted by mookiemookie

Don't expect interest payments to help you out with that!

You need to commit to putting $20, $50, $100, or whatever you can afford away in a savings or money market account each time you get paid.

Well, I have decided to commit my whole pay check, and give my self 1 purchase a month

Gerald · 06-29-10, 09:40 PM

Quote:

Originally Posted by ivank

Sh*t she comes back here, my calender is SOOO clear, screw everything and everyone else!

so you can take a shot and visit your GF or take

ivank · 06-29-10, 09:42 PM

Quote:

Originally Posted by Vendor

so you can take a shot and visit your GF or take

No time outs we have been through that before, so it is time to ask for more hour at GS and save!

tater · 06-29-10, 09:43 PM

I almost never use a credit card, and instead use debit. OTOH, I always know how much is there—part of the beauty of debit cards is that assuming you don't use checks, you always have a current running balance with no work. Spend $100, balance drops $100.

I certainly see your point about money disappearing, however. Our bank has pretty good breakdowns of spending by payee, so we can look at a glance at food, entertainment, etc, and see how it goes on a monthly basis, and to whom.

Could be worse, when you are older you'll have to blow thousands on stuff like window replacement (me, tomorrow :/ ). Loads spent, and when done, it'll look exactly the same as it did before. Don't have anything to show

ivank · 06-29-10, 09:43 PM

I just want to thank everyone here, you all have been helpfully and what not. The advice was great. I will tell you how it goes.

OH a raider book on Amazon! lol Just kidding

ivank · 06-29-10, 09:45 PM

Quote:

Originally Posted by tater

I almost never use a credit card, and instead use debit. OTOH, I always know how much is there—part of the beauty if debit cards is that assuming you don't use checks, you always have a current running balance with no work. Spend $100, balance drops $100.

I certainly see your point about money disappearing, however. Our bank has pretty good breakdowns of spending by payee, so we can look at a glance at food, entertainment, etc, and see how it goes on a monthly basis, and to whom.

My bank(Chase) = evil no break downs, just a spending list, i do have a rewards program, so my spending will give me something back!

tater · 06-29-10, 09:47 PM

BTW, I should add that even while you spent more than you would have liked, you did NOT spend more than you HAD.

That is a CRITICAL distinction, and a reason to think when it comes to real credit cards. To build credit you need to use them, but it is oh so easy to end up in a hole that is hard to climb out of without discipline. Always use real credit with great care.

06-29-10, 09:43 PM	#28
ivank The Old Man Join Date: Apr 2008 Location: Huntington, Long Island, New York Posts: 1,426 Downloads: 284 Uploads: 0	I just want to thank everyone here, you all have been helpfully and what not. The advice was great. I will tell you how it goes. OH a raider book on Amazon! lol Just kidding __________________ Head of The Surface Warfare Super-Mod Team Leutnant z. S. David U. Ziegler U-105 IXB On Patrol 1

06-29-10, 09:43 PM	#27
tater Navy Seal Join Date: Mar 2007 Location: New Mexico, USA Posts: 9,023 Downloads: 8 Uploads: 2	I almost never use a credit card, and instead use debit. OTOH, I always know how much is there—part of the beauty of debit cards is that assuming you don't use checks, you always have a current running balance with no work. Spend $100, balance drops $100. I certainly see your point about money disappearing, however. Our bank has pretty good breakdowns of spending by payee, so we can look at a glance at food, entertainment, etc, and see how it goes on a monthly basis, and to whom. Could be worse, when you are older you'll have to blow thousands on stuff like window replacement (me, tomorrow :/ ). Loads spent, and when done, it'll look exactly the same as it did before. Don't have anything to show

06-29-10, 09:47 PM	#30
tater Navy Seal Join Date: Mar 2007 Location: New Mexico, USA Posts: 9,023 Downloads: 8 Uploads: 2	BTW, I should add that even while you spent more than you would have liked, you did NOT spend more than you HAD. That is a CRITICAL distinction, and a reason to think when it comes to real credit cards. To build credit you need to use them, but it is oh so easy to end up in a hole that is hard to climb out of without discipline. Always use real credit with great care.