Debt or Broken Even?
- Thread starter steve40
- Start date
overanalyzer
Active Member
OK I selected have lots of money left over - but to be truthful that is only because I have not made any of hte major purchases. Though I will tell you we as a couple follow a strict budget and it is @ my urging so I will live within that budget (which explains my signature line)
erikandstacie
Member
CASH ONLY here. If I don't have the cash to pay for, I DON'T NEED IT....
Unless it's something really cool!
Unless it's something really cool!
debbers
Member
I have the exact same philosophy as erikandstacie.
When I was a freshman in college, reps from several credit cards were on campus signing us all up. At 18, with a 15/hr. week, $6/hr. job, I had credit cards with a grand total of $6500 limit. How long do you think it took me to max them out? Yeah.
Lesson learned the hard way: if I don't have the cash on hand to pay for it, then I really don't need it!!
~D~
When I was a freshman in college, reps from several credit cards were on campus signing us all up. At 18, with a 15/hr. week, $6/hr. job, I had credit cards with a grand total of $6500 limit. How long do you think it took me to max them out? Yeah.
Lesson learned the hard way: if I don't have the cash on hand to pay for it, then I really don't need it!!
~D~
broncofish
Active Member
Almost exact same thing happened to me. Joined the miltary, got all kinds of credit, just recently got out of debt, and I will never go back, except for maybe a house. All the tanks I have I paid for with cash, plus I'm a big fan of e-bay. If I've got an extra 20gallon tank chillin at my house for more than a week I ---- it. Not just tanks but everything. My buddy jokes that he does not sit still to long at my house or else I'll put him on ---- or in the classifieds.
tangman99
Active Member
No debt for me either. I spent the first 10 years of my adult life carrying credit card balances and department store credit. Never got in over my head, but the interest was sickening. I pay cash for everything except online orders, but I pay off that credit card every month so I don't pay any interest.
The only things that I have financed are my house and my two toys, I mean cars.
Tangman
The only things that I have financed are my house and my two toys, I mean cars.
Tangman
mr.flameangel
Member
I love to be in debt in the hobby but the wife will not let me if you all know what i mean.
mike
mike
hunterdaddy
Member
Heh I wouldn't consider 6500$$ in debt really. I am about 30,000$$ in debt. About 20,000$$ of that is school loans and the other 10,000 is credit cards from the 2 years I spent in school and the year it took me to find a decent job after school was over.
Figure I should have the credit cards paid off in a year to a year and a half but the school loan will be minimum payments for the rest of my life because as long as you don't default on it it isn't heavily considered in home/ vehicle loans.
Figure I should have the credit cards paid off in a year to a year and a half but the school loan will be minimum payments for the rest of my life because as long as you don't default on it it isn't heavily considered in home/ vehicle loans.
snakes'n'fish
Member
My hobbies is why i work a second job. With that money i do as i need. When it comes to big purchases or online i use debit card so i can only spend the money I have.NO credit cards here (nasty little bastiches, learned my lesson as well there) My wife has a monster school loan and with every thing else, I need the second income to keep my hobbies up. Tell ya what , Keeping snakes is almost as expensive as saltwater But I enjoy my hobbies and they keep me out of trouble !
But I enjoy my hobbies and they keep me out of trouble ! 
krishj39
Active Member
steve-o, i voted that i am in debt, not because I have actually acrued debt because of the hobby, but because I have spent many times over the amount I had "budgeted" to spend. I mean, I probably spend at least 1/2 of my income on fish! Good thing I don't have too many expenses right now. I'm about done with all the big purchases now, so that figure should drop WAY down. Too bad, sorta, I love buying new fish stuff.
good poll question, btw
good poll question, btw
jarre
Member
I'll totally agree with broomer! Other than the house and truck I pay cash or I don't allow myself to have it. I've watched to many people get themselves in trouble, especially small business owners.
I also keep enough cash on hand to pay three months worth of bills and am now in the process of making it six months. When it comes to money my motto is better Safe than Sorry!!!
I also keep enough cash on hand to pay three months worth of bills and am now in the process of making it six months. When it comes to money my motto is better Safe than Sorry!!!
S
sebae0
Guest
hard not to get in debt with a wife, house, 2 cars, 3 kids, 4 fish tanks, and a 1100 gal pond. i look at it this way i cant take it with me so im gonna enjoy it now. the only thing i hate about it is the bill collectors calling lol.
phoenixrising
Member
I actually got a job again just to support my hobby! Am I ever in debt to my hobby? Absolutely, but I pay it off quickly before the interest has a chance to strangle me!
bdubbya
Member
I'm not in debt because of my hobby. It's because when I got a high limit card I bought toys, lots a toys. It's a mistake I won't make again. Now I only pay cash. I don't even carry my cards anymore, I usually have enough cash in the bank. I must admit though, getting into this hobby has been a test of my self control over the cards .
fishtanker
Member
Originally posted by BigMac
Your not a true american if your not in debt up to your neck
u said it bro.