RE: Money-Saving Tips from Tibs and Shell
December 4, 2016 at 5:23 pm
(This post was last modified: December 4, 2016 at 5:28 pm by AceBoogie.)
(December 4, 2016 at 2:06 pm)Tiberius Wrote: You don't need a credit card to live, but if you can make money off it and improve your credit score, why not do it?Like I said the cash back credit card sounds like a good idea.
(December 4, 2016 at 2:06 pm)Tiberius Wrote: If you can save the money up quickly, there's some benefit to doing this, however for people on a modest income, mortgages make much more sense. Not only can you live in the house while you're paying it off (so you aren't losing money by renting), but often you can deduct the interest paid from your taxes each year.
You really need to do the calculation and work out how long you need to save the money for the house vs how much you'll be spending in rent during that time.
As true as this may be I don't see myself staying where I am for any more five years. I'll probably be moving out of state by then and if I'm not going to live somewhere long term I'm better off renting. And I would have to look into it more but I believe it's actually cheaper to rent in a lot of cities.
I certainly believe there are benefits to home ownership but I also don't really want to deal with yard work or general maintenance. I just don't really feel like I'm wasting money renting; I have a place to lay my head at night and a place to hang out when I'm not working.
As far as I know my credit score is pretty good because though I use it very little I definitely used it more when I first got it and I've had it for a few years now. So if I do ever change my mind about owning a house I'm sure the option will be there for me to take out a loan if need be.
I'm kind of at a point in my life where as long as I follow my budget I'm profiting a nice amount of money every year and it all gets stashed into savings accounts, my 401(k) or other places where my money can grow. Not too worried about 'wasting money' renting to be honest. But like I said I understand that not everyone is in the position I'm in so for some people it may be necessary to own a home rather than rent.
But honestly I don't know a whole lot about owning a home or having a mortgage because it's not something I've ever seriously looked into. I've never wanted to own a house so I've never felt a need to find out about it. Maybe there is something I'm missing but I still don't feel like I want to own a home at this point in my life. Maybe I will get one of those mini houses in the form of a small RV and travel the world spreading my message of Satanism and money saving tips.
“Love is the only bow on Life’s dark cloud. It is the morning and the evening star. It shines upon the babe, and sheds its radiance on the quiet tomb. It is the mother of art, inspirer of poet, patriot and philosopher.
It is the air and light of every heart – builder of every home, kindler of every fire on every hearth. It was the first to dream of immortality. It fills the world with melody – for music is the voice of love.
Love is the magician, the enchanter, that changes worthless things to Joy, and makes royal kings and queens of common clay. It is the perfume of that wondrous flower, the heart, and without that sacred passion, that divine swoon, we are less than beasts; but with it, earth is heaven, and we are gods.” - Robert. G. Ingersoll
It is the air and light of every heart – builder of every home, kindler of every fire on every hearth. It was the first to dream of immortality. It fills the world with melody – for music is the voice of love.
Love is the magician, the enchanter, that changes worthless things to Joy, and makes royal kings and queens of common clay. It is the perfume of that wondrous flower, the heart, and without that sacred passion, that divine swoon, we are less than beasts; but with it, earth is heaven, and we are gods.” - Robert. G. Ingersoll
