Ever had to put a Tourniquet on your Credit Cards ? - Old Stoners Crash Pad - International Cannagraphic Magazine Forums

St. Phatty · 02-01-2017, 06:50 PM

I have a HELOC I need to pay down.

The only way that happens is if I reduce my monthly Amex bill from $1300 to $500.

I don't want to be completely strangled by interest rate increases so I shifted my budget into Penny Overdrive

aridbud · 02-04-2017, 05:48 PM

Yeah, I've cut up a few cards that have high interest rates. Hope HELOC is a good rate...pay off cards, then pay more than usual monthly to pay off HELOC.

Douglas.Curtis · 02-04-2017, 07:09 PM

Never owned a credit card in my life.

Crazy concept, if I'm unable to afford it I don't purchase it. Much more restrictive life, yet infinitely more enjoyable without debt. Out of curiosity, what exactly are you spending $1300/mo on with credit?

EsterEssence · 02-04-2017, 08:13 PM

I don't let myself carry debt, right now I have a car payment but everything else is paid for. If I use a credit card I pay it off every month, at my age I don't need to accumulate a bunch of things . Cash is king...

420somewhere · 02-04-2017, 08:26 PM

I have paid my credit cards off every month for 40 years..

Wealth is the accumulation of income

I have NO debt.

People often wonder how I did it - start saving now.

Hank Hemp · 03-08-2017, 09:23 PM

There it is 420. I've took the tourniquet off.

brown_thumb · 03-09-2017, 03:56 AM

I cut all my credit cards into tiny pieces and closed those accounts a quarter century ago and haven't had a credit card since. I hate CC companies.

MJPassion · 04-01-2017, 08:10 AM

CC companies want a credited world but they'll never do it with folks that refuse their shenanigans.

CASH IS KING!

If I can't afford it I dont need it.

yesum · 04-01-2017, 08:55 AM

I have had credit cards for I guess, at least 25 years. I have paid off the balance each month. If you can not do that, well imo the creditors are abusing you by the high rates.

Might be time for the scissors. I get cash rewards too so aside from buying stuff I really do not need, there is no downside. I know, buying stuff you do not really need is quite a downside.

02-01-2017, 06:50 PM	#1
St. Phatty Senior Member Join Date: Mar 2014 Posts: 2,376	Ever had to put a Tourniquet on your Credit Cards ? I have a HELOC I need to pay down. The only way that happens is if I reduce my monthly Amex bill from $1300 to $500. I don't want to be completely strangled by interest rate increases so I shifted my budget into Penny Overdrive
	Quote 1 members found this post helpful.

02-04-2017, 05:48 PM	#2
aridbud automeister Join Date: May 2013 Location: the best place on earth Posts: 5,589	Yeah, I've cut up a few cards that have high interest rates. Hope HELOC is a good rate...pay off cards, then pay more than usual monthly to pay off HELOC. __________________ Seeds have the power to preserve species, to enhance cultural as well as genetic diversity, to counter economic monopoly and to check the advance of conformity on all its many fronts. Michael Pollan Happiness held is the seed; Happiness shared is the flower. John Harrigan Instant gratification takes too long. Carrie Fisher - RIP. *afterthought autos* We are passionate breeders of unique quality cannabis autoflower hybrid seeds at down to earth prices; now 11 years running! https://www.icmag.com/ic/forumdisplay.php?f=65770
	Quote 2 members found this post helpful.

02-04-2017, 07:09 PM	#3
Douglas.Curtis Senior Member Join Date: Jul 2016 Location: Back in Colorado! Yaay! Posts: 2,260	Never owned a credit card in my life. Crazy concept, if I'm unable to afford it I don't purchase it. Much more restrictive life, yet infinitely more enjoyable without debt. Out of curiosity, what exactly are you spending $1300/mo on with credit?
	Quote 4 members found this post helpful.

02-04-2017, 08:13 PM	#4
EsterEssence Senior Member Join Date: Aug 2013 Location: Wherever I go there I am Posts: 1,066	I don't let myself carry debt, right now I have a car payment but everything else is paid for. If I use a credit card I pay it off every month, at my age I don't need to accumulate a bunch of things . Cash is king... __________________ Prop 215 compliant. Don't panic it's ORGANIC...
	Quote 2 members found this post helpful.

02-04-2017, 08:26 PM	#5
420somewhere Hi ho here we go Join Date: Dec 2009 Location: Kalifornica Posts: 2,609	If you start young.. I have paid my credit cards off every month for 40 years.. Wealth is the accumulation of income I have NO debt. People often wonder how I did it - start saving now. __________________ Live Life Love Prop 215 Compliant
	Quote 3 members found this post helpful.

03-08-2017, 09:23 PM	#6
Hank Hemp Senior Member Join Date: Mar 2006 Location: Just South of the Mason/Dixon, away, away down South in Dixieland. Posts: 4,646	There it is 420. I've took the tourniquet off. __________________ I luv this flag more than the haters hate it! God bless Johnny Boone wherever you are. Not all who wander are lost I don't care who you are that's deep You may see me tonight with a illegal smile. J. Prine
	Quote 1 members found this post helpful.

03-09-2017, 03:56 AM	#7
brown_thumb Senior Member Join Date: Jun 2016 Posts: 2,094	I cut all my credit cards into tiny pieces and closed those accounts a quarter century ago and haven't had a credit card since. I hate CC companies.
	Quote 2 members found this post helpful.

04-01-2017, 08:10 AM	#8
MJPassion Observer Join Date: Dec 2012 Location: uni-verse Posts: 5,584	CC companies want a credited world but they'll never do it with folks that refuse their shenanigans. CASH IS KING! If I can't afford it I dont need it.
	Quote

04-01-2017, 08:55 AM	#9
yesum IC Mag Supporter Join Date: Dec 2009 Posts: 3,397	I have had credit cards for I guess, at least 25 years. I have paid off the balance each month. If you can not do that, well imo the creditors are abusing you by the high rates. Might be time for the scissors. I get cash rewards too so aside from buying stuff I really do not need, there is no downside. I know, buying stuff you do not really need is quite a downside.
	Quote 1 members found this post helpful.