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Cactus Flower

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Everything posted by Cactus Flower

  1. Citi has something similar now called "Flex Plan".. (not available on all of their card products) they are converting a portion (?) of your revolving credit limit to an installment type loan. I guess these plans are useful if you need help figuring out how to pay off a credit balance in a certain amount of time.
  2. Not to mention they extended the warranty on my refrigerator from 2 years to 4 - no additional charge. All for putting it on their Visa card. It is good for some things.
  3. Dress Barn is expensive.. and I'm talking about the outlets, which are really the only stores I've been in...
  4. Just order them from your bank directly.
  5. I would shoot for a 0% BT credit card rather than a personal loan. I have a score around 790-800 and the one time I thought a personal loan was a better idea than a cc... they came back with 12.99% I went to Citi and they gave me the $5000 at .99% for 18 months.
  6. You have to reapply. Most of these store cards are shutting you down after 6 months of non use.
  7. How about a whole generation of insecure middle aged adults/single parents who are NOT READY for their kids to leave the nest because they themselves are dysfunctional, unable to make real friends or have a life outside of their kids.. so they turn their kid into their best friend. My ex is like that (our 28 y/o son still lives at home with dad because dad makes him feel guilty for wanting to leave); a co-worker of mine who is doing something similar to her soon to be 18 year HS graduate... "my best friend".. making the kid feel guilty for "abandoning" them, Yes it's real and it exists. My son has a decent job, is good with money and has no debt, but his dad won't let him leave. Makes me sick.
  8. IMHO if you pass away ahead of him, the house can be sold, equity taken and he moves back to the UK Bottom line, even if the mortgage is paid off - there are still expenses and you claim he'll have no $$ .. no SS and no income. I may be missing something here however.
  9. I am lucky to have both 401k and pension. The company did away with offering pensions a couple of years ago and bumped up the amount they contribute to 401k.. to 100% match through 6%. I am still grandfathered in under the original retirement plan .. the pension ....and get the 401k 50% match to 6% as well. But you can't force someone to save. For at least half of my 30 plus year career, I am sure I did not save more than 2-3% (dumb); but for quite some time I have been at 6%+ (at 9% now, plus the 50% match to the first 6%). I have been well into 6 figures for quite some time and with - what I consider to be .. not a lot of effort. Here's the clincher.. everything I have done for myself was done because I want to retire at 60. I don't see putting anymore than 10% of my own $ into the 401k .. because I am trying to fast track paying down the mortgage in the next 5 years or so. While I really don't see people dumpster diving, I do know that a LOT of my friends/acquaintances with zero in retirement and no pensions.. expect to work until they die. They seem to be aware that they will never be able to live off of SS. But they are too busy taking vacations every other weekend, buying or leasing a new car every 2 years... and/or funding adult children's fancy lifestyles. Very sad indeed.
  10. it's hard to make it to your 90's without some sort of dementia or memory issues ... so one day she may be fine with what is going on, and the next day she is not going to remember what she told him or anyone else. Now how she got it in her head to sue, well that is pretty funny. Lawyers aren't free and you can't get blood from a turnip. I would agree that there are probably things we don't know about, that are left out of this article.
  11. Yep, the joke is on her. Unless she hit the casinos it would hard for someone that age to spend that kind of money anyhow (normally anyhow).. but there are those that think they will live forever. It never crosses their mind that the money will outlive them in normal circumstances. So if her son was irresponsible, he was only scr*wing himself in the long run since I (assume) he would inherit whatever is left when she passes.
  12. exactly. Like I said though, people of that age are typically paranoid and think everyone is out to get them or take advantage of them. I have a grandmother like that. She would misplace things around her house and then accuse relatives of stealing from her. Stupid stuff... the one time it was gold placemats she used at holiday dinners. Just silly.
  13. Elderly people are typically very paranoid anyhow .. I am a little more than half her age and I could make that kind of money last the rest of my life and my son's as well as long as we didn't do anything stupid. Personally I wouldn't turn that sum of money over to ANY financial investor. I feel I could do OK managing it myself. At least if mistakes were made I would have no one to blame but myself. LOL
  14. I was married for 8.5 years, then divorced; single for the past 20+ years and perfectly happy. I am financially secure however, so being with someone is truly a matter of WANTING to be, not having to be. I'm in my mid 50's and my perception is, if a guy wants to move in with me, red flags should go up, and if he wants to get married, flags.. bells. all of it. Most financially secure single men my age are no more interested in marriage, than I am. It is just easier to have friends with benefits and everyone goes home to their own home. Does that sound sad/lonely? It's not. I have a dog for companionship 😉 I feel sorry for women and men who just trip from one bad relationship to another... they don't understand that it's actually easier and less stressful being on your own.
  15. I haven't carried a checkbook in years & years; for a long time after I stopped, I had a blank check folded up in my wallet "just in case"; now I don't even do that; I have even gotten away from carrying a lot of cards.... because so many places take Android/Google Pay, I just use my phone. How times have changed.
  16. Speaking of checks, who still writes them, and how many DO you write in a year? I would have to say, I write less than a dozen a year. The last 2.. charitable donation, and a landscaper that trimmed my trees. Before that?
  17. Rarely get anything I can use from BOA. A lot of restaurants - and I rarely eat out.... You have some good ideas though. I am trying hard to send another $500/month to principal, but realistically it probably won't be every month unless I can scare up an extra couple of hundred dollars .. $250-$300 is more realistic. I do use all of my overtime pay towards the mortgage.
  18. that may be incorrect assumption for a lot of Americans .. I don't do any of those things and rarely take a vacation either. I also don't have a mortgage into 4 figures like a lot of people; I haven't stepped foot in a Starbux unless I have been given a gift card. The reason is this... any extra $$ I have goes on the mortgage. I would rather pay down the mortgage than save................................
  19. I'm a project manager which is a pretty common profession these days especially and it's never on ANY list!
  20. Agree with Burger. I do save - but I also like to do something fun every now and then when I am still young enough to enjoy it all.... I can just hope that the combination of 401k, pension, SS and having a low house payment will get me through once I decide to leave my employer in 5 or 10 years.
  21. I use them, but I move mine out 5 and 10 years past when I plan to retire. That's if I ever can retire...or want to.
  22. Capital one 1.5% Citi Double cash - 2 % WF cash wise Visa 1.5% Penfed Visa 1.5% ** ** fine print says points/cash back only for "personal" use (not business spending) I assume your 40k in Penske rentals is for a business.

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