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Shane1

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  1. Landlords should certainly save up plenty of money just like anyone else. I guess it's a question of how much risk should they reasonably anticipate. 1/3 of people suddenly stopping paying at the same time? That's the sort of thing you shouldn't see even in a depression. Though it should be something they are prepared enough to handle for some period of time, certainly more than a month. It would take a lot longer than that to evict and find a new tenant, which should be an expected risk.
  2. That didn't take long. If nobody else is paying, why should I? People are setting themselves up for disaster if they're deliberately deciding which bills they don't feel like paying already and will allow 3, 6, 18 months worth of every bill to go past due. “I need to know that I can eat and pay for health care.” When does people not eating or having insurance become a public health crisis? I was having trouble telling whether it was sarcasm as well until I read the additional replies. The tone seemed sarcastic, but I'm sure there are those who believe landlords can go a few months without rent and small business owners with 3% profit margins should be able to survive and keep paying their employees.
  3. They have no way of knowing that an ACH payment is valid until it clears, which they are probably assigning a certain number of days as a suitable time frame. A lot of people make payments knowing they will decline to see how long they can get away with playing the game. They may process a reversal without waiting if you can provide proof of funds availability, but they may stick to the policy of you have to wait a week or two. If your bank won't help, you might want to get another one, but I would think an online banking printout would be sufficient.
  4. I learned my lesson the first time. I joined CB after I had wracked up debt when I was in my 20s. Even if this goes on for 18 months, I should be fine. Every want is not a need, and I live well within my means.
  5. Why would I want to give an interest free loan to the government? They already take enough.
  6. How much is your Verizon bill? Mine is easier to measure in cents rather than dollars. Let me guess, you have an X and "need" unlimited data, texting, and voice.
  7. What happens when it gets declined, and you're using it for travel so you're thousands of miles away from home?
  8. They probably are. And when you tell them to pay the balance in full, the response is not everyone can afford to do that (meaning live within their means, apparently).
  9. Same. I use it once a year online to keep it active. At Black Friday/Cyber Monday, I get $25 or $50 worth of clothes or something else I need, and pay it off immediately. It's the first card I ever had, and the limit is way over what I would even think of spending there. I treat my Kohl's card, with its pitiful limit, the same.
  10. No bank account or social security numbers were compromised... except for those that were.
  11. 10 years and just under 100k. My commute is now 8 miles. These cars are notoriously reliable. It will last another 10 years. Could last another 20. I could get another car, but why? I like my current reliable car. Still performs and looks great. I'm not going to say, well, I paid off my car in 3 years, time to get another one because I need a monthly payment again. This isn't even being cheap. This is not buying things just for the sake of buying them. Real winter like Massachusetts? It's not the worst winter in the US, but it's not exactly hospitable. Electric: $30, increases in July and August Internet: $30-50. Oil: less than $100 per month average for the year, obviously highest in winter Water: $10 Trash: $20 Phone: Minimal because some people still use these things for some reason These are actual numbers, not projections or fantasy. What would I get out of doubling them? I set my thermostat at a comfortable temperature. Granted, if I were to retire and stay in this area for some reason, I would expect them to spike if I were to be home more often.
  12. Why would I want to move to France, which is not central Europe, although it's still cheaper than the US? Places like Poland and Czech Republic are maybe a bit behind the US in some respects (most countries are), but they are advanced western nations, far ahead of most of the rest of the world. If you are accounting for two people, shouldn't both people have their own retirement savings? And shouldn't they be paying for shared expenses, such as utilities and property taxes? 1. Car payment for those who won't drive your 2004 Ford Pinto: $0. For a Lexus, which is something I did splurge on. It has lasted for years already. I have no need to replace it any time soon. 2. Property taxes (not counting HOA fees): $50-100 in a southern state or many other locations. I pay about $400 now. Why would I keep doing that? This is not smart financial management. 3. Property, car and medical insurance: $100-200 in most other countries. But yeah anywhere in the US, double or triple. 4. Food and incidentals: $250 5. Utilities: $200 6. Gas: $100 7. Entertainment / Dining out: $200 8. Clothing: This needs to be its own category? I'm barely at $1k, and I'm not exactly sacrificing. I mean, I guess I could spend $100 per month on clothes, but I don't see what that gets me. This doesn't have to be a cap necessarily. I could take that annual island vacation with whatever's left over, and still have plenty left. If I wanted to spend thousands of dollars every month, that would actually be the thing that would take effort. I know what it's like to not live within my means. That's how I found CB in the first place.
  13. With that amount of interest, seems like a no brainer. It is such a relief to not have such things hanging over your head that you're not getting any benefit from. If it can be done without causing other financial issues, I wouldn't even worry or care what the banks do. They can be replaced if needed, probably with something better.

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