Cincinnati Bengals

Go Back   Cincinnati Bengals Message Boards - Forums > Off-Topic Forum > Klotsch

Klotsch Exchange recipes, talk about movies, comment on Jessica Simpson or anything you want. Just do it here instead of ruining someone else's football-related topic.

Reply
 
Thread Tools Display Modes
  #26  
Old 12-28-2012, 04:26 PM
Slappy from New Haven's Avatar
Slappy from New Haven Slappy from New Haven is offline
VIP Platinum Member
 
Join Date: Dec 2005
Location: North Cackalaky
Posts: 12,568
Rep Points: 17469
Default Re: What are your thoughts regarding your own Personal Savings/Debt Methods?

Quote:
Originally Posted by fredtoast View Post
The key issue here is that remodeling a kitchen is not an expense. It is an investment.

Home equity loans are so cheap right now you might as well get one to do the kitchen the way you want it. The small amount of interest you will pay will be recouped in the added value to your house.


I never had any credit card debt until I was in graduate school. then I ran up a few thousand because I thought I would be making big money when I graduated. Unfortunately that didn't happen and I was already in the habit of spending money I didn't have. It took me a few years to get out of that hole, but I have never paid any credit card interest since. I now get between 2% and 5% back on everything I purchase, but I still doubt I will ever regain the money I threw away on credit card interest.
The interest on the HELOC is also tax deductable
Reply With Quote
  #27  
Old 12-28-2012, 07:50 PM
fredtoast's Avatar
fredtoast fredtoast is offline
MB HOF Inductee
 
Join Date: Jan 2006
Location: Scenic East Tennessee
Posts: 48,064
Rep Points: 52791
Default Re: What are your thoughts regarding your own Personal Savings/Debt Methods?

Quote:
Originally Posted by NC Bengal Mike View Post
Your gonna do all that for 5K? Hell my cabinets were 12K
5k is pretty cheap for an entire kitchen, but 12K for just cabinets is ridiculous.
Reply With Quote
  #28  
Old 12-30-2012, 01:27 AM
Benton's Avatar
Benton Benton is offline
MB HOF Inductee
 
Join Date: Sep 2008
Location: Benton
Posts: 13,589
Rep Points: 50058
Default Re: What are your thoughts regarding your own Personal Savings/Debt Methods?

Quote:
Originally Posted by NC Bengal Mike View Post
Your gonna do all that for 5K? Hell my cabinets were 12K
One ten foot section of lowers and uppers and another six foot section of just lowers. With hardware it's around $2,500. Installing with some friends. My kitchen's a little odd in that it used to be a lot bigger, but the past owners turned a third of it into a giant walk in pantry. So having tons of cabinet space isn't a necessity.

I also don't have any building permits where I live.

But $12k? Either your kitchen is 2,000 square feet or you got some serious handmade stuff. I don't need custom made, just something that looks decent and functions.
__________________
If at first you don't succeed, giggle it.
Reply With Quote
  #29  
Old 12-30-2012, 10:42 AM
Slappy from New Haven's Avatar
Slappy from New Haven Slappy from New Haven is offline
VIP Platinum Member
 
Join Date: Dec 2005
Location: North Cackalaky
Posts: 12,568
Rep Points: 17469
Default Re: What are your thoughts regarding your own Personal Savings/Debt Methods?

Quote:
Originally Posted by fredtoast View Post
5k is pretty cheap for an entire kitchen, but 12K for just cabinets is ridiculous.
You must have cheap crap in your house and a pretty small kitchen.
Reply With Quote
  #30  
Old 12-30-2012, 10:44 AM
Slappy from New Haven's Avatar
Slappy from New Haven Slappy from New Haven is offline
VIP Platinum Member
 
Join Date: Dec 2005
Location: North Cackalaky
Posts: 12,568
Rep Points: 17469
Default Re: What are your thoughts regarding your own Personal Savings/Debt Methods?

Quote:
Originally Posted by Benton View Post
One ten foot section of lowers and uppers and another six foot section of just lowers. With hardware it's around $2,500. Installing with some friends. My kitchen's a little odd in that it used to be a lot bigger, but the past owners turned a third of it into a giant walk in pantry. So having tons of cabinet space isn't a necessity.

I also don't have any building permits where I live.

But $12k? Either your kitchen is 2,000 square feet or you got some serious handmade stuff. I don't need custom made, just something that looks decent and functions.
I have a boat load of cabinets and it is custom made, all wood no press board. And it is custom.
Reply With Quote
  #31  
Old 12-30-2012, 06:00 PM
WeezyBengal's Avatar
WeezyBengal WeezyBengal is offline
VIP Gold Member
 
Join Date: Aug 2007
Location: Cincinnati
Posts: 7,218
Rep Points: 20393
Default Re: What are your thoughts regarding your own Personal Savings/Debt Methods?

I use a credit card for everything. EVERYTHING. I have a capital one miles card and average about 1 free 400 dollar flight per year. Its awesome.

That being said, I make damn sure to pay my credit card off to a zero balance EVERY month. There is 0% interest on the card but still, I hate having the debt over my head.
__________________
Reply With Quote
  #32  
Old 12-30-2012, 08:11 PM
Who-Dey Girl's Avatar
Who-Dey Girl Who-Dey Girl is offline
VIP Member
 
Join Date: Oct 2008
Location: Springfield, Ohio
Posts: 827
Rep Points: 1810
Default Re: What are your thoughts regarding your own Personal Savings/Debt Methods?

Quote:
Originally Posted by WeezyBengal View Post
I use a credit card for everything. EVERYTHING. I have a capital one miles card and average about 1 free 400 dollar flight per year. Its awesome.

That being said, I make damn sure to pay my credit card off to a zero balance EVERY month. There is 0% interest on the card but still, I hate having the debt over my head.
I have thought about doing this. Just paying everything I normally pay with the credit cards and paying off every month to get the rewards.
Reply With Quote
  #33  
Old 12-30-2012, 09:39 PM
fredtoast's Avatar
fredtoast fredtoast is offline
MB HOF Inductee
 
Join Date: Jan 2006
Location: Scenic East Tennessee
Posts: 48,064
Rep Points: 52791
Default Re: What are your thoughts regarding your own Personal Savings/Debt Methods?

Quote:
Originally Posted by NC Bengal Mike View Post
You must have cheap crap in your house and a pretty small kitchen.
What is your entire house worth? That will tell me if you overpaid for your cabnets.

I buy good stuff but I don't let people rip me off. I am a smart shopper.
Reply With Quote
  #34  
Old 01-05-2013, 11:40 PM
Who2Dey's Avatar
Who2Dey Who2Dey is offline
VIP Gold Member
 
Join Date: Sep 2005
Location: here
Posts: 9,934
Rep Points: 25797
Default Re: What are your thoughts regarding your own Personal Savings/Debt Methods?

I have never used a credit card. I keep one for emergency in case there is a problem with my checking and savings accounts.

Gained a perfect credit score when I was younger by opening a Zales jewelry account to get a discount on a $400 chain and immediately paid it off before I owed interest on it.

The only debt I condone is in the way of mortgage or car loan. If I could go back I wouldn't have bought a car new...slightly used is the way to go.

Rather than putting extra money in stock or 401k I am paying towards the principle of my house and should be debt free by 36. I'd rather not be handcuffed to banks at all. I don't know how much a dollar will be worth in a few years, so I want to use the ones I have to help me rather than sit on them or gamble with them.

I try to keep roughly half a years salary in savings that is off limits just in case. Once my mortgage is paid off the extra money will likely go back into another investment property of some sort.

Foreclosures.

I also plan on refinancing soon while rates are soooo low.

Gold used to sound like a good idea, but seems pretty useless the further you step back and think about it and the dollar.
__________________
Quote:
Originally Posted by Hammerthis View Post
A weeping woman (guilty or innocent) will be comforted.
I've never hit a woman in my life, but I've seen on more than one occasion where violence was needed to bring unruly women under control.
Quote:
Originally Posted by bengalfan4life27c View Post
Its not like flattened her with a closed fist. She was rudely bothering him for an autograph.She drilled him right in the eye with a full glass of beer as a natural reaction he got angry and smacked her hard. It could have and probably has happened to quite a few people
Reply With Quote
  #35  
Old 01-06-2013, 07:10 PM
fredtoast's Avatar
fredtoast fredtoast is offline
MB HOF Inductee
 
Join Date: Jan 2006
Location: Scenic East Tennessee
Posts: 48,064
Rep Points: 52791
Default Re: What are your thoughts regarding your own Personal Savings/Debt Methods?

Quote:
Originally Posted by Who2Dey View Post
I have never used a credit card. I keep one for emergency in case there is a problem with my checking and savings accounts.

Gained a perfect credit score when I was younger by opening a Zales jewelry account to get a discount on a $400 chain and immediately paid it off before I owed interest on it.

The only debt I condone is in the way of mortgage or car loan. If I could go back I wouldn't have bought a car new...slightly used is the way to go.

Rather than putting extra money in stock or 401k I am paying towards the principle of my house and should be debt free by 36. I'd rather not be handcuffed to banks at all. I don't know how much a dollar will be worth in a few years, so I want to use the ones I have to help me rather than sit on them or gamble with them.

I try to keep roughly half a years salary in savings that is off limits just in case. Once my mortgage is paid off the extra money will likely go back into another investment property of some sort.

Foreclosures.

I also plan on refinancing soon while rates are soooo low.

Gold used to sound like a good idea, but seems pretty useless the further you step back and think about it and the dollar.
You seriously need to get a card with no fee that gives cash back bonuses. People who pay their full balance every month come out ahead. I put about $25K a year on my card, and my bonuses range from 2% to 5%. That works out to several hundred dollars a year.

Last edited by fredtoast; 01-06-2013 at 07:13 PM.
Reply With Quote
  #36  
Old 01-06-2013, 07:46 PM
Slappy from New Haven's Avatar
Slappy from New Haven Slappy from New Haven is offline
VIP Platinum Member
 
Join Date: Dec 2005
Location: North Cackalaky
Posts: 12,568
Rep Points: 17469
Default Re: What are your thoughts regarding your own Personal Savings/Debt Methods?

Quote:
Originally Posted by Who2Dey View Post
I have never used a credit card. I keep one for emergency in case there is a problem with my checking and savings accounts.

Gained a perfect credit score when I was younger by opening a Zales jewelry account to get a discount on a $400 chain and immediately paid it off before I owed interest on it.

The only debt I condone is in the way of mortgage or car loan. If I could go back I wouldn't have bought a car new...slightly used is the way to go.

Rather than putting extra money in stock or 401k I am paying towards the principle of my house and should be debt free by 36. I'd rather not be handcuffed to banks at all. I don't know how much a dollar will be worth in a few years, so I want to use the ones I have to help me rather than sit on them or gamble with them.

I try to keep roughly half a years salary in savings that is off limits just in case. Once my mortgage is paid off the extra money will likely go back into another investment property of some sort.

Foreclosures.

I also plan on refinancing soon while rates are soooo low.

Gold used to sound like a good idea, but seems pretty useless the further you step back and think about it and the dollar.
No way you have a perfect credit score with only one credit card. As a matter of fact no one has a "perfect" score. The score calculation is a complex mathematical equation that cannot come out as perfect.

a credit score is a moving object based on activity. Plain and simple. The key do "great" credit is manageable debt

I will agree on gold though. Price can only go down.
Reply With Quote
  #37  
Old 01-06-2013, 07:50 PM
Slappy from New Haven's Avatar
Slappy from New Haven Slappy from New Haven is offline
VIP Platinum Member
 
Join Date: Dec 2005
Location: North Cackalaky
Posts: 12,568
Rep Points: 17469
Default Re: What are your thoughts regarding your own Personal Savings/Debt Methods?

Quote:
Originally Posted by fredtoast View Post
What is your entire house worth? That will tell me if you overpaid for your cabnets.

I buy good stuff but I don't let people rip me off. I am a smart shopper.
The cost of my house is irrelevant to the cost of cabinants. If I buy custom made oak cabinets and put linoleum on the floors what exactly do you know about my house?

Do this. Go price a single custom made two door 3 x 4.5 cabinet (oak) with no press board, all solid wood and tell me what you come up with.

You cannot get this from Lowes or HD

Also. The cost of goods is dofferent in Tenn than they are in Charlotte
Reply With Quote
  #38  
Old 01-06-2013, 10:33 PM
Who2Dey's Avatar
Who2Dey Who2Dey is offline
VIP Gold Member
 
Join Date: Sep 2005
Location: here
Posts: 9,934
Rep Points: 25797
Default Re: What are your thoughts regarding your own Personal Savings/Debt Methods?

Quote:
Originally Posted by NC Bengal Mike View Post
No way you have a perfect credit score with only one credit card. As a matter of fact no one has a "perfect" score. The score calculation is a complex mathematical equation that cannot come out as perfect.

a credit score is a moving object based on activity. Plain and simple. The key do "great" credit is manageable debt

I will agree on gold though. Price can only go down.
Maybe not perfect but at the time that I needed a near perfect credit score I had one. Zales for the car loan, then zales and car loan for the mortgage. Other than that I've never had my credit score checked because I haven't had the need.
__________________
Quote:
Originally Posted by Hammerthis View Post
A weeping woman (guilty or innocent) will be comforted.
I've never hit a woman in my life, but I've seen on more than one occasion where violence was needed to bring unruly women under control.
Quote:
Originally Posted by bengalfan4life27c View Post
Its not like flattened her with a closed fist. She was rudely bothering him for an autograph.She drilled him right in the eye with a full glass of beer as a natural reaction he got angry and smacked her hard. It could have and probably has happened to quite a few people
Reply With Quote
Reply

Bookmarks


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -4. The time now is 12:54 AM.


Powered by vBulletin® Version 3.7.2
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Copyright 1999-2012 Cincinnati Bengals. All rights reserved. Do not duplicate in any form without permission of the Cincinnati Bengals.