I would not take a Ding on my credit to get out of debt. Although, right now I have no debt and my next big purchase is a home. So. right now the most important thing for that process is my income and credit.
If my only choice to be debt free was to ding my credit - I would definitely do it! Your credit score can be rebuilt and in the meantime you are out from under the burden of being in debt. The key, then, would be to have learned a lesson and not get back IN debt. If you don't learn that lesson, then it is useless. By the way, being debt free is AWESOME! Thanks, Dave Ramsey!
I think being debt-free is far more important that having a glowing credit score. You'll have time after you pay off debt to improve your score, and having a low score is unlikely to cost you real dollars. Holding debt, however, WILL cost you actual money in interest. Not to mention the stress and anxiety that often comes with being in debt! It's worth it to take a hit on your score now to be debt-free ASAP.
Thankfully, I'm not in this position. If i were, i would probably ding my credit to become debt free. Eventually your credit can be repaired. If I were that much in debt, I wouldn't want to use credit for a long time anyway.
Looks like it died. I have kept yeast in a sealed bag in the fridge for a year now. It has to be cool and dry.
You should be able to add some yeast starter to it and kick it off. I am worried about the mold you have. That will fight the yeast and give you some off taste or even poison. Just dump it. You have some type of contaminant in you mash. I had some come over with the corn. Since we do not cook it, just use hot water, it can still have living cells. Best of luck.
There are a few items on the list that you can get for free. Check out your library for free books, video games, movies and digital downloads. Our local library allow us to download digital titles for the Nook or Kindle, and audio books for our IPods. This is a great bargain. Also, Pandora radio is free internet radio, that has minimal commercials. There are Pandora apps for smartphones, so you can listen anywhere!
You can also get some good food at a reasonable price. Some of the best (and not too expensive) Hom Bows in Seattle are right across from the Market. And the Pike Place Chowder in Post Alley has an 8 oz cup of their award winning chowder (really, lots & lots of awards including induction into the Great Chowder Cook-Off Hall-of-Fame) for $5.
I agree with the first guest's comments. I enjoy the Frye Art Museum more than the SAM, but you do want to check what the traveling exhibits are there before going with kids. They had a great display in 2011 called the Degenerate Art Ensemble described as "dynamic, event-based sensorial extravaganzas ... showcased through music, sculpture, props, costumes, musical instruments, animated films, photo and video documentation, and video projections." It was very surreal and conceptual, so I wouldn't have wanted to try and explain it to a young child.
Most of what you write I agree with. Your feelings about insurance are misguided. Term insurance should only be purchased if that is all you can afford. Whole life costs more to get but if it is with a good company it can serve as another part of a diversified portfolio, and protect your family.
I have had a policy in effect for 14 years next month. I have paid in $84,000 and it has a cash value of $103,000. If I died tomorrow my wife would receive $346,000. The policy has not cost me anything, in fact, it is making me money.
This is a very interesting take on many very common phrases about money. I was always overly cautious in my youth with money. Hit a period in my life where I was a bit frivolous, now I’m back on track. I’d hope to teach my kids that it’s important to work hard, save, but never be afraid to ask financial questions.
Another reason - you become a more interesting person. Getting involved with a charity, gets you more invested in a cause. You will have more issues to discuss and more passion in your life.
Awesome post - its so important to teach our kids the right things about money, but hard when we have it all wrong, or are just starting to figure it out.
I agree with the "Don't talk about it." When young people are starting out, it is helpful for them to know how much one needs to be making in order to save, pay bills, have a family, retire, etc.
My family went all in with the "don't talk about it" approach.
Finances were never discuessed, and therefore, I never really knew much about finances until I started making money myself.
I was raised under the belief that you needed to find a profession for life and to stick with it!
I am now a little older and wiser and I talk about money and have decided to throw in the towel and say "enough is enough" with the traditional career path.
I have young kids at home, so going without a landline is not an option. So, I switched to Ooma a couple of years ago from Comcast's triple play. It costs me about $4 per month. Well worth it! I then downgraded my Comcast to further save money.
As for cellphone - mine is paid for by my employer.
I keep my home phone for emergencies, school related phone calls and for my kids so that if anything happens that they can call 911 and the phone call can be heard clearly and traced, but I save because I have a bundled plan with my internet and get a discount and have the minimum on my phone but because of telemarketing I have had to add caller id but it's worth it
I feel a it similar, Im still very ambitious in my career but my personal life I have lost so much in regards to what I want to do next in my life and Im not sure why that is..feel lost a lot... I am 43 without children. I think I want them but cant make a total decision. Its like major events scare me and I take the road that's safer but then I feel sad because of it...
Absolutely! I only use cash. you can't spend what you don't have!
I would not take a Ding on my credit to get out of debt. Although, right now I have no debt and my next big purchase is a home. So. right now the most important thing for that process is my income and credit.
I can use that $150 to help with my snowball debt project.
I would ding my credit. I would rather be out of debt first.
If my only choice to be debt free was to ding my credit - I would definitely do it! Your credit score can be rebuilt and in the meantime you are out from under the burden of being in debt. The key, then, would be to have learned a lesson and not get back IN debt. If you don't learn that lesson, then it is useless. By the way, being debt free is AWESOME! Thanks, Dave Ramsey!
I think it makes sense to temporarily ding your credit to resolve a financial crisis and get out of debt in 2-4 years..
I think being debt-free is far more important that having a glowing credit score. You'll have time after you pay off debt to improve your score, and having a low score is unlikely to cost you real dollars. Holding debt, however, WILL cost you actual money in interest. Not to mention the stress and anxiety that often comes with being in debt! It's worth it to take a hit on your score now to be debt-free ASAP.
I would not ding my credit to get out of debt.
Thankfully, I'm not in this position. If i were, i would probably ding my credit to become debt free. Eventually your credit can be repaired. If I were that much in debt, I wouldn't want to use credit for a long time anyway.
I don't think I would ding my credit. I've had relatives who have done that and I didn't think they made a wise choice.
Great ideas in this article and in the comments.
Whenever I toss unwanted clothes out of the closet, it magically becomes larger!
Using a Kindle or other tablet reader saves a heck of a lot of bookshelf space!
Notawhopper,
Looks like it died. I have kept yeast in a sealed bag in the fridge for a year now. It has to be cool and dry.
You should be able to add some yeast starter to it and kick it off. I am worried about the mold you have. That will fight the yeast and give you some off taste or even poison. Just dump it. You have some type of contaminant in you mash. I had some come over with the corn. Since we do not cook it, just use hot water, it can still have living cells. Best of luck.
Zorcy
There are a few items on the list that you can get for free. Check out your library for free books, video games, movies and digital downloads. Our local library allow us to download digital titles for the Nook or Kindle, and audio books for our IPods. This is a great bargain. Also, Pandora radio is free internet radio, that has minimal commercials. There are Pandora apps for smartphones, so you can listen anywhere!
You can also get some good food at a reasonable price. Some of the best (and not too expensive) Hom Bows in Seattle are right across from the Market. And the Pike Place Chowder in Post Alley has an 8 oz cup of their award winning chowder (really, lots & lots of awards including induction into the Great Chowder Cook-Off Hall-of-Fame) for $5.
I agree with the first guest's comments. I enjoy the Frye Art Museum more than the SAM, but you do want to check what the traveling exhibits are there before going with kids. They had a great display in 2011 called the Degenerate Art Ensemble described as "dynamic, event-based sensorial extravaganzas ... showcased through music, sculpture, props, costumes, musical instruments, animated films, photo and video documentation, and video projections." It was very surreal and conceptual, so I wouldn't have wanted to try and explain it to a young child.
I don't have a land line I just have a cheap pre paid cell phone.
Most of what you write I agree with. Your feelings about insurance are misguided. Term insurance should only be purchased if that is all you can afford. Whole life costs more to get but if it is with a good company it can serve as another part of a diversified portfolio, and protect your family.
I have had a policy in effect for 14 years next month. I have paid in $84,000 and it has a cash value of $103,000. If I died tomorrow my wife would receive $346,000. The policy has not cost me anything, in fact, it is making me money.
This is a very interesting take on many very common phrases about money. I was always overly cautious in my youth with money. Hit a period in my life where I was a bit frivolous, now I’m back on track. I’d hope to teach my kids that it’s important to work hard, save, but never be afraid to ask financial questions.
Another reason - you become a more interesting person. Getting involved with a charity, gets you more invested in a cause. You will have more issues to discuss and more passion in your life.
Awesome post - its so important to teach our kids the right things about money, but hard when we have it all wrong, or are just starting to figure it out.
I agree with the "Don't talk about it." When young people are starting out, it is helpful for them to know how much one needs to be making in order to save, pay bills, have a family, retire, etc.
My family went all in with the "don't talk about it" approach.
Finances were never discuessed, and therefore, I never really knew much about finances until I started making money myself.
I was raised under the belief that you needed to find a profession for life and to stick with it!
I am now a little older and wiser and I talk about money and have decided to throw in the towel and say "enough is enough" with the traditional career path.
I have young kids at home, so going without a landline is not an option. So, I switched to Ooma a couple of years ago from Comcast's triple play. It costs me about $4 per month. Well worth it! I then downgraded my Comcast to further save money.
As for cellphone - mine is paid for by my employer.
I keep my home phone for emergencies, school related phone calls and for my kids so that if anything happens that they can call 911 and the phone call can be heard clearly and traced, but I save because I have a bundled plan with my internet and get a discount and have the minimum on my phone but because of telemarketing I have had to add caller id but it's worth it
I feel a it similar, Im still very ambitious in my career but my personal life I have lost so much in regards to what I want to do next in my life and Im not sure why that is..feel lost a lot... I am 43 without children. I think I want them but cant make a total decision. Its like major events scare me and I take the road that's safer but then I feel sad because of it...