Comments on: Answers to Your Questions…Part 1 http://www.bloggingawaydebt.com/2009/04/answers-to-your-questionspart-1/ Our Journey to a Debt-Free Life Sun, 21 Mar 2010 01:39:42 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: Maria http://www.bloggingawaydebt.com/2009/04/answers-to-your-questionspart-1/comment-page-1/#comment-765215 Maria Thu, 30 Apr 2009 02:00:32 +0000 http://www.bloggingawaydebt.com/?p=2609#comment-765215 Thank you for answering my question(s) Tricia. I really appreciate it and am implementing something very similar. Great job by the way! :) Thank you for answering my question(s) Tricia. I really appreciate it and am implementing something very similar.

Great job by the way! :)

]]> By: 165k http://www.bloggingawaydebt.com/2009/04/answers-to-your-questionspart-1/comment-page-1/#comment-764869 165k Wed, 29 Apr 2009 20:15:25 +0000 http://www.bloggingawaydebt.com/?p=2609#comment-764869 I agree you should pay the mortgage first. Also student loans will go away if the holder passes away, so the spouse would not be responsible, nor would anyone else. The tax deduction is not all that much, so if there's no other debt I don't believe it makes sense to keep them around for that purpose. BUT if there's other debts to tackle in the meantime, then the tax deduction makes sense. All my debt is student loans, but it gives me peace of mind to know no one will be responsible for them if they're still around when I kick the bucket! I agree you should pay the mortgage first. Also student loans will go away if the holder passes away, so the spouse would not be responsible, nor would anyone else. The tax deduction is not all that much, so if there’s no other debt I don’t believe it makes sense to keep them around for that purpose. BUT if there’s other debts to tackle in the meantime, then the tax deduction makes sense. All my debt is student loans, but it gives me peace of mind to know no one will be responsible for them if they’re still around when I kick the bucket!

]]> By: Margot http://www.bloggingawaydebt.com/2009/04/answers-to-your-questionspart-1/comment-page-1/#comment-764851 Margot Wed, 29 Apr 2009 18:39:33 +0000 http://www.bloggingawaydebt.com/?p=2609#comment-764851 I hope that eventually, you'll stop thinking of credit cards as being there "just in case." Getting rid of that thinking will help you on the path to financial freedom. You really will be fine now that you have learned how to be financially responsible, knowledgeable and mostly in control of your spending, saving and other financial habits. With that in place - plus the willingness to do anything that's legal and moral to bring in money when necessary - you'll never need to rely on credit cards for living. I know I'll never be in true dire straits because I'll do (and have done) whatever it takes to get by if times get lean, like babysitting (even though others would think I'm too old and too educated for this), pet sitting, yard work, whatever. I hope that eventually, you’ll stop thinking of credit cards as being there “just in case.” Getting rid of that thinking will help you on the path to financial freedom. You really will be fine now that you have learned how to be financially responsible, knowledgeable and mostly in control of your spending, saving and other financial habits. With that in place – plus the willingness to do anything that’s legal and moral to bring in money when necessary – you’ll never need to rely on credit cards for living. I know I’ll never be in true dire straits because I’ll do (and have done) whatever it takes to get by if times get lean, like babysitting (even though others would think I’m too old and too educated for this), pet sitting, yard work, whatever.

]]> By: Pat http://www.bloggingawaydebt.com/2009/04/answers-to-your-questionspart-1/comment-page-1/#comment-764844 Pat Wed, 29 Apr 2009 18:11:50 +0000 http://www.bloggingawaydebt.com/?p=2609#comment-764844 Thanks, Tricia. I've heard plenty about Chase as well. Fortunately I've had decent dealings with them; but, like you, am very careful to pay on time every month. I like the advice about lowering the rate. I've never called to do that so it makes me a bit nervous but the worst they will say is no. I also thought that since our credit limit is different on both it might be better to pay the one down where the limit is lower so the debt ratio on that one isn't as bad. I have to say that since I began reading your blog and a few others I have learned so much and it has really helped me get in gear. Like you say, "I can be debt free!" too!!!!! Thanks! Thanks, Tricia. I’ve heard plenty about Chase as well. Fortunately I’ve had decent dealings with them; but, like you, am very careful to pay on time every month. I like the advice about lowering the rate. I’ve never called to do that so it makes me a bit nervous but the worst they will say is no. I also thought that since our credit limit is different on both it might be better to pay the one down where the limit is lower so the debt ratio on that one isn’t as bad. I have to say that since I began reading your blog and a few others I have learned so much and it has really helped me get in gear. Like you say, “I can be debt free!” too!!!!! Thanks!

]]> By: Tricia http://www.bloggingawaydebt.com/2009/04/answers-to-your-questionspart-1/comment-page-1/#comment-764843 Tricia Wed, 29 Apr 2009 17:59:32 +0000 http://www.bloggingawaydebt.com/?p=2609#comment-764843 Unfortunately, I don't have personal experience with either of them (although I've heard plenty about Chase which makes me leery of them). But, if I had two cards with equal rates, I would flip a coin of sorts - I'd call them both to ask for a lower interest rate. If one says yes, I don't use the extra payment towards them ;) If they both say no, then I'd go with my gut - what company was I more comfortable with. Congrats on the tax refund :) Unfortunately, I don’t have personal experience with either of them (although I’ve heard plenty about Chase which makes me leery of them). But, if I had two cards with equal rates, I would flip a coin of sorts – I’d call them both to ask for a lower interest rate. If one says yes, I don’t use the extra payment towards them ;)

If they both say no, then I’d go with my gut – what company was I more comfortable with.

Congrats on the tax refund :)

]]> By: Pat http://www.bloggingawaydebt.com/2009/04/answers-to-your-questionspart-1/comment-page-1/#comment-764826 Pat Wed, 29 Apr 2009 17:30:05 +0000 http://www.bloggingawaydebt.com/?p=2609#comment-764826 One more question - I want to apply our tax refund to one of two cc balances we have which are on an RBS and a Chase card. You mentioned in your interview with Mr. CC, Tricia, that there are some companies you consider to be worse and/or sneakier than others. Since the interest rates on both these are the same which would you pay down first? One more question – I want to apply our tax refund to one of two cc balances we have which are on an RBS and a Chase card. You mentioned in your interview with Mr. CC, Tricia, that there are some companies you consider to be worse and/or sneakier than others. Since the interest rates on both these are the same which would you pay down first?

]]> By: Pat http://www.bloggingawaydebt.com/2009/04/answers-to-your-questionspart-1/comment-page-1/#comment-764818 Pat Wed, 29 Apr 2009 17:20:02 +0000 http://www.bloggingawaydebt.com/?p=2609#comment-764818 Thanks! Thanks!

]]> By: Tricia http://www.bloggingawaydebt.com/2009/04/answers-to-your-questionspart-1/comment-page-1/#comment-764775 Tricia Wed, 29 Apr 2009 16:26:23 +0000 http://www.bloggingawaydebt.com/?p=2609#comment-764775 Oops! That was my mistake when I copy/pasted. I fixed the link now :) Oops! That was my mistake when I copy/pasted. I fixed the link now :)

]]> By: Pat http://www.bloggingawaydebt.com/2009/04/answers-to-your-questionspart-1/comment-page-1/#comment-764758 Pat Wed, 29 Apr 2009 15:56:39 +0000 http://www.bloggingawaydebt.com/?p=2609#comment-764758 Hi, Tricia Thanks for the great answers and tip about WAHM.com. I tried going to that website/link and it said that it was not found. Do you have another URL? I know that if I could find some side jobs it would help us out immensely. I appreciate your help :) Hi, Tricia
Thanks for the great answers and tip about WAHM.com. I tried going to that website/link and it said that it was not found. Do you have another URL? I know that if I could find some side jobs it would help us out immensely. I appreciate your help :)

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