Re: Re: How can people afford everything?


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Posted by Joe Baker on September 13, 2000 at 14:04:43:

In Reply to: Re: How can people afford everything? posted by Rick Denney on September 13, 2000 at 12:11:12:

Rick, I won't compare scars with you, but not because I don't have them!! I agree with everything you wrote, but I think it's worth stressing that with the 90 day reserve you can afford to continue ALL of your payments, including those on the card, while you pursue other work and liquidate your "brassets"!

Also, my Dad had a great way to sum up proper use of cash and credit: "make a dollar do the work of a dollar and a quarter, don't make a dollar and a quarter do the work of a dollar". In other words, try to have cash on hand and wait for a sale or negotiate a discount, rather than rushing out to buy what you want immediately and having to pay finance charges!

Joe "My Dad was the smartest guy I ever knew" Baker


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