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If you can't buy three, don't buy one: Twitter users share their savviest money-saving tips

Discussion in 'The OT' started by Mark Holtz, Jul 7, 2018.

  1. Mark Holtz

    Mark Holtz Day Sleeper

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    I meant to post this from a few weeks ago. From SF Gate:

    If you can't buy three, don't buy one: Twitter users share their savviest money-saving tips
    FULL ARTICLE HERE

    Most of the advice makes good sense. Most of it....
     
  2. billsharpe

    billsharpe Hall Of Fame

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    Use credit cards wisely. Pay them off in full every month. Get cash back, points, or miles as desired.
    Open a credit union checking account. My CU requires only $5 minimum deposit to avoid monthly fees.
     
  3. James Long

    James Long Ready for Uplink! Staff Member Super Moderator DBSTalk Club

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    What is a "$5 bill"? Is that "cash"?
    Living in a (mostly) cashless world.
     
  4. Mark Holtz

    Mark Holtz Day Sleeper

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    Use a price tracking site like CamelCamelCamel for Amazon for stuff that you want, but don't need right away. That way, you can see a price history for the item you want, and set alerts when that product hits a price level you like.
     
  5. AntAltMike

    AntAltMike Hall Of Fame

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    I'll try to remember Suze Orman's list:

    1 Cut up your credit cards
    2 Invest the money you save in monthly interest charges
    2 Cut up your credit cards
    4 Invest the money you save in monthly interest charges.
    5 Cut up your... your... Gee, it's been a long time since I saw one of her PBS fundraisers. I guess I'll have to watch again.
     
  6. Mark Holtz

    Mark Holtz Day Sleeper

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    Uhhhh..... no. I understand the gist of what she is saying.... pay cash for everything, don't pay interest charges. Paying cash gets a sense that money means something.

    I live in the real world, and have done some traveling. If I rent a car, get gas, or book a hotel room, the business puts a hold on the card. If I'm paying with a debit card, that means that there is a hold on the funds in the checking account, which means the funds are unavailable. It takes several days for a hold to get released once you return the car or check out. It's better to use a credit card.

    Do I use a credit card? Yes, it's much easier when paying the bills than writing a check each month. The credit card that I have through my credit union charges 8.29% APR and gives me 1% back on purchases each month. Since I pay off my card each month, it's nice to get to get a little bit of money back.
     
  7. AntAltMike

    AntAltMike Hall Of Fame

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    That's only part of it. The most important part, to her, is that you order her book.
     

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