Just as an aside on credit cards it is also not recommend that you have too many credit cards as it does eventually reflect negatively on your credit score (FICO). Alerts will show up on your report showing that you have too many revolving lines of credit.
ok i have a credit card with a stupid 23% interest rate (only cuz i missed a payment about year or so ago) but i never worried because my balance was almost nothing on it. now i needed to come up with some big cash recently and this is my only credit card so i had to use it. i just looked at my current statement and WTF did i just get raped with?
is it possible to get my interest rate chopped back down to 13% where it first was when i got the card or something lower? i havent missed a payment in at least over a year and i still have no idea why they almost doubled my rate with one missed paymentā¦
just pay it off and tell them youāre going to cancel it
if they ask why, say the high interest rate and theyāll probably lower it for you
I have a Paypal question and I didnāt want to make a new thread, so Iām posting it here.
A few hours ago I saw someone selling an iPhone in another forum and thought Iād jump on it. I contacted the seller and check for eBay feedback and everything seemed legit. I sent payment and afterwards I noticed that the Paypal email was also a banned username on the forum for scamming. The personās first name was also part of another username used by the same scammer. I started to think the eBay account was someone elseās and the seller is just using the same username to scam people into thinking itās the same person.
I kindly told the person I changed my mind and asked for a refund. The seller agreed but say that the refund wasnāt going through (which seemed reasonable to me since the money hasnāt left my bank account) and asked that I file a dispute/claim so that the seller can refund me then. I tried to dispute it first, but I got an automatic message saying that the dispute could reach the seller and my only option was to make a claim. I contacted the seller again because I didnāt want to escalate it into a claim unless it was absolutely necessary, but the seller never responded to my PMs from that point on. I filed a claim and continued to contact the seller but no luck.
The money hasnāt left my bank account and that could be the reason for the hold up, but itās making me uncomfortable. Is there a way I can get my bank to cancel the withdrawal by Paypal? Iām with Bank of America by the way.
Just popping in here to say that this is a great thread, and that Iāll probably be checking it out more often, as well as other sites. I should start diversifying my income, but I donāt know where to begin.
The only debt I have right now are my car loan and my OSAP, which I can finish off right now if I wanted (and probably should). Any credit card debt I have is paid in full each month. I suspect that once I do my taxes, Iām gonna owe the government money again due to a stupid situationā¦one more hand in my pocket. Iām also moving to an apartment at the end of this month. Iām not sure what financial goals I should have, other than reducing my debt. I guess it wouldnāt be smart to invest in something when I have all this other debt to worry about.
Visa, since their IPO itās gone up mostly and will probably steadily increase.
Aight, I got a question for the SRK massesā¦
In May, I will be graduating from college and moving out on my own. I will either be starting work at the end of May/early June. What I am curious about is creating a budget for my own and what would be the best way to go about that. Iāve just been assuming how much I would spend per month with regards to food, rent, utilities, etc and just kinda been going off of that.
Also, how much is too much for paying for rent? The stuff Iāve seen online is anywhere from 25-30% for your gross salary. Does this seem about right? The reason why I am asking is that I will be moving in an apartment that will run about 830 a month. After utilities and internet/cable, I figure that it will be around 1k. If going by the 25-30% rule, I will be fine but I was curious about what the SRKers thought about this and any info would be appreciated.
Thanks!
FUCK the IRS
1)rookie out of college so im guessing 22 (Iām factoring 18 HS grad +4 college)
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itās going to vary as everyone is different. creating a budget depends on how you utilize your money properly & how its put to use effectively. Just because you by some half assed cheapo food thats really good (IE campbells chunky soup, good & inexpensive however it quickly adds up on your market receipt) doesnāt necessitate the need to buy proper items to live off of.
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always be on time & never flake on your bills. period unles of course usps is not your friend & decide to send your bills late especially if you own credit cards. credit or no credit regardless of your situation, you need to be up to date and if you havenāt established any credit whatsoever, once you get a stable job, keep the 3 of your most recent pay stubs, go to your bank (hopefully a credit union) show them youāre responsible & that you have no debts & theyāll start you off. Eventually once youāre used to your routine, being on time with the aforementioned & so forth, you should go ahead and sign up for another credit card (like a best buy or circuit city card or what have you) & use it wisely, only on things you can afford while on the other hand, with your primary use it to go out with chicks, some food nick nack shit etc that you know you can pay off without a hitch & stick with it.
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break it down as follows: rookie finally starting a life of responsibility a)moving in + deposit = 80% b)food = 5% c) furniture 2% d)bills = 10% e)extraneous = 2% (optional) bitches = 1%
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thatās a more realistic outlook as when you first live on your own. if your living with roomates, youāre not responsible period. i dont give a shit who says you are when living with roommates but trust me, when you live on your own, then youāll realize the truth otherwise good luck sharing the shower, toilet bowl possible food being eaten when you least expect it & other things I can list but too tired to write as Iām just giving you advice from a real perspective.
Lastly, welcome to the real world. Again I can write a lot more but, you should be able to figure it out for yourself sooner or later. however, dont be surprised if you
get overwhelmed when youāre free for the first few weeks because reality is going to set your ass straight. be optimistic & dont stress out & you should ok rookie :looney:
looks like someone owes alot to the irs :lol:
I had to pay the IRS so much damn money this year its ridiculous. Just so old people/fat people can get FREE motorized carts. FUCK THAT!
Iām about to cancel my miles card once I pay off this monthās bill. Iām caught up, the annual fee is a killer, and while the extra benefit of a mile per $1 spent is there, I donāt fly as much as I thought I would be.
ā¦although it WAS nice having that $25k spending limit. Even though I never went past 1k. 
Income tax is not a law. When will americans stand up?
Oh god shut up. Yeah, good luck trying to beat the IRS on a technicality.
but tax evasion is so shut the fuck up.
anyways, for those asking as to what stocks they should invest in, you are asking the wrong people. Go out and research and study the market. DO not be stupid and follow a stok because so and so said its on the rise. Research.
everything you said is truth to the truthiest power.
i dare you not to pay your taxesā¦ill give you 5 dollars!
anyone on updown.com yet?
The real dare is when you do it with me. Together we stand. We the peopleā¦
Man, take that shit somewhere else.
As for investing, I am not looking into doing ANYTHING for a couple of years until this economy gets stable again. So ATX is right, iām sitting back and seeing whats going to be the new āhotā thing in the future. Right now, I am banking on alternative fuel companies (whomever makes the hybrid batteries). Going āgreenā seems to be the trend that everyone is pushing right now. (Donāt think its going to end there either)
haha. Thanks for the info.
I was calculating a budget to get a rough idea of what I would have to deal with and Iām pretty sure that Iām gonna be just fine. The way I figure it:
1k - rent/utilities/internet/cable
250 - food
150 - college loans
100 - phone
100 - gas
100 - car insurance
From here, the rest I have can go to to savings, entertainment, and whatever else that might come up.
Its rare I post here since Iām not great with moneyā¦but Iāve been down FEs road for a while now. I donāt know what your making, nor your vehicle outlook, so Iād toy around with it a bit. Also factor in Iām living in Washington DC area.
Iām accustom to rent costing 2 paychecks or less granted I get paid weekly. I pay exactly 32% of my income on living arangements currently. Fortunatly this also covers heating/elec/trash/water. Add on internet no cable - and my ānecessaryā living is taken care of for less than 40% of my income. From there everything else is pretty stable. If my rent went up, it would hurt me greatly. I donāt seem financially strong cause of my carā¦did tons of research on teh car and not enough on financiing it. Add bad credit and Iām stuck with a c-note of 633 a month for a 26k car. So Iām a bit off. If you need a car and can ācover itā with 15% of your income or less your in good standing.
Small pieces of adviceā¦
Up dat gasā¦alot
Up dat food.
Unless you can walk to work, the 4 bux a gallon is going to eat ANY car up. My commute to work is small - about 40 minutes one way - and at current prices Iāll eat 100 bux a week while getting about 21+ mpg. If your riding public transit to work, factor that in, between parking and rising cost for the bus, shit adds up too.
The cost of āhealthyā food is going to continue to creep up. Whiel gas has immediatly raised the price of āfreshā stuff like milk and meats, - gas aint coming down so neither are their prices. On top of that anything corn related is going to explode in costā¦thanx to gas lol.
So ALWAYS over estimate the cost of gas and of food. ITs paints a more realistic picture. If there is a significant other involved, do the math expecting to eat out at least 3 times a week this does not mean your going to or if you do that they are expesnive.
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