Comments on: The Lost Art Of Saving To Pay Cash For Purchases http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/ Getting out of Debt, Getting off the Couch, and Getting into Life Sun, 29 Jan 2012 16:23:20 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Basil http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/comment-page-1/#comment-8423 Basil Sun, 15 Feb 2009 00:26:40 +0000 http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/#comment-8423 This strategy can be useful when you don’t have a lot of money and need to be in control. This can also be applied to various insurances, for example, instead of paying $5 a months for your washing machine insurance, you can put this amount into your saving account and use it as an emergency fund. This strategy can be useful when you don’t have a lot of money and need to be in control. This can also be applied to various insurances, for example, instead of paying $5 a months for your washing machine insurance, you can put this amount into your saving account and use it as an emergency fund.

]]> By: tina weindel http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/comment-page-1/#comment-7782 tina weindel Sun, 11 Jan 2009 15:11:44 +0000 http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/#comment-7782 I closed two credit card accounts. The first one was easy because it was a new line that I used to buy a lawn mower when mine died. However, the second one was a little more difficult . First of all it was a card that I have had for five years. I have a great credit history with them. The card company tempted me with lower interest rates etc... but I held firm. But part of me had second thoughts about closing the account. I am losing 5 years of great credit history(keeping in mind that I dont plan on using credit again this really should not matter)and I felt like I was really losing something important. Its been 4 days since the account has been closed and now i do not miss the card. I closed two credit card accounts. The first one was easy because it was a new line that I used to buy a lawn mower when mine died.
However, the second one was a little more difficult . First of all it was a card that I have had for five years. I have a great credit history with them. The card company tempted me with lower interest rates etc… but I held firm. But part of me had second thoughts about closing the account. I am losing 5 years of great credit history(keeping in mind that I dont plan on using credit again this really should not matter)and I felt like I was really losing something important.
Its been 4 days since the account has been closed and now i do not miss the card.

]]> By: The Happy Rock http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/comment-page-1/#comment-7632 The Happy Rock Sat, 03 Jan 2009 04:40:10 +0000 http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/#comment-7632 @Tina - Glad to here it. Feel free to drop a line if you ever need some support or encouragement. @Tina – Glad to here it. Feel free to drop a line if you ever need some support or encouragement.

]]> By: tina weindel http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/comment-page-1/#comment-7631 tina weindel Sat, 03 Jan 2009 04:06:55 +0000 http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/#comment-7631 I am in debt in the tune of $10,000 for a resort I bought into. I am going to get rid of all of my credit cards and credit lines. I have excellent credit but I am tired of being in debt even when I have became debt free 4 times. I plan on being debt free in two years or less and paying with only cash. I will log in in 6 months and post how I am doing. Tina I am in debt in the tune of $10,000 for a resort I bought into. I am going to get rid of all of my credit cards and credit lines. I have excellent credit but I am tired of being in debt even when I have became debt free 4 times. I plan on being debt free in two years or less and paying with only cash. I will log in in 6 months and post how I am doing.
Tina

]]> By: lee @ strategiestosavemoneynow.com http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/comment-page-1/#comment-6498 lee @ strategiestosavemoneynow.com Tue, 21 Oct 2008 23:13:58 +0000 http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/#comment-6498 Much of what we see and hear today is based on "instant gratification". If you want something you just go out and charge it - why should you wait? This attitude, of course, is what gets many of us, including myself, into trouble. But there's a lot to be said for waiting and saving up for those major purchases. You actually appreciate them more! Much of what we see and hear today is based on “instant gratification”. If you want something you just go out and charge it – why should you wait? This attitude, of course, is what gets many of us, including myself, into trouble.

But there’s a lot to be said for waiting and saving up for those major purchases. You actually appreciate them more!

]]> By: The Happy Rock http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/comment-page-1/#comment-4745 The Happy Rock Tue, 27 May 2008 15:19:10 +0000 http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/#comment-4745 @Pete - ING let's you have as many savings accounts as you want. I currently have ~12 savings accounts, one checking, and one mortgage through them. Recently when I was on the phone with ING support and they even called them accounts/goals. @Pete – ING let’s you have as many savings accounts as you want. I currently have ~12 savings accounts, one checking, and one mortgage through them.

Recently when I was on the phone with ING support and they even called them accounts/goals.

]]> By: Pete @ biblemoneymatters.com http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/comment-page-1/#comment-4744 Pete @ biblemoneymatters.com Tue, 27 May 2008 14:46:02 +0000 http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/#comment-4744 We just bought some converters for our Old tvs as well - $20 after the coupons and we're set! The tvs feel like new ones (to a degree). I agree completely about saving up for purchases. We just started the Dave Ramsey financial peace university -and he really stresses paying cash for everything. I'm looking into setting up a separate savings account that allows separate accounts - It sounds like ING allows you to do that? We just bought some converters for our Old tvs as well – $20 after the coupons and we’re set! The tvs feel like new ones (to a degree).

I agree completely about saving up for purchases. We just started the Dave Ramsey financial peace university -and he really stresses paying cash for everything. I’m looking into setting up a separate savings account that allows separate accounts – It sounds like ING allows you to do that?

]]> By: Sue http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/comment-page-1/#comment-4120 Sue Fri, 21 Mar 2008 00:14:18 +0000 http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/#comment-4120 Thanks. Just wanted to make sure that I wasn't missing something. We don't have cable and we are going to try the converter box to start. Thanks. Just wanted to make sure that I wasn’t missing something. We don’t have cable and we are going to try the converter box to start.

]]> By: The Happy Rock http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/comment-page-1/#comment-4119 The Happy Rock Thu, 20 Mar 2008 21:27:22 +0000 http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/#comment-4119 @Sue. You are right! Right now we have cable at a reasonable price, but I am not sure that we will be next year. If that is the case our TV is almost 12 years old and would require converters. I figured we wouldn't be eligible for the free converter coupons, but after looking at the link you pasted there doesn't seem to be any restrictions. So what I am really saying is that we(mostly me) were really just using that as an excuse to treat ourselves to all of the TV technology enhancements that have been made in the last 10 years. It is something that I have wanted for a while. Labeling it s need was a bit of a misnomer! @Sue. You are right! Right now we have cable at a reasonable price, but I am not sure that we will be next year. If that is the case our TV is almost 12 years old and would require converters. I figured we wouldn’t be eligible for the free converter coupons, but after looking at the link you pasted there doesn’t seem to be any restrictions.

So what I am really saying is that we(mostly me) were really just using that as an excuse to treat ourselves to all of the TV technology enhancements that have been made in the last 10 years. It is something that I have wanted for a while. Labeling it s need was a bit of a misnomer!

]]> By: Sue http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/comment-page-1/#comment-4117 Sue Thu, 20 Mar 2008 19:58:41 +0000 http://www.thehappyrock.com/2008/03/16/the-lost-art-of-saving-to-pay-cash-for-purchases/#comment-4117 Hi. I am a little confused by the need to buy a new tv. I thought just a converter box was needed if you don't have cable or another service. http://www.commerce.gov/NewsRoom/PressReleases_FactSheets/PROD01_005167 "Secretary Gutierrez highlighted the digital television transition options available to consumers that rely on free, over-the-air television. Those with older TV sets without a digital tuner, who get programs free by using an antenna, have three options to consider before the February 17, 2009 transition: purchase a converter box and connect it to the TV; connect the TV to cable, satellite or other pay TV service; or buy a television with a digital tuner." "Commerce’s National Telecommunications and Information Administration (NTIA) is administering the TV Converter Box Coupon Program. The program permits U.S. households to request up to two $40 coupons to purchase eligible TV converter boxes for analog televisions, which rely on over-the-air broadcasts. Converter boxes will keep analog televisions working after February 17, 2009, when full-power television stations convert to all-digital signals." Hi. I am a little confused by the need to buy a new tv. I thought just a converter box was needed if you don’t have cable or another service.
http://www.commerce.gov/NewsRoom/PressReleases_FactSheets/PROD01_005167
“Secretary Gutierrez highlighted the digital television transition options available to consumers that rely on free, over-the-air television. Those with older TV sets without a digital tuner, who get programs free by using an antenna, have three options to consider before the February 17, 2009 transition: purchase a converter box and connect it to the TV; connect the TV to cable, satellite or other pay TV service; or buy a television with a digital tuner.”
“Commerce’s National Telecommunications and Information Administration (NTIA) is administering the TV Converter Box Coupon Program. The program permits U.S. households to request up to two $40 coupons to purchase eligible TV converter boxes for analog televisions, which rely on over-the-air broadcasts. Converter boxes will keep analog televisions working after February 17, 2009, when full-power television stations convert to all-digital signals.”

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