Very interesing. I can see how that would point you toward more
personal banking. I use credit but am not in debt. I just use it as a
tool. Its a great way to get something more for your purchase. I.e.
cash back, airline miles, purchase protection, etc. I dont know how
many times a bad purchase has been taken care of by a phone call. Its
also very effective to manage cash flow. Cash has very little use to
me, and can be dangerous in some places. I can forsee a cashless or
pretty close to cashless society. Its only a matter of time. Then we
wont have to worry about North Korea counterfeiting our currency.
Its quaint, but it works for you right? :)
Shel Belinkoff wrote:
Our situations are very different. Being self employed, people pay me with
checks which have to be deposited. I only have four bills to pay regularly
- utilities, phone, house payments, and my ISP. I send a check for the
house (as it goes to a private party), the phone company calls me when my
bill has to be paid and we deal with that over the phone, and the utility
bill usually gets paid in a similar manner. My ISP takes the $$ directly
from my debit account. All other purchases are made with the debit card or
with cash. I can't recall when I last wrote a check. I don't buy anything
on credit, so there are no credit card bills to pay. Everything I own,
with the exception of one lens, is free and clear. When I go back to work
regularly, that'll be taken care of.
Yes, I'm very quaint ;-))
Shel
[Original Message]
From: Gonz
Shel Belinkoff wrote:
I go to the bank .... much safer, much friendlier, and it's a nice walk
;-))
How quaint.
I have direct deposit, pay 99% of my bills through bill pay, move money
around different accounts, rarely use cash, finance car purchases, all
online and free. Of course they use my money while its sitting there,
since it earns me a measly interest rate. The only time I go there is
to deposit actual checks someone has given me, i.e. rebate checks. Even
those are starting to get replaced by gift or cash cards.
