Comments on: Living On Cash http://jontillman.com/2006/12/12/living-on-cash/ Part of the problem since 1976 Mon, 01 Dec 2008 23:50:41 +0000 http://wordpress.org/?v=2.6.5 By: Living Within Your Means at JONTILLMAN.COM http://jontillman.com/2006/12/12/living-on-cash/#comment-216 Living Within Your Means at JONTILLMAN.COM Tue, 09 Jan 2007 05:37:24 +0000 http://127.0.0.1/jontillman.com/2006/12/12/living-on-cash/#comment-216 [...] If you're new here, you may want to subscribe to my RSS feed. Thanks for visiting! You know, a lot of what I write about here, and what other folks write about, is nothing but old fashioned common sense. Basically, the thing I have been most excited about recently is just living within my means. [...] [...] If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting! You know, a lot of what I write about here, and what other folks write about, is nothing but old fashioned common sense. Basically, the thing I have been most excited about recently is just living within my means. [...]

]]> By: bluntmoney http://jontillman.com/2006/12/12/living-on-cash/#comment-210 bluntmoney Tue, 19 Dec 2006 16:18:05 +0000 http://127.0.0.1/jontillman.com/2006/12/12/living-on-cash/#comment-210 Things really are a lot easier all around when you just pay cash. No worry, no paying more, no guilt. Things really are a lot easier all around when you just pay cash. No worry, no paying more, no guilt.

]]> By: Jon Tillman http://jontillman.com/2006/12/12/living-on-cash/#comment-209 Jon Tillman Sat, 16 Dec 2006 12:35:02 +0000 http://127.0.0.1/jontillman.com/2006/12/12/living-on-cash/#comment-209 <i>The questions I have are, is this a permant choice, or temporary, because we all realize that having established, good credit could be very important at a later time in life.</i> Is credit really so necessary? There is this thing called saving. It's just like credit in that you get to stretch your payments for something out over time. The only difference is that you don't get the item until all of the payments have been made. So, I would like to think that it is permanent, but we never know what the future holds. <i> Also, does it worry you that you might need the credit that has become inactive (eventually), and will have to start it all over again?</i> It is impossible to know what might happen in the future, so I will just have to cross that bridge if I ever get to it. The questions I have are, is this a permant choice, or temporary, because we all realize that having established, good credit could be very important at a later time in life.

Is credit really so necessary? There is this thing called saving. It’s just like credit in that you get to stretch your payments for something out over time. The only difference is that you don’t get the item until all of the payments have been made. So, I would like to think that it is permanent, but we never know what the future holds.

Also, does it worry you that you might need the credit that has become inactive (eventually), and will have to start it all over again?

It is impossible to know what might happen in the future, so I will just have to cross that bridge if I ever get to it.

]]> By: matt http://jontillman.com/2006/12/12/living-on-cash/#comment-208 matt Sat, 16 Dec 2006 04:32:11 +0000 http://127.0.0.1/jontillman.com/2006/12/12/living-on-cash/#comment-208 I lived on cash alone for about 8 years. This was because I had made poor finacial decisions(imagine that) when I was 18 and obtained credit for the first time. In short, during a 5 month span after my 18th birthday, I emassed a debt to the tune of over $10,000 us dollars that I had essentially no way of paying off, even worse, I had no desire to try. Understandably, these circumstances are quite oppisite from choosing to be cash only. However, the end results are similar. Its quite hard to live beyond your means in a cash only concept, and I can see how that is enticing to some one who desires to be within thier means. The questions I have are, is this a permant choice, or temporary, because we all realize that having established, good credit could be very important at a later time in life. Also, does it worry you that you might need the credit that has become inactive (eventually), and will have to start it all over again? I lived on cash alone for about 8 years. This was because I had made poor finacial decisions(imagine that) when I was 18 and obtained credit for the first time. In short, during a 5 month span after my 18th birthday, I emassed a debt to the tune of over $10,000 us dollars that I had essentially no way of paying off, even worse, I had no desire to try. Understandably, these circumstances are quite oppisite from choosing to be cash only. However, the end results are similar. Its quite hard to live beyond your means in a cash only concept, and I can see how that is enticing to some one who desires to be within thier means. The questions I have are, is this a permant choice, or temporary, because we all realize that having established, good credit could be very important at a later time in life. Also, does it worry you that you might need the credit that has become inactive (eventually), and will have to start it all over again?

]]> By: Jon Tillman http://jontillman.com/2006/12/12/living-on-cash/#comment-207 Jon Tillman Sat, 16 Dec 2006 00:03:35 +0000 http://127.0.0.1/jontillman.com/2006/12/12/living-on-cash/#comment-207 If you mean a goal other than not having debt, I disagree. For us at least, the lack of the stress and guilt that debt (including mortgage debt) comes with is reward enough. If you mean a goal other than not having debt, I disagree. For us at least, the lack of the stress and guilt that debt (including mortgage debt) comes with is reward enough.

]]> By: Elroy Jetson http://jontillman.com/2006/12/12/living-on-cash/#comment-206 Elroy Jetson Fri, 15 Dec 2006 21:12:38 +0000 http://127.0.0.1/jontillman.com/2006/12/12/living-on-cash/#comment-206 I know exactly how you feel. My wife and I were like this three years ago when we were saving for a house. As long as we had the goal of the house before us, staying off credit was easy. Once we obtained the goal we feel right back into the credit trap. I really believe that you have to have a goal to focus on why you spend on credit. Otherwise it's to easy. I know exactly how you feel. My wife and I were like this three years ago when we were saving for a house. As long as we had the goal of the house before us, staying off credit was easy. Once we obtained the goal we feel right back into the credit trap.

I really believe that you have to have a goal to focus on why you spend on credit. Otherwise it’s to easy.

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