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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: Yikes!! Paying for everything for Christmas with Cash stinks!!!
I love the system that I use. I NEVER use debit as it's a waste of money.
I use my 1.25% cashback credit card on everything.
To avoid the big bill at the end of the month, I simply make interval payments after I buy items.
So if I buy a $150 DVD player, I make a payment to the credit card for $150 later that day. If I buy $100 in clothes, a $100 payment goes in. It's like paying in cash because the money comes out of my checking account pretty quickly, but I earn the CC rewards and get added CC protection over debit protection.
At the end of the month, my statement typically has a bunch of charges, a bunch of payments, and a NEGATIVE CREDIT BALANCE thanks to my cashback applied.
I just keep doing this and eventually I build up enough negative credit balance to buy myself something nice in a few months (like a $50-100 item in some cases).
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Posted 12/6/08 6:59 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
browneyedgirl
family is all that matters
Member since 6/06 6513 total posts
Name:
browneyes
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Re: Yikes!! Paying for everything for Christmas with Cash stinks!!!
Posted by ave1024
I love the system that I use. I NEVER use debit as it's a waste of money.
I use my 1.25% cashback credit card on everything.
To avoid the big bill at the end of the month, I simply make interval payments after I buy items.
So if I buy a $150 DVD player, I make a payment to the credit card for $150 later that day. If I buy $100 in clothes, a $100 payment goes in. It's like paying in cash because the money comes out of my checking account pretty quickly, but I earn the CC rewards and get added CC protection over debit protection.
At the end of the month, my statement typically has a bunch of charges, a bunch of payments, and a NEGATIVE CREDIT BALANCE thanks to my cashback applied.
I just keep doing this and eventually I build up enough negative credit balance to buy myself something nice in a few months (like a $50-100 item in some cases).
i do the same thing! i usually cash in my cash back and get great gift cards. i'm glad cash works for so many people, but for me, i'm going to buy what i'm going to buy. i'd rather get the cash back bonus since i never ever have a CC balance.
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| Posted 12/6/08 7:31 PM |
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Karen
Just chillin'!!
Member since 1/06 9690 total posts
Name:
Karen
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Re: Yikes!! Paying for everything for Christmas with Cash stinks!!!
Posted by ave1024
I love the system that I use. I NEVER use debit as it's a waste of money.
I use my 1.25% cashback credit card on everything.
To avoid the big bill at the end of the month, I simply make interval payments after I buy items.
So if I buy a $150 DVD player, I make a payment to the credit card for $150 later that day. If I buy $100 in clothes, a $100 payment goes in. It's like paying in cash because the money comes out of my checking account pretty quickly, but I earn the CC rewards and get added CC protection over debit protection.
At the end of the month, my statement typically has a bunch of charges, a bunch of payments, and a NEGATIVE CREDIT BALANCE thanks to my cashback applied.
I just keep doing this and eventually I build up enough negative credit balance to buy myself something nice in a few months (like a $50-100 item in some cases).
exactly what I do. Discover has been very generous with their cash-back programs, so the rewards add up quick!
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| Posted 12/6/08 8:37 PM |
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Faithx2
All good things in 2016!!
Member since 8/05 20181 total posts
Name:
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Re: Yikes!! Paying for everything for Christmas with Cash stinks!!!
Yes it does but it beats racking up cc bills!
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| Posted 12/6/08 10:09 PM |
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2PreciousBlessings
The Perfect Pair
Member since 5/06 19861 total posts
Name:
Best Wife & Mommy
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Re: Yikes!! Paying for everything for Christmas with Cash stinks!!!
Posted by BlessedMommy
Yes it does but it beats racking up cc bills!
ITA!!! At least you don't have to worry about tons of credit card bills.
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| Posted 12/6/08 10:11 PM |
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myboyz
LIF Infant
Member since 12/07 287 total posts
Name:
Gina
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Re: Yikes!! Paying for everything for Christmas with Cash stinks!!!
cash or debit card for me this year except for my macy's card so I could use the excellent coupons they sent to me. But at the end of the month I will pay it off in full.
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| Posted 12/7/08 1:20 AM |
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butterfly20
Party of 5 - 2015
Member since 4/06 7390 total posts
Name:
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Re: Yikes!! Paying for everything for Christmas with Cash stinks!!!
we use credit so i earn gift cards as rewards....... we have a budget set ahead of time broken down by each person so i know when to stop shopping
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| Posted 12/7/08 1:27 AM |
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Tinyswife
My family is complete
Member since 4/07 1819 total posts
Name:
Cathleen
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Re: Yikes!! Paying for everything for Christmas with Cash stinks!!!
I used my debit card for everything this year. The good news is no suprise bills the bad new is I am POOR!!!
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| Posted 12/7/08 3:11 AM |
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GoldenRod
10 years on LIF!
Member since 11/06 26792 total posts
Name:
Shawn
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Re: Yikes!! Paying for everything for Christmas with Cash stinks!!!
CC only, for us! Discover gives you free money if you use their card! We have the cash to pay for it, but by putting it on the card first, you get money back, plus, you can keep track of purchases better, you have better recourse with vendors, and you don't have to carry large amounts of cash with you to the store. That always makes me nervous.
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| Posted 12/8/08 10:09 AM |
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Cpt2007
A new love!
Member since 1/08 5946 total posts
Name:
Liz
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Re: Yikes!! Paying for everything for Christmas with Cash stinks!!!
I put everything on my credit card, sad to say, BUT it's a miles card and we'll be using those miles for a trip next year, so I think it will pay off in the end. We have also budgeted and so have the cash to pay off the bill when it comes in, so this works for us.
But good for you for sticking with it! I know its tough to do!
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| Posted 12/8/08 10:12 AM |
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Ophelia
she's baaccckkkk ;)
Member since 5/06 23378 total posts
Name:
remember, when Gulliver traveled....
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Re: Yikes!! Paying for everything for Christmas with Cash stinks!!!
we are using one credit card, which we will pay in full when the bills comes.
we are racking up crazy points.
I'll be thankful for all the shopping on the cc when I am chillin' on the beach with a piña colada...after getting a FREE airplane ticket. WHOOT WHOOT!  
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| Posted 12/8/08 10:13 AM |
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steph4777
**************
Member since 5/05 11726 total posts
Name:
Stephanie
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Re: Yikes!! Paying for everything for Christmas with Cash stinks!!!
I've been using my debit card that gives us airline miles. We spent almost $2K on black friday. It was painful to see the balance, but it was nice to know that we won't be getting a bill later.
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| Posted 12/8/08 10:30 AM |
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lullabella
LIF Adult
Member since 5/05 2246 total posts
Name:
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Re: Yikes!! Paying for everything for Christmas with Cash stinks!!!
I use AMEX for points and pay in full each month!
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| Posted 12/8/08 10:33 AM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Yikes!! Paying for everything for Christmas with Cash stinks!!!
We have always made a budget for Christmas. We try and use one cc and pay it off with our bonuses that we use for Christmas.
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| Posted 12/8/08 10:58 AM |
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dgirl
LIF Adult
Member since 5/07 1079 total posts
Name:
Danielle
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Re: Yikes!! Paying for everything for Christmas with Cash stinks!!!
Posted by ave1024
I love the system that I use. I NEVER use debit as it's a waste of money.
I use my 1.25% cashback credit card on everything.
To avoid the big bill at the end of the month, I simply make interval payments after I buy items.
So if I buy a $150 DVD player, I make a payment to the credit card for $150 later that day. If I buy $100 in clothes, a $100 payment goes in. It's like paying in cash because the money comes out of my checking account pretty quickly, but I earn the CC rewards and get added CC protection over debit protection.
At the end of the month, my statement typically has a bunch of charges, a bunch of payments, and a NEGATIVE CREDIT BALANCE thanks to my cashback applied.
I just keep doing this and eventually I build up enough negative credit balance to buy myself something nice in a few months (like a $50-100 item in some cases).
We had some really big expenses this year on our CC and did this. We wound up being able to do the majority of our holiday shopping with rewards points this year.
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| Posted 12/8/08 11:02 AM |
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Pumpkin
LIF Adult
Member since 5/05 3353 total posts
Name:
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Re: Yikes!! Paying for everything for Christmas with Cash stinks!!!
I have beening my cc but I have a budget and will have the cash to pay it off as soon as the bill comes in.
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| Posted 12/8/08 8:22 PM |
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