When would PIFers carry?

[longtimelurker]

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@Anonymous wrote:

I suppose for those who lose thousands every year on bad investments, it's just another chance taken.

Some of us smaller fish would at least like half our Money back. lol

I mean there's a BIG difference between $3K and $100K, how could anyone invest that small of amount and get such steep returns?

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Think something like Powerball lottery type thing.   (In fact, with each $3000, we buy one ticket for you.   If it wins big, you get the $100K (and we keep the rest) and if it loses you get nothing.   And we keep most of the $3000 anyway.    Ethical as anything else!)

[wasCB14]

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@longtimelurker wrote:

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@Anonymous wrote:

I suppose for those who lose thousands every year on bad investments, it's just another chance taken.

Some of us smaller fish would at least like half our Money back. lol

I mean there's a BIG difference between $3K and $100K, how could anyone invest that small of amount and get such steep returns?

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Think something like Powerball lottery type thing.   (In fact, with each $3000, we buy one ticket for you.   If it wins big, you get the $100K (and we keep the rest) and if it loses you get nothing.   And we keep most of the $3000 anyway.    Ethical as anything else!)

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I can sell you some Powerball tickets. They're 75% off, and the odds of winning are only 1/100,000,000th less.

[Caught750]

DW was out of work (unpaid) for over 3 months when we had DS a few months back. We are also trying to save for a house and things are insane here financially. They likely will be for another month or two but will settle shortly. That said I haven’t paid a cent of interest to date but may end carrying a small balance on CSP for a month or two.

I still don’t anticipate this costing us more than $100-$150 or so in interest maximum. While I do my best to avoid it sometimes things come up. I have cards with lower APRs but even at 14% as opposed to 18% the difference is pretty minimal. Those cards also don’t have the limits to carry anything and stay below 28.9% Util.

It’ll be a first and it’s kinda got me nervous but I suppose the occasional month or two happens to almost everyone at some point in time!

[Shooting-For-800]

I never pay interest but use 0% all the time.

Just wrote myself a check for $5k on Venture and it cost me $100.

If you have enough credit and cards, you will basically always have 0% available for cash flow.

[redpat]

I floated about a $27k business expense on my personal plat for three months on a 1.99% offer which was lower than our 1% above prime BLOC.  If I have 0% or 1.99% offers I will use them for business spend at times.  Our monthly personal spend is paid on the 28th of each month after our last Amex statement cuts on the 25th of the month (all our August bills are paid on July 28th)

[Anonymous]

I keep a 0% APR intro card around whenever possible. It’s sometimes nice not having to just pay in full right away.

I won’t carry a balance unless it’s at 0% though.

[Anonymous]

i plan to use my Discover with its 0% APR period to finance tires for my car soon as my cash reserves are going to paying a new apartment deposit. So money will be right. And as moving to a new city, i would rather not break into my emergency fund for tires.

As long as you realize your credit lines aren’t your real money, you understand a credit card. I only spend on my Gold card really and I pay that off every week to keep my finances under control.