IT BEGINS....THE TAKEOVER THAT NO ONE IS TALKING ABOUT [say goodbye to credit]
👀 CREDIT RED PILL 💊
https://www.youtube.com/watch?v=g0g2PzOjFjY
Banks buying up, changing rules.
Who owns Synchrony Bank? I have a PayPal account, Sam's Club, and Sweetwater, through them.
I have a lot of CC, chasing Welcome Bonuses, and 0 APR. I haven't paid interest in many years. Also, the cashback at merchants adds up.
Really CC's are very bad to have for most people...
Somehow my Grandparents made it into their 80's with 0 credit cards.
My grandparents had a credit card. The traveled a lot most of their lives. They always paid cash for every car. They were not rich just frugal and times were very different in the 70s and before. Also remember most people didn’t need credit before the 80s. You shopped for everything local and most people put it on lay away. In the 90s I always put my daughter’s clothes and gifts on lay away.
Yeah, My grandparents were snowbirds and moved to Fla. they bought a new car cash but paid a mortgage to a relative for their home. Must have been modest interest because they had enough to pay cash for the house, and it was paid off by the time they passed.
My mom was a financial moron and ruined her life with her lack of control. My sisters to a lesser extent. I don't have a lot of money but have always been thrifty and frugal. Had a mortgage on my first home, paid off in 16 years then leapfrogged living in three condos paying cash each time. I built a home abroad and lived there for a few years, so now I own nothing in the USA. At 65 I don't plan on buying again. Rent is cheap compared to home prices where I live.
Few places have layaway anymore.
Yep, obsolete! In my area there aren’t a lot of shopping selections. TJ Maxx, Ross, Grocery Stores, Walmart, Sam’s, Big Lots, Roses & Lowe’s. Ross used to be great for clothes and might still be. Every time I go in they have one register open and 20 in line. If it’s like that I don’t even look around. TJ, Marshall’s & Home Goods are great, I only have TJ. There’s a mall but I don’t go. I use only clean non toxic body and cleaning products so I have to order everything. Target is 💩 even before it went woke🌈 the quality of products went way down. I shop at Roses and Big lots and find basics for the house much cheaper.
I refuse to go to Walmart. Everywhere there is a Walmart, crime increases. If you are looking for trouble, shop at Walmart. Rude patrons, indifferent cashiers, and cheap Chinese and Latin American products, and add shoplifting as the icing. I used to go to Target weekly, until they started with the unisex bathrooms. I only go out of necessity about 1-2 times/year, because I refuse to go to Walmart. All these big box stores are woke now, including Amazon!
Same. I have over 100K in available credit card. I pay everything off monthly. Carry no debt. Will always take advantage of 0% offers if relevant. Keep a LOC handy if needed.
Ayup, and if Trump isn't elected then credit go boom! Kek
Having credit readily available, no questions asked, is never a bad thing for a responsible person. And the 5% back from Walmart, Target, and Amazon basically offsets sales tax.
My Chase Prime has 5% at groceries for about 40 more days. I buy a lot of BOGO at Publix, CostCo every once in awhile. Birdseye chicken Voila for the win. Losing weight on the days I eat that for lunch.
I'd shop more at Aldi etc... but its two buses to go there even though less than 3 miles. Cycle it when winter's gone.
I'd shop more at Aldi's too, but it's over twice as far as Super Walmart, another prominent local chain in my region, and the IGA. About the only time I do is if I have to fly for work since the airport is quite close to that.
There are no buses out by me, but we have a cool bike trail built along old railroad tracks that they removed that goes over trestle bridges across the corners of some lakes and straight into town, population 4k. I ride the UTV down my county road to one of the trailside parking lots and then ride my bike into town from there. And if the weather is crappy I just do delivery or just take the UTV the extra miles into a smaller town where UTVs are legal on nearly every street, but it only has one grocery store.
I know it's stupid, but I enjoy that I don't actually need ID to do that, I only need to have been born before 1988 and have the UTV registered ($30 every 2 years and no emissions tests required).
Nifty UTV on the road
2020 destroyed my buying/selling revenue streams and 2021 buried the contacts, so starting over in 2022 was out of the question (I will be 79 this year). I had to use my Chase card for food deliveries and it is incredible how quickly the debt grows. After it was said and done, the rising % of the usurious cards were infringing on my fixed income, forcing me to begin a debt reduction plan. Right now it is a race between the CC banks going under and my ability to actually reduce the debt. I am finding my fixed income is increasing thanks to increased VA disability pay. I am betting the collapse of the banking industry from excessive derivitive holdings.