tag:blogger.com,1999:blog-37697766.post7629441026125204164..comments2023-10-01T07:59:30.295-07:00Comments on Grad Money Matters: Spending Habits That Defy LogicUnknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-37697766.post-90202041830760730072007-11-13T06:10:00.000-08:002007-11-13T06:10:00.000-08:00Thanks for all the info. I'll read through everyth...Thanks for all the info. I'll read through everything and see if this would be a smart idea for me to make some money!Stephaniehttps://www.blogger.com/profile/17705536790775663797noreply@blogger.comtag:blogger.com,1999:blog-37697766.post-80944446658769657352007-11-12T23:38:00.000-08:002007-11-12T23:38:00.000-08:00I'm a little of both. It just depends on the item...I'm a little of both. It just depends on the item. I can and do frequently save up for things I want to purchase. But the larger the price tag, the more likely I am to use credit in one form or another. It is not uncommon for me to pay off the note or credit card in just a few months though. I generally don't buy unless I have a well laid out plan to pay for it.A.J.https://www.blogger.com/profile/13303043698673355551noreply@blogger.comtag:blogger.com,1999:blog-37697766.post-6167320449460800132007-11-12T20:05:00.000-08:002007-11-12T20:05:00.000-08:00Stephanie: The basic idea is simple - accept the b...Stephanie: The basic idea is simple - accept the balance transfer offers that come in the mail with 0% introductory APR and low transfer fees. Many of these credit card companies offer balance transfer checks and some even deposit the amount directly into your bank account. Every month you make sure you pay a little more than the minimum amount, and in the mean time, the money sits in your bank account earning interest. When the introductory period for the 0% offer ends, you either return the money or roll it over to another 0% APR card. <A HREF="http://gradmoneymatters.com/2006/12/large-credit-lines-on-credit-cards.html" REL="nofollow"> Here</A> is an article I wrote sometime back about the basics of credit card arbitrage game. <A HREF="http://gradmoneymatters.com/2007/06/credit-card-arbitrage-plus-image-of.html" REL="nofollow">Here</A> is another that has a bunch of questions to determine if this game might work for you. Finally today, I posted <A HREF="http://gradmoneymatters.com/2007/11/what-to-look-out-for-before.html" REL="nofollow">one more</A> with a list of things to watch out for while transferring balances. I hope that helps.<BR/><BR/>Patrick, FinanceAndFat: Based on your comments I am beginning to wonder if everyone has some kind of a dichotomy when it comes to spending habits. Maybe everyone just does what is best in that particular situation (like Patrick mentioned), but since we read only snapshots on blogs, I end up thinking other people have more clear cut decisive spending habits :)ispfhttps://www.blogger.com/profile/00928097981905476759noreply@blogger.comtag:blogger.com,1999:blog-37697766.post-9165350853901828472007-11-12T09:34:00.000-08:002007-11-12T09:34:00.000-08:00Very interesting (and very honest) assessment.I gu...Very interesting (and very honest) assessment.<BR/><BR/>I guess I don't know which category I fall into yet. I'm still too new at getting my finances figured out. I would like to think that I am the saving for purchases and avoiding loans type of person, but I'm not there yet. I think that suits me best, but it's not how I've lived my life up to now.<BR/><BR/>I think credit card arbitrage is a cool way to make some extra money, but sometimes I think we can get 'too smart' with these financial tricks for our own good too.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37697766.post-35744988019694590362007-11-12T06:15:00.000-08:002007-11-12T06:15:00.000-08:00I'm sorry to hear about the medical issues. I hope...I'm sorry to hear about the medical issues. I hope everything will be fine for you and your family. <BR/><BR/>As for your question, I tilt more toward the save up and pay it off, but I have floated a loan on a credit car before as well. I guess I look for the best deal at the time for my current situation.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-37697766.post-74002223006708929892007-11-12T05:56:00.000-08:002007-11-12T05:56:00.000-08:00I've heard you talk before about taking 0% credit ...I've heard you talk before about taking 0% credit cards and transferring money to online savings accounts to generate extra money. How does this work, exactly? Would love if you could elaborate either in a post or email me. Thanks!Stephaniehttps://www.blogger.com/profile/17705536790775663797noreply@blogger.com