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It's called "playing the float" but works much better when your personal bank account interest is something above 1%.
No doubt. But how much money do you have to find lying in the street before you bend over and pick it up? Letting money slip through your fingers in never a good way to get ahead financially...
You're talking about people who pay their full bill each month, of which there are some. Those who revolve a balance don't get a grace period for any particular billing cycle unless they make full payment of the entire outstanding balance.
Depends on the terms of the card. Best to hunt around. The original example assumed that anything that couldn't be covered with cash at the end of the month would be switched onto an equity line. The alternative if that one weren't available would be to pay down the balance as soon as possible.
Quote:
Originally Posted by InformedConsent
People who live paycheck to paycheck, or are using their credit cards because they're unemployed and have little to no income aren't likely to be in that position.
Not claimed as a one-size-fits-all answer. Many people do have jobs and do not necessarily live paycheck to paycheck.
Depends on the terms of the card. Best to hunt around. The original example assumed that anything that couldn't be covered with cash at the end of the month would be switched onto an equity line.
The Conference Boards' LEI - widely considered to be the best indicator of future economic direction - was up again (for the 6th straight month). This is the fastest 6th month growth rate since 1983 (as the economy started coming out of the "Reagan Recession" of the early 1980's).
"The LEI has risen for six consecutive months and the coincident economic index has increased in two of the last three months. These numbers strongly suggest that a recovery is developing. However, the intensity of that recovery will depend on how much, and how soon, demand picks up."
Just what I've been saying for months now - Recovery is coming (the early stages are already HERE) - the only real questions are "How fast" and "How strong".
Ken
And to think this would have occurred naturally w/o a stimulus. And seeing as more than half of the 'stimulus' is slated to be spent in the next two years it's obvious none of the economic policy implemented by this administration has had any impact whatsoever on the recession. It would have played out like this either way, 'stimulus' or not.
And to think this would have occurred naturally w/o a stimulus. And seeing as more than half of the 'stimulus' is slated to be spent in the next two years it's obvious none of the economic policy implemented by this administration has had any impact whatsoever on the recession. It would have played out like this either way, 'stimulus' or not.
Ah, yeah, sure.
Let's see, for months now we've had the Wingnuts screaming things like "the economy is never going to recover" and "America is heading for economic collapse" - and now that apparently the economy is starting to turn around it's "Well, it was going to happen that way anyway".
LOL
Get your story straight will ya?
Your flip-flopping is hilarious.
And to think this would have occurred naturally w/o a stimulus. And seeing as more than half of the 'stimulus' is slated to be spent in the next two years it's obvious none of the economic policy implemented by this administration has had any impact whatsoever on the recession. It would have played out like this either way, 'stimulus' or not.
We'd already be over 10% unemployment without the stimulus, I bet.
Predictions about the stimulus are fun, but we'll have actual numbers in one week.
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