Personal Finance and Investing

3Hotdogs

(14,382 posts)

12. Me? I go to TD bank on the first or second of the month. I withdraw $50 in 1's, 360 in. 10's and

Wed Jul 2, 2025, 11:05 PM

Jul 2

$300 in 20's.

That takes care of eating out plus tips, gas where there is a charge for credit cards and most repairs that are done at the house or the car. Most months, there are no repairs so what is left over, goes into savings. Then it goes into investments.

I use credit cards. I use them when I get gas and get 4 or 5% back.AND there is no extra charge for using the card. I use credit at the food market where I get 3% back from a different card. I pay it all at the end of the month.

It is the end of the 2nd day of July. My outstanding credit card balance is now at $62.66. It will reach several hundred at the end of the month. On August 1st., the balancer on the three cards will be $.00.

Good luck.

P.S. My house ain't gonna be featured in "Better Homes and Gardens." My car is not a babe magnet (neither am I). But both are paid for and my net worth is over $1m and with an income that never reached over $90k.

I am now retired.

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Marthe48

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I have a question about something, please [View all] Marthe48 Jul 2 OP

One explanation is that if you don't have a loan, you do not generate a record of payments question everything Jul 2 #1

I had friends with no credit score Marthe48 Jul 2 #3

That is true for not having any loan. The loan in question, seems to be a personal or maybe auto loan. 3Hotdogs Jul 2 #5

It was a car loan Marthe48 Jul 2 #8

Paying it off, had a more important benefit: You stopped paying money to the car loan company. 3Hotdogs Jul 2 #10

My grandfather once told me that paying interest (or rent).... lastlib Jul 3 #13

I use my credit card for gas Marthe48 Jul 3 #14

more accounts (that are active, paid regularly and on time) stopdiggin Jul 2 #2

It's a labyrinth Marthe48 Jul 2 #4

That is because the company gets to ding the merchant. And better, if you don't pay it at the end of the month, they 3Hotdogs Jul 2 #11

Your credit score is opposite of any common sense. You pay your bills it goes down, you doc03 Jul 2 #6

I have trouble with cash payments - actually I prefer to pay cash, but progree Jul 2 #7

My ATM offers 20s and 5s Marthe48 Jul 2 #9

Me? I go to TD bank on the first or second of the month. I withdraw $50 in 1's, 360 in. 10's and 3Hotdogs Jul 2 #12

You're making the cards work for you Marthe48 Jul 3 #15