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Boo · 02-01-2005, 07:25 PM

I agree with most of what the prior posters have said. I do believe that a well managed credit card is necessary in this day and age. Just use them responsibly. Pay them in the absolute shortest time that you can. Do not use them for long term or high dollar purchases.

My personal favorite way to save money is a CD ladder. Begin by putting $500 (or more) in a CD. Then create another one ass soon as possible. Make it a monthly goal. Add another $500 at each maturity. After 3 years you will have a nice chunk of change as the first one will be worth approximately $1700. Do the math using your institutions current rates. The nice thing is that you can make a call and have the money putinto your account in minutes in an emergency. It worked for me.

Real estate is a great investment in MOST areas. I suggest taking a realty course before buying if you are not savvy.

02-01-2005, 07:25 PM	#8 (permalink)
Boo Leave me alone! Location: Alaska, USA	I agree with most of what the prior posters have said. I do believe that a well managed credit card is necessary in this day and age. Just use them responsibly. Pay them in the absolute shortest time that you can. Do not use them for long term or high dollar purchases. My personal favorite way to save money is a CD ladder. Begin by putting $500 (or more) in a CD. Then create another one ass soon as possible. Make it a monthly goal. Add another $500 at each maturity. After 3 years you will have a nice chunk of change as the first one will be worth approximately $1700. Do the math using your institutions current rates. The nice thing is that you can make a call and have the money putinto your account in minutes in an emergency. It worked for me. Real estate is a great investment in MOST areas. I suggest taking a realty course before buying if you are not savvy. __________________ Back button again, I must be getting old.