Stupid Tax - Page 2
Page 2 of 2 FirstFirst 12
Results 16 to 21 of 21

Thread: Stupid Tax

  1. #16
    Registered User Cricketlegs's Avatar
    Join Date
    Aug 2006
    Location
    Texas
    Posts
    3,995
    Post Thanks / WTG / Hug
    Rep Power
    27

    Default

    I don't know what a HELOC is but after this thread I sure don't WANT one lol!

  2. #17
    Rude and Vile Master Greebo's Avatar
    Join Date
    May 2008
    Location
    Baltimore, Maryland
    Age
    45
    Posts
    8,562
    Post Thanks / WTG / Hug
    Rep Power
    77

    Default

    Quote Originally Posted by Cricketlegs View Post
    I don't know what a HELOC is but after this thread I sure don't WANT one lol!
    A HELOC is a Home Equity Line of Credit. Say your home is worth $200,000 and you owe $150,000 on it. That means you have $50,000 of equity in your home. A HELOC lets you convert that equity into cash. The interest rates tend to be higher than mortgages but lower than cards and cars, because you're putting your home up as collateral.

    Are they convenient? Yes. But they're still debt, and still have a stupid tax associated with them, not to mention the added risk of if you fail to pay back a HELOC, they can foreclose, just like a mortgage, I believe.
    If you could kick in the pants the person responsible for your problems, you wouldn't be able to sit for a month.

    Did you know that a 4 year student paying $20,000/year who finances their education graduates with over $103,000 in debt to start? But a student who works and pays cash and takes 6 years to graduate ends with $6,300 in their pocket! So much for "getting a head start by financing!"


    Greebo
    (Nerd Spender): Loving and extremely patiently tolerated husband of ceashels.
    WARNING: Y Chromosome behind the keyboard. Adjust your listening filters appropriately!

    Three
    Two mortgages, two one no car loans, one no credit cards, and a partridge in pear tree!

  3. #18
    Registered User Cricketlegs's Avatar
    Join Date
    Aug 2006
    Location
    Texas
    Posts
    3,995
    Post Thanks / WTG / Hug
    Rep Power
    27

    Default

    ohhhhh that! LOL!

    Yes I already informed dh a while back that we would NEVER do that.

    no no no no...NO!

  4. #19
    Registered User itsahumanzoo's Avatar
    Join Date
    May 2007
    Location
    Orange County California
    Age
    29
    Posts
    1,992
    Post Thanks / WTG / Hug
    Blog Entries
    9
    Rep Power
    13

    Default

    Buying a brand new car instead of used. As soon as we drove off the lot we were upside-down. Two years later and we still are. Oh and that extended warranty? That's just another way of saying STUPID TAX!

  5. #20
    Registered User Sonnenwende's Avatar
    Join Date
    Apr 2008
    Location
    Left Coast
    Posts
    271
    Post Thanks / WTG / Hug
    Rep Power
    7

    Default

    Quote Originally Posted by missmanny View Post
    My stupid tax...

    Puchasing probably $1000's of dollars worth of clothes that I rarely wore and now are so out of date (or not the right size) and so I never will.

    I sold a lot of them (at a much reduced price) and gave a heap to good will, but lesson learned.
    Yeah, I am about to put some of them up on Craigslist. I always have that problem when I am shopping for clothes. I only shop for clothes maybe twice a year, but I always end up buying things that just rot in my closet.

  6. #21
    Registered User magnolia's Avatar
    Join Date
    Mar 2008
    Location
    Indiana
    Age
    48
    Posts
    116
    Post Thanks / WTG / Hug
    Rep Power
    7

    Default

    Leasing a minivan for $360 a month for 36 months and at then end of the lease having nothing to show for it. I just had to have that brand new fancy van even though we could not afford it. Bleh... Should have bought a used van.

Page 2 of 2 FirstFirst 12

Similar Threads

  1. Stupid stupid back injury!
    By Daisygirl in forum Health and beauty
    Replies: 24
    Last Post: 02-13-2011, 11:09 AM
  2. You can't fix stupid......
    By Josephhgoins in forum General Chat
    Replies: 36
    Last Post: 01-12-2011, 11:03 AM
  3. Do I -LOOK- Stupid???
    By Lady_V in forum General Chat
    Replies: 19
    Last Post: 12-27-2009, 07:14 PM
  4. Stupid, stupid cornmaze....
    By Daisygirl in forum General Chat
    Replies: 30
    Last Post: 10-26-2009, 05:23 PM
  5. stupid job
    By grneyegrl in forum Careers
    Replies: 8
    Last Post: 01-01-2007, 09:33 AM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •