Vic Wasteland Thread

[PENGUYEN]

lady at teller pushing me to raise my cc limit to 9k.

nigga wat da f*k, i cant think of any reason as to why 9k limit would be a good idea for a 21yrol student living at home

[Birds]

Fuark, imagine

Would be the best lad pad of all time

Until one drunk night then bam, you're no different to any other childless same sex couple

[joeyjoejoejuniorshabadoo]

That's because you dont wear Ric's pink jacket

[PENGUYEN]

That's because you dont wear Ric's pink jacket

would go well with red kicks/casio

[joeyjoejoejuniorshabadoo]

lady at teller pushing me to raise my cc limit to 9k.

nigga wat da f*k, i cant think of any reason as to why 9k limit would be a good idea for a 21yrol student living at home

Banking advisor hitting her KPI's is technically a reason

[PENGUYEN]

Banking advisor hitting her KPI's is technically a reason

thats bad mayne. i feel sorry and not sorry for the one potato who takes it, and uses it all thinking that they can just continue their spending habits and keep paying minimum payment. lmfao

[dezz]

lady at teller pushing me to raise my cc limit to 9k.

nigga wat da f*k, i cant think of any reason as to why 9k limit would be a good idea for a 21yrol student living at home

Always trying to get me to up mine to 21k. kunce are dreaming

[UNR33L]

I'm still coming to grips with the whole mortgage thing, only been about 4 months but so much more stress to keep a job, toys or mods forget that! 2 incomes would be so much easier (I don't earn dat dere average wastelander 6figs) had to compromise for unit brah.

Least I got in early, that way when I get married and divorced she can take half

Edited June 9, 2015 by UNR33L

[PENGUYEN]

im too young to know about all this mortgage talk u guys talk about

ill just keep modding my rice bucket and worry about getting a job post grad

[joeyjoejoejuniorshabadoo]

thats bad mayne. i feel sorry and not sorry for the one potato who takes it, and uses it all thinking that they can just continue their spending habits and keep paying minimum payment. lmfao

All depends... if you are paid weekly/fortnightly and have a mortgage with a 100% offset account and pay your card in FULL monthly you actually save money by using the CC

But this is quite unlikely for a 21yo student lol

[PENGUYEN]

whats a 100% offset account

[dezz]

I use my CC for everything, earns points on money I would've been spending anyway

never paid a cent in interest on it so win win for me

[joeyjoejoejuniorshabadoo]

Credit account linked to mortgage that for interest purposes is considered to be part of the mortgage balance

[joeyjoejoejuniorshabadoo]

I use my CC for everything, earns points on money I would've been spending anyway

never paid a cent in interest on it so win win for me

Yup. If you are properly responsible they can actually be a money saving tool that generates rewards.

[Leroy Peterson]

not much work around Victoria at the moment... only positions advertised at the moment seem to be in QLD, WA or NT. Port Hedland/Pilbara can go ead. and so can a 28:7 roster. (unless it was Dezz wage x2 or round abouts)

I would expect them to buy a dive like Leroy had

huh?

also, thats pretty stiff about the fine. least they were reasonable when challenging the fine. the cozzers probably know you'll get let off, but if they retracted a fine they're trying to issue it would make em look pretty stoopid.

[Birds]

Emailing an event manager girl at work whose last name is Dolan

Must try to slip gooby pls into an email somewhere

[joeyjoejoejuniorshabadoo]

Emailing an event manager girl at work whose last name is Dolan

Must try to slip gooby pls into an email somewhere

Pls

[PENGUYEN]

Credit account linked to mortgage that for interest purposes is considered to be part of the mortgage balance

yeah me still no capish

i just signed up for cc cause its free for me, use it for all my personal bills/fines/interweb spendings. always pay in full every month. my idea is that this is showing the banks i can control my financials.

Is this something banks actually look at later on (when i get to actual borrowing), or am i just wasting my time with a cc.

Gives me practice to budget anyways

[PENGUYEN]

so the cc spendings are added to the mortgage, use the rate of the mortgage, and you just pay off cc via mortgage installments?

how does this save money if paying full every month (cc part)?

[joeyjoejoejuniorshabadoo]

Ok

First thing to remember is that interest is calculated DAILY, then charged periodically (usually monthly)

Say you have a mortgage of $100k, get paid $5k a month (net) as ~$1150 per week.

Your pay goes into your offset account (normal bank account) and just sits there as you are using your credit card for everything.

While the money is in the offset account your interest is calculated on the loan balance minus the offset balance each day. So if you have $5k in there your interest is charged on $95k despite the borrowings of $100k.

The credit card is interest free for 30 days which allows you to have more days with the balance sitting in your transactional account offsetting the mortgage balance.