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Chat Thread: Be Well

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We also did something similar to finance our HVAC after our recent ONSLAUGHT of unexpected home and auto and medical bills came through and then the hvac replacement was gonna be like $15k. A product called Greensky (think it’s a Goldman Sachs product) has a very low fee for you to take out a 12 month interest free loan for things over 10k, we’re just gonna make sure to pay it off before the interest kicks in, which is better than taking the huge lump sum hit to our savings.
 
TownieDeac said:
We also did something similar to finance our HVAC after our recent ONSLAUGHT of unexpected home and auto and medical bills came through and then the hvac replacement was gonna be like $15k. A product called Greensky (think it’s a Goldman Sachs product) has a very low fee for you to take out a 12 month interest free loan for things over 10k, we’re just gonna make sure to pay it off before the interest kicks in, which is better than taking the huge lump sum hit to our savings.
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Yeah we did this for our dog's vet bill that came out to be over $5k. Interest free if paid back in a year and made way more sense than just shelling out over $5k on a random Tuesday
 
I was taking out them lending club loans back in my poor days. Nowadays those balance transfer offers are really tempting. Like I can pick up 2 new pinball machines for a 5% fee that I don't have to pay back in 18 months?
 
dartsndeacs said:
I was taking out them lending club loans back in my poor days. Nowadays those balance transfer offers are really tempting. Like I can pick up 2 new pinball machines for a 5% fee that I don't have to pay back in 18 months?
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This is how they get you
 
TownieDeac said:
Did this multiple times while paying off student loans, and has an overall net positive effect on your credit rating if you pay it off before that interest free period ends.

Think I even did it once with like a $400 balance down bad when I was like 22, tho most have a minimum balance transfer amount.
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I signed up for a 12month 0% introductory interest card for the exact purpose of transferring a balance before I learned that many cards don’t allow you to transfer a balance.
 
Shooshmoo said:
Read an article recently that only something like 35% of Gen Zers tip at sit down restaurants. I'm not usually one to attack younger generations, but what a bunch of assholes.
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There's just a 0.0% chance this is true. Can't imagine it's even close to as low as 35%. Unless there's a super super loose definition on what a sit down restaurant is.
 
As I travelled through Washington state recently I went to a lot of places that automatically included a service charge of 18%. I would have tipped more than that, but when places do that I usually just sign. If it was 15% I would do some math and add more. The practice seemed prevalent there.

There are places in Austin that say their menu prices are higher to pay staff a decent wage and tipping is not an option on the bill. I think this works out better for me because if a certain % are not tipping, or barely tipping, they pay the same as I do now.
 
TownieDeac said:
We also did something similar to finance our HVAC after our recent ONSLAUGHT of unexpected home and auto and medical bills came through and then the hvac replacement was gonna be like $15k. A product called Greensky (think it’s a Goldman Sachs product) has a very low fee for you to take out a 12 month interest free loan for things over 10k, we’re just gonna make sure to pay it off before the interest kicks in, which is better than taking the huge lump sum hit to our savings.
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Pretty sure GreenSky is one of the consumer products that Goldman is trying desperately to unload now after their big consumer push totally flopped lol
 
David Solomon for sure about to get that sweet golden parachute before long.
 
speaking of financial service groups that suck, i saw some headline in one of my dozen daily emails about blackrock predicting some sort of terrible financial calamity in 2024 and then the body of the article was about how they predicted something similar in 2023 that didn't come to fruition but this time it's different

just a bunch of fear mongering baloney
 
JuiceCrewAllStar said:
speaking of financial service groups that suck, i saw some headline in one of my dozen daily emails about blackrock predicting some sort of terrible financial calamity in 2024 and then the body of the article was about how they predicted something similar in 2023 that didn't come to fruition but this time it's different

just a bunch of fear mongering baloney
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The guy from the Big Short is betting $1.6 billion on a recession !
 
JuiceCrewAllStar said:
credit is a scam

but I believe if you're looking for any serious loan in the near term future the underwriter is going to pay a lot closer attention to your activity (paying on time, low balance, etc.) than the score output, so you're doing well in the parts that matter
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Your credit score (and its corresponding tier) directly leads to your mortgage rate. So this isn't necessarily true.
 
We put most of our wedding on a CC and then rolled it over on a 0% balance transfer deal.
 
tigerswood said:
Your credit score (and its corresponding tier) directly leads to your mortgage rate. So this isn't necessarily true.
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Just because folks use the credit score to make other decisions doesn't mean that the underlying metric isn't a scam. Or were you referring to the second part?
 
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