Car and Credit Card.
My strategy for personal transportation was buying something cheap. Under $1000. No car note. Cheaper insurance. No interest to worry about.
I own my fucking vehicle. No repossessions.
It won’t fuck my credit up. Drive whenever and however.
Deal with issues and possible breakdowns. Shit will break. It’s a matter of what and when sometimes. You just hope it’s something small like a sensor.
So if you go long periods without having to service or repair then the gamble pays off. You’re not paying any car note and saving money.
If the car continually gives you problems then buying a new car is probably better. Then the gamble backfires. Some cars lend themselves to buying used than others.
I probably wouldn’t get a credit card. If you do get a credit card, leave it at home. It’s harder to buy unnecessary shit this way.
Money and budgeting is important. Just my tidbits of advice.
What is the Debt Limit?
The federal government can borrow money to pay its bills, just like taking out a loan. The debt limit is the maximum amount that Congress allows the government to borrow, similar to the credit limit on a credit card. The government will exceed the current debt limit of $14.3 trillion dollars on August 2 unless Congress votes to raise the limit before that date.
Raising the debt limit would let the government borrow enough money to pay bills that it already owes, such as Social Security and Medicare benefits, military salaries, interest on the national debt, and tax refunds. It does not mean that the government has decided to spend more money.
According to the U.S. Treasury, “Failing to increase the debt limit would have catastrophic economic consequences. It would cause the government to default on its legal obligations – an unprecedented event in American history. That would precipitate another financial crisis and threaten the jobs and savings of everyday Americans.”
This isn’t the first time that the government has reached its debt limit. The limit has been raised, extended, or revised 78 times since 1960.
Learn more about the debt limit from the U.S. Treasury.
The Feds are on Tumblr! Wow!! Obama is with it. And this debt issue is serious. But also a a great opportunity to define the nation. Could go either way.
Maybe the debt ceiling was the wrong place to pick a fight, as it related to trying to get our country’s house in order…maybe that was the wrong place to do it
GOP Senator Bob Corker • In a shockingly frank admission that the Republicans overplayed their obstructionist hand. The phrase “pick a fight” implies antagonism for antagonism’s sake which, if one reflects on the Republican party’s behavior over the last three years, would seem an appropriate implication. Another Senate Republican, Lindsey Graham, had a similar confession: “Our problem is we made a big deal about this for three months…we’ve got nobody to blame but ourselves.” Yes, indeed. These confessions bode well for the prospects of a deal passing the Senate, but the House remains another question entirely. source (via • follow)
Obama has to be smoking at least a pack a day dealing with the GOP.
Star Wars: The Lost Episodes!
Obama brings balance to the force. And will try to do the same with the budget!!