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$40K on the credit card, $125K on the mortgage, $1K monthly bills. How do YOU survive Obamanomics?
6/01/11 | Libloather

Posted on 06/01/2011 6:57:16 PM PDT by Libloather

You're pretty close to being toast. Nerves are frazzled, homes are being evacuated, jobs lost and families are torn apart.

Oh, the rookie Hussein has performed magic, all right. Kinda nuts. But it's what Barry King planned all along. This is his vision. Wealth distribution. And it's only getting started.

How do you make it? Old money, new money, food stamps, living with the folks, moving in with the neighbor? How are you doing it?

Are there any really good tips to make it through the Hussein years?

And don't give me any guff on that '$40k on the credit card' remark. I hear the commercials. You know the ones who say, "Do you owe over $100K to the IRS?" HOLY CRAP! Are you kidding?


TOPICS: Crime/Corruption; Editorial; Government; News/Current Events
KEYWORDS: bills; credit; cwii; gold; loans; miseryindex; mortgage; obamanomics; obamunism; silver; steelandlead
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To: chris_bdba

out of pocket


201 posted on 06/02/2011 10:29:47 AM PDT by CornBred
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To: Libloather
$40K on the credit card, $125K on the mortgage, $1K monthly bills. How do YOU survive Obamanomics?

We got lucky. We paid our mortgage off in 2007, pay off credit cards in full every month. The wife's car should be paid off later this year.

My wife checks for sales and uses coupons when shopping. I am the only income earner in the household, but we make do with my salary. We have a lot in savings and some stocks and bonds.

202 posted on 06/02/2011 10:58:24 AM PDT by Arrowhead1952 (zero hates Texas and we hate him back.)
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To: madison10

Is your savings paying more than the credit card? If not, pay off the card with non-retirement savings.

If your savings is paying more than the credit card, take the card to the max and put it in savings. :)


203 posted on 06/02/2011 11:15:41 AM PDT by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
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To: hinckley buzzard

“I pay about $50 more than the minimum on each one every month,”

If you are doing so well on investments, borrow to the hilt on the cards and just make minimum payments. Otherwise, your plan doesn’t make sense.


204 posted on 06/02/2011 11:19:56 AM PDT by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
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To: Alberta's Child

“My suggestion is to draw down your savings to pay off a credit card, but only if you have at least 4-6 months worth of expenses saved set aside already.”

Illogical. Pay off the credit card and use it for emergencies until your 4-6 months savings is built. Then dump the card


205 posted on 06/02/2011 11:22:50 AM PDT by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
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To: AppyPappy

:) Thanks. That makes total sense.


206 posted on 06/02/2011 11:30:24 AM PDT by madison10
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To: MattinNJ

“reserve 10k for guns, ammo, seeds, MREs, and misc supplies.”

Ridiculous except for the guns. If the SHTF, the survivors will be people who know how to scavenge and live off what is available


207 posted on 06/02/2011 11:30:24 AM PDT by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
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To: Smokin' Joe

Oh, AMEN to that! I have Frugality Fatigue big time.


208 posted on 06/02/2011 12:54:16 PM PDT by reformedliberal
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To: simplesimon

As far as the land line is concerned, I went all the way down to nothing but the phone. It costs about $10/month. I added long distance and local toll calls through a 3rd party provider (one who is affiliated with a pro-life org and donates a percentage of their profits to them). That costs between 3 and 12/month.

I have to have a cell phone for work since I travel a lot.


209 posted on 06/02/2011 2:25:42 PM PDT by Patriotic1 (Dic mihi solum facta, domina - Just the facts, ma'am)
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To: AppyPappy

Agreed, but I can’t scavenge because of health conditions. I hope 6 mos off MREs will be enough. Moot point really because survivors out of NYC will overrun my position w/in a week.


210 posted on 06/02/2011 4:53:21 PM PDT by MattinNJ (Palin/West vs. Obama/Biden.)
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To: Smokin' Joe
but I'm in the middle of the Bakken boom

I talked to a plumber that went up there to check things out. He said the rent for a one bedroom was so outrageous that he could hardly put any money away.

211 posted on 06/02/2011 5:56:27 PM PDT by Sawdring
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To: MattinNJ

MRE’s are an expensive toy. If you have that much money, buy lots of rice and beans.


212 posted on 06/02/2011 6:20:27 PM PDT by AppyPappy (If you aren't part of the solution, there is good money to be made prolonging the problem.)
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To: AppyPappy
Got ton of oatmeal, honey, rice, beans, etc...thanks.
213 posted on 06/02/2011 6:36:16 PM PDT by MattinNJ (Palin/West vs. Obama/Biden.)
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To: Sawdring
Rent is nuts. Better to pick up a cheaper winnebago or something and bring it up, but make sure it has water and a holding tank, shower and toilet. It is not cheap to live here unless you were here before the boom hit and had bought a house, but pay on the rigs (not 9 to 5) is upwards of $20/hour, overtime guaranteed.

Rent runs $1200/mo. and more for a one bedroom apartment if you can find one. Figure three grand or more to move in. I'd be checking out possibilities and weighing them against expenses. A good place to start is here: http://www.theshopperinc.net/viewer.html (start about the middle) for Williston and the surrounding area, there may be something similar in Minot, or Dickinson, and I'd check the Bismarck Tribune because there may be some work in that area due to flood damage (Minot, too). The construction season here is relatively short, but intense. We have up to 16 hours of daylight in midsummer, so the workdays can be longer, and this is a right-to-work state.

The state is business friendly--check out www.nd.gov for info on starting a business here.

As in all things, compare your skill set and talents to available positions and the compensation for those and do due dilligence, then decide if the change is right for you. Keep in mind that winter here is brutal by most standards, but a summer of employment may prove to be helpful for your situation.

High demand positions include semi drivers, especially w/tanker, doubles and hazmat endorsements. Most drilling and workover rig companies pay well, and will train. A clean driving record helps, ability to pass a preemployment drug test is pretty much needed for any really good paying job.

214 posted on 06/02/2011 9:09:26 PM PDT by Smokin' Joe (How often God must weep at humans' folly. Stand fast. God knows what He is doing.)
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To: freedumb2003

No, technically I did not pay into the UI program. I live in Tennessee and the state does not tax the worker, only the employer.

And it’s one of the lowest rates and tax bases in the country which is why we have more employers.

They did up the base and increase the rates a couple of years ago when the so-called fund was, on the fake books, running out. Cost our hotel a retro tax of about $30K. Enough to hire a new assistant mangager in some department.

So the company paid the tax but under the law are liable for eliminating my job. They did “offer” another but more hours and less money wasn’t worth it. Thankfully it’s just a perk and not a necessity.


215 posted on 06/02/2011 10:58:57 PM PDT by Fledermaus (As long as John Boehner is Speaker, conservatives are screwed. He's a coward and a crybaby.)
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To: chris_bdba

Out Of Pocket


216 posted on 06/05/2011 8:53:37 PM PDT by simplesimon (Thomas Paine is weeping. Common sense is gone.)
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