I took out a Lowe’s credit card because of the 5% discount on all purchases and when I did last fall I got 10% for opening it.

i have been remodeling the basement and picked up a bath vanity, sink, faucet etc and used the Lowe’s card. I just got the bill, was paying for it and noticed the terms.....holy shit 26.99% APR and a up to 38.00 late fee.

Bill was for 420.00. If I paid the 25.00 minimum the interest would add 30.00 to the bill making it more that it was originally.

This might be something you guys know but I don’t have any credit card balances. We use one card for miles and points.

This should be illegal holy fuck.

If any of you guys are in deep with cards I suggest you really try hard to pay em off and not use them. 

Just a public service announcement by Mainecat...lol

 

Edited April 2, 20186 yr by Mainecat

1 hour ago, DAVE said:

Thats only 84g...has it grown at all?

Yes

That' my 55-60 retirement fund

1 hour ago, DAVE said:

Thats only 84g...has it grown at all?

I bet it’s amazing how much it’s grown.  We have a pretty slick tool that estimates how much based on a bunch of variables and assumptions.  

2 minutes ago, DriftBusta said:

I bet it’s amazing how much it’s grown.  We have a pretty slick tool that estimates how much based on a bunch of variables and assumptions.  

Id be curious to know how much...I put a lump sum in a high risk rif in 09 and its a little more then doubled in 9 yrs.

2 hours ago, awful knawful said:

I've been putting $350/ month for 20 years in retirement savings.

 

 

Long term growth for the win. I received a small inheritance of $34,000 in 1990. It became a fund that I’ve played with as a separate lump sum investment over the years. Absolutely astonishing how it’s grown. It’s been a sort of science project. I sat down with my daughter and son and in law and showed them how it’s grown. It was a real eye opener to the two of them. I wanted it to be influential for their future outlook towards money. I think it was. 

Edited April 5, 20186 yr by spin_dry

Yeah I got a decent inheritance in 1984 and a bit more in 85/86?

Never did touch any of it. Invested all of it.

 

5 hours ago, awful knawful said:

Yes

That' my 55-60 retirement fund

That would be my 55-55.5 fund.

6 minutes ago, ArcticCrusher said:

That would be my 55-55.5 fund.

We all know that you’re special. 

45 minutes ago, spin_dry said:

We all know that you’re special. 

SBYL.