Comments on: Money Magazine: No Credit Cards and a $5,700 PC http://www.nodebtplan.net/2008/06/26/money-magazine-no-credit-cards-and-a-5700-pc/#utm_source=rss&utm_medium=rss&utm_campaign=money-magazine-no-credit-cards-and-a-5700-pc A personal finance blog teaching you how to live debt free and use credit wisely. Fri, 10 Feb 2012 15:18:07 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Alison @ This Wasn't In The Planhttp://www.nodebtplan.net/2008/06/26/money-magazine-no-credit-cards-and-a-5700-pc/#comment-1717 Alison @ This Wasn't In The Plan Sat, 05 Jul 2008 21:44:01 +0000 http://www.nodebtplan.net/?p=282#comment-1717 I agree that credit cards are not the problem. I use a credit card for nearly all of my purchases and pay it off each month. I'm never really tempted to go crazy spending because I follow a budget and I find that that really keeps my credit card use in check. I agree that credit cards are not the problem. I use a credit card for nearly all of my purchases and pay it off each month. I’m never really tempted to go crazy spending because I follow a budget and I find that that really keeps my credit card use in check.

]]> By: Justinhttp://www.nodebtplan.net/2008/06/26/money-magazine-no-credit-cards-and-a-5700-pc/#comment-1602 Justin Fri, 04 Jul 2008 10:44:55 +0000 http://www.nodebtplan.net/?p=282#comment-1602 Id spend that kind of money on a computer, if i had it. Some people like to fish, some people like to take photos, some people like to go dancing. I like computers. Oh, I also work with lasers and the computers we use dont come near to costing $2-3k. That company should change their supplier :P I totally agree with the article though. My dad is actually of the same opinion and he's been preaching that to me for years. He pays his bill upfront every month and never gets charged interest. Up until about 6 months ago i had terrible credit card debt and was paying off loads of money in interest. It was working out at about €20 per month in interest but it was always justifiable.. Well, back then it was justifiable. I wish i had all those €20's back... Id spend that kind of money on a computer, if i had it. Some people like to fish, some people like to take photos, some people like to go dancing. I like computers. Oh, I also work with lasers and the computers we use dont come near to costing $2-3k. That company should change their supplier :P

I totally agree with the article though. My dad is actually of the same opinion and he’s been preaching that to me for years. He pays his bill upfront every month and never gets charged interest. Up until about 6 months ago i had terrible credit card debt and was paying off loads of money in interest. It was working out at about €20 per month in interest but it was always justifiable.. Well, back then it was justifiable. I wish i had all those €20′s back…

]]> By: Livingalmostlargehttp://www.nodebtplan.net/2008/06/26/money-magazine-no-credit-cards-and-a-5700-pc/#comment-1439 Livingalmostlarge Wed, 02 Jul 2008 16:29:06 +0000 http://www.nodebtplan.net/?p=282#comment-1439 Who spends $5700 on a COMPUTER? My BIL is an engineer working with lasers and defense and yet his computers for work are like $2-3k. Updated regularly yes but this is over the top. No wonder the guy got into debt. Sheesh. Who spends $5700 on a COMPUTER? My BIL is an engineer working with lasers and defense and yet his computers for work are like $2-3k. Updated regularly yes but this is over the top.

No wonder the guy got into debt. Sheesh.

]]> By: NtJShttp://www.nodebtplan.net/2008/06/26/money-magazine-no-credit-cards-and-a-5700-pc/#comment-1397 NtJS Mon, 30 Jun 2008 17:24:39 +0000 http://www.nodebtplan.net/?p=282#comment-1397 I don't know much about Mr. Hutter, but I will agree that a $5700 PC sounds quite crazy. At first. Once again, I don't know what he does for a living (the article says broadly "Engineer", but that could mean lots of things), but if he's doing animation or large 3D data crunching, then a system with a high-end professional graphics card (can be a few thousand alone), a ton of ram (some machines can take 64GB), multiple processors (another grand or so), and large LCD monitor(s) would not be unheard of. Then again, maybe he's big into first-person-shooters. I dunno. Gaming rigs can get quite pricey too. But when you're debt-free, you can do what you want. If you've got the cash, then go for it. As for the daily limit, I really hate that they claim to have been able to lift it because he "has good credit". Credit? Why on Earth would that matter?? It's a DEBIT card! The bank will temporarily lift it just by you requesting it. They don't need to check your credit, just your account balance, if they'll even do that (which I doubt). I've had to do this before. It's a pain if you don't know about it. Just something you have to be aware of going forward. Really not a big deal. I don’t know much about Mr. Hutter, but I will agree that a $5700 PC sounds quite crazy. At first. Once again, I don’t know what he does for a living (the article says broadly “Engineer”, but that could mean lots of things), but if he’s doing animation or large 3D data crunching, then a system with a high-end professional graphics card (can be a few thousand alone), a ton of ram (some machines can take 64GB), multiple processors (another grand or so), and large LCD monitor(s) would not be unheard of. Then again, maybe he’s big into first-person-shooters. I dunno. Gaming rigs can get quite pricey too. But when you’re debt-free, you can do what you want. If you’ve got the cash, then go for it.

As for the daily limit, I really hate that they claim to have been able to lift it because he “has good credit”. Credit? Why on Earth would that matter?? It’s a DEBIT card! The bank will temporarily lift it just by you requesting it. They don’t need to check your credit, just your account balance, if they’ll even do that (which I doubt). I’ve had to do this before. It’s a pain if you don’t know about it. Just something you have to be aware of going forward. Really not a big deal.

]]> By: Fiscal Musingshttp://www.nodebtplan.net/2008/06/26/money-magazine-no-credit-cards-and-a-5700-pc/#comment-1350 Fiscal Musings Thu, 26 Jun 2008 16:46:18 +0000 http://www.nodebtplan.net/?p=282#comment-1350 I completely agree. People are always looking to blame something external for their financial woes when they're really the problem themselves. I completely agree. People are always looking to blame something external for their financial woes when they’re really the problem themselves.

]]> By: Jeffhttp://www.nodebtplan.net/2008/06/26/money-magazine-no-credit-cards-and-a-5700-pc/#comment-1349 Jeff Thu, 26 Jun 2008 15:11:13 +0000 http://www.nodebtplan.net/?p=282#comment-1349 I think you have the right idea. It's not the credit card to blame, its the loose frame of mind that believes that "I can pay just $20 more per month and have that nice new TV". I use my credit cards responsibly and don't have problems with them anymore. As for the PC, an enthusiast bragging rights box can go much higher. I quickly found an enthusiast box from a quality site that cost just under $13k without any extra configuration from me. (Falcon NW) I'm not the type to live on the bleeding edge, so I wouldnt ever buy a PC that would cost so much and depreciate so fast. I think you have the right idea. It’s not the credit card to blame, its the loose frame of mind that believes that “I can pay just $20 more per month and have that nice new TV”. I use my credit cards responsibly and don’t have problems with them anymore.

As for the PC, an enthusiast bragging rights box can go much higher. I quickly found an enthusiast box from a quality site that cost just under $13k without any extra configuration from me. (Falcon NW) I’m not the type to live on the bleeding edge, so I wouldnt ever buy a PC that would cost so much and depreciate so fast.

]]> By: Momma @ Tales From The Road Less Traveledhttp://www.nodebtplan.net/2008/06/26/money-magazine-no-credit-cards-and-a-5700-pc/#comment-1348 Momma @ Tales From The Road Less Traveled Thu, 26 Jun 2008 14:20:34 +0000 http://www.nodebtplan.net/?p=282#comment-1348 I have to agree with you wholeheartedly here. We carry no credit card debt from month to month. I've never paid interest on a credit card balance. We put our monthly spending on the card and pay it in full when the bill is due. The result? $100 in free travel for every $7500 we pay through the card. As for the computer... the server in our office didn't cost that much! My husband has spec'd out the ultimate gaming machine with all of the bells and whistles for his "daydream" money, and that priced out at $2500. What are they thinking? I have to agree with you wholeheartedly here. We carry no credit card debt from month to month. I’ve never paid interest on a credit card balance. We put our monthly spending on the card and pay it in full when the bill is due. The result? $100 in free travel for every $7500 we pay through the card.

As for the computer… the server in our office didn’t cost that much! My husband has spec’d out the ultimate gaming machine with all of the bells and whistles for his “daydream” money, and that priced out at $2500. What are they thinking?

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