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[bob ford <bobford79 AT yahoo.com>]

Thank's Don.  james also mentioned a debit card.  I guess I really never 
thought they were that much different than credit cards.  I've never used a 
debit card, I don't even use an atm card, too many numbers and too much 
danger.  ....bobford 



----- Original Message ----
From: Don Bowen <don.bowen AT earthlink.net>
To: homestead AT lists.ibiblio.org
Sent: Sunday, September 7, 2008 12:28:26 PM
Subject: Re: [Homestead] Fannie/Freddie bailout question

>  I would be willing to give up the convenience, But, how do you rent a
> motel room?, rent a car?, rent a truck or trailer from U-haul?, buy
> something from ebay or amazon, etc?, buy an airline ticket?  I don't know
> a way to do any of those things (and others)  without a credit card.
> Please explain how you do those things that pop up in life , now and then,
> that require a CC.

I do have a debit card.  It looks like a credit card and every place I have
tried it has accepted it.  The big different is that you have to have the
money in the account.  I have used it to pay for a hotel room and buy from
Amazon.  And I have used it to rent a car.  eBay has its paypal and that
works well in itself.  As for some of those other things I cannot afford
them so it is not a problem.

Don Bowen  KI6DIU
http://www.braingarage.com/Dons/Travels/journal/Journal.html

> -----Original Message-----
> From: homestead-bounces AT lists.ibiblio.org [mailto:homestead-
> bounces AT lists.ibiblio.org] On Behalf Of bob ford
> Sent: Sunday, September 07, 2008 12:41 PM
> To: homestead AT lists.ibiblio.org
> Subject: Re: [Homestead] Fannie/Freddie bailout question
> 
> 
> Don, you wrote: "
> 
> "I do not have a credit card nor do I have any other debt"
> 
> How do you live without a credit card?  I pay mine off at the end of the
> month so I don't pay interest; But, I don't like the idea that everything
> thing I do can be tracked and traced and recorded permanently because I
> use a CC for practically everything.
> 
> ....thank you....bobford
> 
> 
> 
> 
> 
> ----- Original Message ----
> From: Don Bowen <don.bowen AT earthlink.net>
> To: homestead AT lists.ibiblio.org
> Sent: Sunday, September 7, 2008 10:15:48 AM
> Subject: Re: [Homestead] Fannie/Freddie bailout question
> 
> > Don, you have a better understanding of the intracacies than I could
> > gather from reading the material I have read.  I just don't understand,
> > why being debt free is good.  I have always believed that until
> recently.
> > I wish I had leveraged all of my hard assets into cash a few years ago.
> > Everyoner one else walks away from their responsibilities with no shame.
> > What benefit did I receive by living responsibly?.............bobford
> 
> Debt is a tool just like an ax.  If you borrow my ax you owe me an ax.  If
> you are a good debtor you return the ax with out damage and maybe with a
> better edge.  The better edge could be considered the interest.  Many of
> us
> have bought major purchases with debt then repaid that debt.  I bought a
> new
> pickup ten years ago with debt.  I needed a pickup and debt helped me buy
> it.  I have since taken good care of it and it now has almost 180,000
> miles
> and will pull me any my home to North Carolina in a month.  Many of us
> have
> used debt to pay for education, tools, homesteads.
> 
> Where I think irresponsibility in debt comes into play is when you rack up
> much more than you can handle and when you buy things of no lasting value
> such as a trip to Cancun.  When you rack up debt for ephemeral things and
> that debt gets high enough that you are burdened by it then that is
> irresponsible.
> 
> Take another closer to home example.  There is nothing wrong with a few
> quality beers while relaxing but there is a lot wrong with taking on two
> cases a day.  One is a pleasure while the other is alcoholism.
> 
> I do not have a credit card nor do I have any other debt.  My pickup was
> paid off many years ago.  The sale of a house paid for my trailer.  I have
> payments to an ISP, web host, cell phone, and storage but all are
> manageable.  For large purchases I have some small savings that if I am
> careful and they do not cut Social Security will last for a long time.
> 
> Don Bowen  KI6DIU
> http://www.braingarage.com/Dons/Travels/journal/Journal.html
> 
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