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Politics : Politics for Pros- moderated
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To: JDN who wrote (117116)5/30/2005 12:36:07 PM
From: haqihana  Read Replies (2) of 793757
 
JDN, Good thinking! After buying one house with a mortgage, and one car with an interest bearing contract, I took the time to figure out how much of the payments went towards the principal, and how much went to interest. From that time on, I have not bought anything that I couldn't pay cash for. Interest is like throwing money into the trash can. Yes, I didn't buy some things that I wanted, but in the long run, was better off by not going into debt.
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