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06:16 PM
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Lines of credit can be cut if yu get laid off. put cash in savings now instead of making huge credit card payments.
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[quote:Anonymous Coward 642285:MV84MzEwNDFfMTI4NzA1NjRfNkVBRUQzNUI=] Also, if you already have some few thousand in savings at this time, seriously consider moving it into Silver or Gold coins. There are places where you can walk in and buy silver bullion or gold coins one or two at a time and pay something over spot price - but not a huge amount over. Having as little as 20 ounces of gold (today worth about $20k in USD) could well turn into sixty thousand or more and in terms of real purchasing power, I don' know what the upside could be. Substantial to say the least. [/quote]
Original Message
if they suddenly cut your line of credit on your credit cards and you willl need to depend on it to live, if you are laid off, then you will have nothing to fall back on.later.. So the new strategy is to put the spare payment monies into your savings account asap for hard times. .pay min payments on cc .....cause you gonna need 8 to 9 months worth of money to pay all your bills so as to live during long lay offs.. .
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