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Originally posted by miket View PostI sometimes get financing for things I could pay cash for. Its called liquidity.
I've done the same in the past, especially if the interest rate was very low.
I've always had income coming in to pay the monthly payment though.
I wasn't paying the payment out of my savings while I was jobless, with the hopes of obtaining another job before the savings ran out.
I guess some people are just more comfortable taking risks with their money and ability to support their families than I am.
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Originally posted by denowt View PostThanks for the support.
I was starting to think maybe I was doing things wrong since people were defending the jobless guy's 15k ranger purchase.
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Originally posted by denowt View PostI've done the same in the past, especially if the interest rate was very low.
I've always had income coming in to pay the monthly payment though.
I wasn't paying the payment out of my savings while I was jobless, with the hopes of obtaining another job before the savings ran out.
I guess some people are just more comfortable taking risks with their money and ability to support their families than I am.
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Originally posted by miket View PostI was merely responding to that particular comment. I agree with pretty much everything else you have written. Personally I have postponed a large purchase due to low oil prices because of the risk even though I still have a job and really doubt I'll get layed off. ( but who really knows? )
Cool, thanks for the clarification.
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Originally posted by txjustin View PostLink?
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My company cut our hours down to equal a 26% gross pay cut. Across the board for 550 offshore personnel. Knew it was coming since they don't want to lay anyone off. Also urine & hair testing over 3,000 worldwide employees in the group of companies that our parent organization has control over. Say GOODBYE to the Dopers!! Good riddance!
Been expecting this since oil started the slide. Good luck everyone.
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Originally posted by ecallarman View Post
Wow, not only cut 30% of their workforce, but stopped contributing to their 401ks!
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This is all terrible. This really reminds me I sometimes take my job for granted(operator at a power plant), including my pay and benefits. Good luck to all being affected. Considered leaving for the oil/gas industry To get away from the shift work, but really am blessed I didnt get the jobs i applied for. Hope a happy medium can be found where everyone is happy but probably never will
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Originally posted by denowt View PostI've done the same in the past, especially if the interest rate was very low.
I've always had income coming in to pay the monthly payment though.
I wasn't paying the payment out of my savings while I was jobless, with the hopes of obtaining another job before the savings ran out.
I guess some people are just more comfortable taking risks with their money and ability to support their families than I am.
I didn't start this thread to warn all guys just most. I could lose my job tomorrow and not worry about buying a new house but I know many who can lose theirs and be worried about food next week so every situation is different.
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