How often would you like to cash out your points??

JASON...this does sound pretty logical to me.You ARE right..it would be easier to for us to keep track of our points. I can understand your 'point of view' on this. I'm sure you get BOMBARDED with $10.00 payments alot. I haven't cashed out in a while. I know I sent you a PM about this. Thanks for the reply..BTW!

I am fond of this idea ^_^ It makes it more fun, I think, like we are earning and saving up to either tackle a bill, pay off a debt, or treat ourselves to something we've been wanting but have been responsibly denying ourselves since getting our debts paid down comes first ^_^. It will make it all the more rewarding when we can cashout, I think ^_^

Once a month sounds good. Your accounts department would probably appreciate it! :wink: And, like you said, it'll be easier to keep track of getting a payment once a month instead of $20 here and there.

I would not like to redeem once a month. i usually keep my points for a while. would this mean I would have to cash out every month? I would not want that.

Good point Kash..I think the premise is good...however, I rarely cash in my points, I usually donate them but the few times I have cashed them in I waited until they were significant. Would we HAVE to cash them in each month?

I think it was meant that the MOST we could cash out was once a month. I don't think it was meant that you are REQUIRED to cash out your balance every month.

At least I hope not :( I like the idea of being able to save them for as long as we want.

I actually think , and i know I will get hate mail, but lately there has been much too much emphsis on points. we are here to help, and I think sometimes that fact gets a bit lost.But yeah, I dont want to have to cash them in.

No- I understand where you are coming from. Personally, when I see people with point ranges of 6 digits, the first thing I think is "wow, this person has dedicated a lot of time to this community and has helped A LOT of people".

You're right; the points are a perk of this forum. The real reward I think for all of us is the overwhelming sense of community, and the help, guidance, and support we need for getting control of our debts.

*Sorry if I have made this post too off-topic.

The only time I want to redeem my points is maybe a week before Christmas. I don't come here for the points and I am sure many many people don't which is why I think it's a nice idea to redeem my points a Christmas.

That is a nice idea FYI. I all too often think that some people use this forum as a sort of second income, and it does bug me.I think the points are a nice perk, but I would be here if there were none. The better perk is to help people who are in need.

I don't really like that idea . . . . I only cash in my points when I absolutly need them. To be restricted would really suck when that's the only $30 you may possibly have and you've already cashed out once that month. Emergencies happen, and not to be able to count on your points suck. Especially when they are donated to you from other members . . . . . How much would it suck if a friend of your's here needed financial help, and you and everyone was able to round up the points needed, but then couldn't help because of this rule?

A lot of people really rely on these points for things. I agree that people cashing out every week is a bit too much, but is there anyone really doing that? How many people cash out on a more then monthly basis? Why make a rule when there isn't a problem?

like i said, too much emphsis on points. Leave it the way it is, if it aint broke dont fix it

I agree . . . . If there isn't a problem, why change things?

I think if you're looking for ideas on how to improve things, maybe have someone that will actually bother to answer a member's questions?

I agree with Goudah. Things happen.....emergencies come up and if you really needed those points and had already cashed out you would be out of luck......I think the system should be left the way it is.I guess I didn't realize there was a problem.

I also do not think that any of us here are using our points as a second income. I have been here for a year and I can honestly say that I have probably only earned about $300 in points. I have cashed out more than that but that is because I had an emergency and some great friends donated to me. But every little bit helps. I had that emergency and my points helped me pay a very important bill. If I had already cashed out that month and I couldn't cash out again, my home would have gone into foreclosure. Recently, as many of you know, I had surgery and was off work for two months. The few points that I have cashed out since then have gone towards my overwhelming medical bills. I don't think there is too much emphasis on points unless I missed something when I was gone.....we are all helping people but it is really nice when we are rewarded for it also.

Well, I was going to say I don't have a problem with the new rule, however, after reading Sassnlucy & Goudah's post, I am inclined to agree with them. I have only cashed out my points one time, recently (THANKS!), and doubt I will be doing it again until I have a reasonable sum built up again, or a dire emergency happens. But yes, I must agree with the above posts on this matter.

Putting a restriction on cashing out points it restricting the members chances of helping themselves or other's out of tight spots.

Why would we want to restrict our ability to help someone out?

Very well said, Goudah! :D

How do you do this?

Are you asking how to cash out your points?

If so, PM


edited by Goudah



Good luck!

You are priceless !!!!!!!

I am not really huge on points. However, I think quarterly would be a great idea. FYI also had a great suggestion,maybe around holidays,whatever they may be.

I agree that too many individuals depend way too much on "cashing in their points!!"

If you need a few dollars that badly get a paper route!!!

On the other hand if a person is in a jam,and points need to be donated,maybe an exception can be made.

To be honest I donated all my points and I don't even know what the points are worth! This sight has helped me and others so much that I feel like the sight itsself is my "reward".

That is a great attitude Angell. Just so you know, each point is worth one cent

Roadwarrior, we all know where you stand on the point system. I don't see where anyone said they depended on their points. I said that they are helpful in a jam or for whatever reason one wants to use them for. I think it is a person's own business how they want to use their points and they shouldn't have to explain that to anyone. Obviously you have never been short a few dollars, and if you were I hope that the paper route took care of it for you.

Thanks Kash and you are one of the main ones that have helped me so much! I've learned so much from this forum that I have told several others about it. With the current state of the economy I feel like there sould be more exposure for it so that others can get the advice they need. Our local paper is always looking for people to comment on ways they are cutting back and I think the next time they are looking for people to contribute to their articles I am going to mention this sight to them.

I have never depended on my points as an income-I would be really hungry if I did, they are just a plus. I don't cash in until they have built up, however, I have had to cash in when I needed money for gas to go back and forth to the hospital.

I don't know whether we need to put a time limit on this, or not. I would like to be able to get to them if I wanted.

I came here for help and stay here to give back what was given to me-help and hope.

I think if someone is continually cashing in ten bucks of points every week, that may be a problem if there are alot doing this-I wasn't aware this was a problem...KAren

goudah2424, do you PM me or is it the other way around, cannot send a message.

Gardner, if you look under Goudah's post, there are two little boxes towards the left. One says profile, and the other says pm. If you click on pm, you can send her a message that way. :)

Karen, good to see you! I wasn't aware that there was a problem either, that is why I am puzzled by this whole thread. I don't stay on this forum for points, anyone can see that by how many points I do have. I have also used my points for gas money, too. I don't think there is any explanation needed for how we spend our points. I just think it is nice to have them when we need them and not have a restriction. I have never cashed mine in either until they were a significant amount.

Don't know much about cashing out points, but having an extra source of income per month will be great for me, especially while I am trying to dig my way out of this mess. It is a $10 minimum, correct? Or will there just be a day designated to send all payments to members, regardless of amounts earned?

It's a $10 minimum . . . . And the way it stands right now you can cash out at any time, once you have at least $10.

You just PM Jason, or Mike when he's back, and let him know you want to cash out and if you want a check or paypal.

I just looked through the payment thread . . . . I don't see anyone cashing out wiht much frequency. So why make a rule if it's not needed? It just doesn't make any sense to me to restrict something that isn't being abused when it could potentially hurt a member's financial condition. I thought this site was all about empowering people to deal with their financial life.

It dont really matter to me how the points are redeemed...I never know exactly how many I have anyways :D

Tweety - If you ever want to check, just click on someone else's donate button under their name. It will show you how many points you have available. Just don't go through with the donate unless that's what you wanted to do! :D

I have to say goudah brings up an excellent point regarding when members donate to someone who is in need of help. That's what we're here for. So, say someone is having financial difficulty and members donate points to them out of the kindness of their hearts, that person receiving those donations can't cash them out until the NEXT MONTH if they already cashed their own in? What if it can't wait? That's why we're donating, because they need the money now. Many members have been helped by the kind people of this forum in a time of need (me being one of them) and cashed those points in to get done what needed to be done. Like donations to me (for instance). These people came to my rescue (with goudah heading the pack!) in a heartbeat. I was able to request my payment asap since it was an emergency that needed to be taken care of quickly. Now, if I had just cashed out my own points of like $20 that month, and then this happened and all these wonderful angels donated their hard earned points, I'd have to wait until next month? It would be too late to get the help I needed. I know I'm rambling here, but it is a good point. I'm not embarrassed to admit that these members helped me out. Hell, I'm proud because it showed me that I have true friends who care about me. (Sorry, I didn't get a paper route.) When some people are broke, they are BROKE. And if members want to help them, then by God, they should be able to. And they should also be able to cash those points, as they are needed right then. Thanks for bringing that point up, goudah. :wink:

I agree with above posts ..
the points are yours that you earned you should be able to cash them out when you want..or hoard them forever in hopes of being the points millionaire on the site...or in so many case I have seen donate some and cash out some....there should be no rules as to when and where and what...I recently donated all of my points about 6,000 ..in a matter of two days and many of those have been turned around..re-donated..and passed on...what people are here for....TO HELP OTHERS...if I had been forced to cash them out in increments I wouldn't have been able to donate what I wanted to give to others...what comes around goes around..and cannr..glad you didn't get that paper route girl...
that dog don't hunt and never did!
:D
p.s. the pennies per posts is indeed minimal the experiences and people you meet while doing that in a quote from my sweet friend KASH are indeed often "PRICELESS!" experiences which makes it worth it for so many members to keep returning...just my opinion :D

Socks, your opinion counts for a lot!!!! Keep rocking.

I know I am joining this thread late but I feel that I should have a voice here also. (no frog jokes please)
I, like many others, came to this site after a financial catastrophe. There were times when I cashed in my points to put gas in my car so I could get to work without taking another payday loan. The cold hearted attitude of some here I find appalling. You do not need to judge others differently then you want people to judge you. 50 percent of the working class in this country are one paycheck from homeless. To make ends meet families need multiple strains of income. Having these points avaible for emergencies is a blessing for some when they find themselves out of cash two days before payday. I do not have a "paper route" as was suggested by one person here whose heart I would not want to examine closely. I have however sold on ebay, done flea markets, and sold items in auction that I bough at garage sales. My wife has placed vending machines in service stations for charity and done telemaketing from home. This point system at the time was important as all of those other mini ventures we had put to use.
The mods and sams and other members here put in a lot of mostly thankless hours on this site for way below what would be minimum wage because of their compassion and desire to help people. To suggest that they should have to have a time constraint on accessing what little they earn is just plain inconsiderate and pointless. What is gained by that? If anyone can answer that i would love to hear that rationalization.
I have found myself recently in a slightly better place and have been able to donate my points for good cause. I hope for charities sake that the person in need does not find restriction when trying to redeem what is needed desperately for their well being!

THANK YOU FROGPATCH!!!!!!!! Everything you said reflected my feelings also.

I know I said, in an earlier post, it would be easier for the Forum to cash out 1 per motnh. But....some good questions are coming up. What IF you get into a crunch? And u need the money now. Well.....I AM in a bit of a 'crunch' as you say. I DID PM Jason, a few days ago and asked for a 'cah out'. He e-amiled me right away...haven't recieved a payment yet. Wondering...I have a 'Shut-Off' notice, for my electric bill. I need to pay the 'over due' amount, by the 14th of this month. The 'past due' is $300.00. I've tried to call every agency...NO ONE has MONEY, at this time. OMG!! How frustrating!! Can one of the 'donators' please help?! Thanks. Just not sure what ELSE to do, but, ask the forum.

Perfect example sd...

In cases like this the pay out should be immediate within days. Verifiable of course.

If it is someone just attempting to cash out $10.00-$20.00 then quarterly should suffice.

Thank you, Roadwarrior, for your donation!!! Thank u!1 Thank u!!

Roadwarrior, I thought you would be busy out on your paper route.....Again I don't think it is anyone's business what we need our points for or why we cash them out and we shouldn't have to explain that to anyone. Maybe $10 or $20 wouldn't help you, Roadwarrior but to some people, that could mean a lot, like putting gas in a car or buying some groceries. I don't think anyone should tell us when we are entitled to it.

Hi friends,

Thanks for all your valued suggestions!! Well, it seems it has caused a lot of confusion amongst the members. I will try to clear them one by one. But first a little background ???????why I????????ve raised this issue????????.

Of late I was enquired by several new members about the frequency of cash-outs in the forums. Well, I????????ve no definite answer for them as we haven????????t placed any such limit. I thought that????????s an area of vagueness that we need to sort out.

Well, after reading through your replies, I felt that I should clarify a few things:

First, we aren????????t restricting the members to cash-out their points. You are doing a great job in the debtcc forums by stretching the helping hand to the people in need. All I wanted to emphasize upon is, allowing the members to accumulate a good sum on their points, rather than cashing out small amounts every now and then.

Moreover, if someone is in dire need of fund we can give his/her case a special consideration.

Second, no one is forced to redeem his/her points every month, you can keep the points accumulating and cash-out in the time of need.

Also, there is no rule imposed on donating points. Members are free to donate or receive donation form any other member.

However, it seems that we have a split-opinion regarding this issue. :(

Regards,
Jason

Hello, Jason. I don't mean to be 'a pain.' I understand your 'point of view', myself. I had someone donate some points to me recently. i was grateful. I really apprciated the reply, about me
cash out' my points. I just haven't heard anything, about that yet. I DO have a bit of a 'financial issue' (as you can read above). Thanks for listening.

Vikas is going to address this issue soon.

I think the points should stop all together personally. I hate reading any post about them.

As often as I can. SOME people, on this forum, need the points.

I'm going to lock this one--this horse has ridden it's last ride..Karen