Debit vs. Credit Cards
- Thread starter RSKY
- Start date
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Creamer
Elite Member
Agree - many of the things we do would be eliminated and it certainly elimiane some of the freedoms we have to live "off-grid" so to speak.
CloverKnollFarms
Elite Member
My daughter's generation, is so depressed and has so much apathy, they really don't care about freedom
Sprinkler Fitter
Gold Member
How old is she?
Creamer
Elite Member
They will in time - hopefully before it is too late.
CloverKnollFarms
Elite Member
20. They really don’t give a **** about anything outside themselves
Mtsoxfan
Platinum Member
In the 80's when ATM cards were all the rage, I got into so much trouble using them. Alcohol played a part. Going out, stop at ATM, not drunk enough, go to ATM. Trouble was, not balancing checkbook. Tore up and never looked back. I don't carry cash, except for emergencies. Buying dinner is not an emergency.
I pay off in full at end of month, so I don't are about high interest rates.
Fast forward to year ????, people use the credit card without the ability to stop buying. Then the statement comes in and YIKES!!!. This continues for months or until they realize they have a spending problem. (if they ever do)
Then, it's like, "we can't afford to live, the government should help us out. If I can't afford it, why should I have to pay it? (think education forgiveness)
I'll stop before this crosses the political line, but politics plays a big part in this.
I pay off in full at end of month, so I don't are about high interest rates.
Fast forward to year ????, people use the credit card without the ability to stop buying. Then the statement comes in and YIKES!!!. This continues for months or until they realize they have a spending problem. (if they ever do)
Then, it's like, "we can't afford to live, the government should help us out. If I can't afford it, why should I have to pay it? (think education forgiveness)
I'll stop before this crosses the political line, but politics plays a big part in this.
CloverKnollFarms
Elite Member
As you reduce the friction of transactions, the more people spend in general. When you can buy now, and have it tomorrow, and not see cash leaving your pocket… there is one outcome. Convenience is the enemy of those without self control.
Sprinkler Fitter
Gold Member
I just don’t get why some people are so against cash or even other people using cash? What does it matter if I want to keep using cash, but some people think nobody should.
Mtsoxfan
Platinum Member
Whether you pay with cash, credit card or debit card, self control is the key to financial stability.