“....you’re still throwing your money away!”
Well, not really. While you may buy more food at MacDonald’s using a credit card, you still do get more food in exchange for the greater outlay.
I have a little bit of a problem with Dave’s answer to the woman whose father cosigned for her. I suspect that she never actually apologized for violating the father’s trust and, perhaps, damaging his reputation. Most likely, once she has done this, he will come around.
Under extreme pressure from Mom, I leant my then teenage daughter about $120 bucks for Dave Mathews tickets at Foxboro for her and some friends, with the understanding that she would repay me when she collected from her friends. (I think they were about $30 a piece.)
You can bet I never saw the money, and she misplaced the tickets, though she eventually found them in time. She accused me of confiscating them (they were of no value to me) and it led to a lot rancor. Her attitude was such that I have never, ever, loaned her money again. If she needs something (she’s 28 and married with kids now) I’ll give it to her, but will NOT ever lend her a nickel. As Polonius warned, loan oft loses both itself and friend.
"That will be 21 dollars sir"
"Oh shit I only have a twenty....here use my credit card."