Posted on 03/19/2016 8:00:52 PM PDT by SeekAndFind
Seriously.
Debt is theft from your future self.
Yep - we use our card for convenience and pay it all off each month. Practicing what you preach has made us debt free (own house and both cars - had a mortgage on the house which was paid off 14 years early and paid cash when we bought each of the cars) and enabled us to be comfortable in our retirement.
Yeah...but think of the air miles!
I’m glad I’m not the only one who does quick per capita calculations like this. That was the first thing I thought when I saw the headline.
Our service based economy runs on debt. Federal and personal. Got to buy that slave labor crap from China you know.
>>>”In America today, 37 percent of all households maintain credit card balances from month to month, and the average level of credit card debt for those households is $15,700.”
So 63% of households pay their CC in full every month? That doesn’t sound so bad.
>>>”Average level of CC debt for those who don’t $15,700?”
That sounds pretty bad.
Pay your bills, Pay your bills!
A trillion dollars at 29% interest......
I have overheard 3 of my co-workers this year either getting calls from debt collectors or them calling to refinance the debt. “I can pay $300 instead of $500 this month” is usually how I hear it.
One person gets angry when the debt collector calls him at work. He tells him don’t call me here. This guy also has told his dentist he will wait till next year to pay for the $500 crown he needs. Meanwhile he is going to Fiji this coming week...... Priorities
I get a 1 or 2% discount by putting it on my credit card.
The Card Co. debits my bank account every month. No check charges or postage to pay my bills and purchases, plus I get the credit for putting the purchase on my card.
I get “Reward Points” that can be used for gift cards, etc. Didn’t pay much attention for several years and ended up with over $900 worth and used them against my credit card bill. Now I keep my finger on that pulse and recently put another $150 against my bill. Gonna have to read all the potential benefits because I’m probably missing out on other discounts/privileges.
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