[Deep Freeze] Wednesday, March 18, 2009 7:47:26 AM
That's a great point strat. Knowing what you are spending. People use credit, pay the monthly payments and get buried by interest. Worse yet, MOST people do NOT truly understand interest and that is a HUGE problem. [Show/Hide Quoted Message](Quoting Message by _strat_ from Wednesday, March 18, 2009 7:44:01 AM)
_strat_ wrote:
I dont use any money-related cards either. No credit cards, and even tho I have my bank card (or whatever its called - the one you stick in the ATM machine), I dont pay with it either. My reason is just that... I like cash. Really, with cards I never have a feeling on how much Im spending that I have with coins and banknotes.
Deep Freeze wrote:
'Morning, gents. Interesting conversation. I do not use credit cards, either. As a matter of fact, I am constantly crusading against them. In this country, credit is the number one obstacle towards wealth. You simply cannnot build true wealth when you are in debt. Working for a bank, I have seen some horrible mistakes with credit. I have a car payment but only because I did not want to spend all the cash at once. Same with the house. But I do not carry even ONE credit card and neither does the Princess. We use debit or pay cash. Period.
