by GHung » Fri 13 Feb 2015, 11:31:22
onlooker: "wow, GH you certainly are the exception to the rule."
I don't want to give the impression that I've never used credit cards. When I travelled for work, it was a necessity, and when we built the house we used the big home store cards for the 12-24 month same as cash thing; made big purchases and tracking costs easier (and my wife insisted). Nothing wrong with a free loan if you know you have the funds to pay it off. Set rules and stick to them.
We keep one card now for emergencies and travel (rare these days). They keep wanting to up our limit; hoping we'll spend more I guess. Funny that my credit score has dropped, as we have no debt. Boo hoo....
Not sure what the rest of society is thinking; maybe some are hoping for a credit jubilee, which I'm sure we'll all end up paying for somehow. Maybe folks feel more secure with a wallet full of plastic. As I said, borrowing/stealing from the future never seemed quite right to me. Seems to alter the true value of things. Meanwhile, the costs of our credit-based economy are built into everything, even if you pay cash. Maybe that's why I prefer used/salvaged/bartered stuff; cash on the barrelhead. I'm less likely to be paying for someone else's extravagent lifestyle, consumption, and poor choices. Starve the beast......
Blessed are the Meek, for they shall inherit nothing but their Souls. - Anonymous Ghung Person