Register - Login
Views: 87397678
Main - Memberlist - Active users - Calendar - Wiki - IRC Chat - Online users
Ranks - Rules/FAQ - JCS - Stats - Latest Posts - Color Chart - Smilies
11-21-17 12:42:02 PM

Jul - General Chat - Budgeting and expense tracking New poll - New thread - New reply
Pages: 1 2Next newer thread | Next older thread
Tarale
Catgirl
Butts
Level: 65


Posts: 966/1118
EXP: 2296645
For next: 38983

Since: 07-23-07


Since last post: 10 hours
Last activity: 9 hours

Posted on 08-02-17 02:19:50 PM Link | Quote
It's not just that education is missing… there seems to have been a lot of effort put in to encouraging these myths and bad attitudes about money. For instance, a lot of media pretty much tells you that everyone is in credit card debt, and to keep up with the Joneses you should be as well. Just borrow for everything! There's even this idea that you need debts to build a credit reputation.

I know some debts are difficult to avoid, especially student loans and mortgages (if you want education or housing), but debt is encouraged for everything. Saving up your money is never mentioned…
Sponty
Part boy, part car; Boycar, Protector and King of Chilladelphia
Level: 174


Posts: 10951/11009
EXP: 70659317
For next: 238550

Since: 08-24-07
From: Canada

Since last post: 9 days
Last activity: 16 hours

Posted on 08-02-17 08:35:00 PM (last edited by Sponty at 08-02-17 08:35:49 PM) Link | Quote
Originally posted by Tarale
It's not just that education is missing… there seems to have been a lot of effort put in to encouraging these myths and bad attitudes about money. For instance, a lot of media pretty much tells you that everyone is in credit card debt, and to keep up with the Joneses you should be as well. Just borrow for everything! There's even this idea that you need debts to build a credit reputation.

I know some debts are difficult to avoid, especially student loans and mortgages (if you want education or housing), but debt is encouraged for everything. Saving up your money is never mentioned…

With student loan debt, it's pretty much expected here in Canada now (and well, America too, assumedly), but between people I know, there's either those who have LOTS of other debt, or people who won't even consider getting a credit card, with not a lot in between.
Tarale
Catgirl
Butts
Level: 65


Posts: 971/1118
EXP: 2296645
For next: 38983

Since: 07-23-07


Since last post: 10 hours
Last activity: 9 hours

Posted on 08-02-17 10:04:05 PM Link | Quote
I'm one of those who refuse to get a credit card. I'd avoid debt altogether if I could, but I have a mortgage. But even if I didn't I'd have to pay about the same amount in rent every pay so that evens out. You can get a lot more done with your money each pay if you're not paying off any debts.
Xkeeper






Posted on 08-02-17 11:27:46 PM Link | Quote
I find credit cards to be super-nice, but that's because I can afford to use mine, never keep a balance, and get anywhere from 1% to 5% cash back depending on what I buy.

It's pretty nice
Pages: 1 2Next newer thread | Next older thread
Jul - General Chat - Budgeting and expense tracking New poll - New thread - New reply




Rusted Logic

Acmlmboard - commit 2f1bc75 [2017-08-27]
©2000-2017 Acmlm, Xkeeper, Inuyasha, et al.

26 database queries, 1 query cache hits.
Query execution time: 0.194079 seconds
Script execution time: 0.006421 seconds
Total render time: 0.200500 seconds