Quote:
Indeed, we have walked up to them and HANDED them our short and curlies and said "ok now hang on tight"
Not a good situation. For every person that the availability of credit cards has helped, I would bet there are 20 or 100 who've been led seriously astray by having that available.
The fallacy of using credit to avoid having to dip into savings is that, as Urban Coyote says, you end up paying more money total that way, and thus having less savings total once it is all past you.
Pat
Indeed, we have walked up to them and HANDED them our short and curlies and said "ok now hang on tight"
The fallacy of using credit to avoid having to dip into savings is that, as Urban Coyote says, you end up paying more money total that way, and thus having less savings total once it is all past you.
Pat