Category: The Rave Board
Hi,
I'm in a reasonable mood because I've just now paid off about a quarter of my debt! I paid all of my personal credit card with the extremely high interest rate and paid off my sisters funeral home expenses! Now the student loan is next with the ridiculously low interest rate will be paid off with my new job that is post-counseling! BTW: I don't know whether you can tell but I HATE debt just hate it.
That's wonderful fellow worker. Its always a good feeling to get things done like that and great news about your new job.
That's great! I cant stand debt either which is why I refuse to have credit cards.
credit cards don't put you in debt; irresponsible spending does.
Yes indeed. Credit used wisely is a wonderful tool. It can even help you save money.
I agree with poster 4. I have good credit because every credit card I've gotten came with some kind amount of time with no interest which I love. That's how I bought both my PC and my mac. I also bought a really nice elliptical with credit last year. Finally, when I moved into my apartment at college, I bought a recliner and a TV on credit. I've paid all these things off too with no interest charges. If it hadn't been for credit, I wouldn't have the nice things I have, but if you're going to use these kinds of credit cards, make sure you're able to pay them off.
Congratulations! Keep it up!
Post 4 is right, but also middle class folks can very easily get drafted into the debt game for things like braces, shoes, and all sorts of other things that gotta be paid for without substantial raise in income.
Also many employers are way more in debt than most consumers. The whole Twinkie problem was not the unions, even though I am not a union man at all. The problem was companies who know nothing about the snack food business bought up Hostess and a whole ton of other companies, only to try and slim all the companies down, pool the resources, and sell the resulting merged conglomerate on the open market. The republicans are as irresponsible as the democrats when it comes to this stuff: debt is debt, and an entitled mentality is an entitled mentality, whether we're talking about a chronic wellfare user or a chronic merger constantly upping billions in debt, and often merging against America's security interests. Some of these conglomerate CEOs need to live out the story of A Man Without a Country, for real.
Anyway sorry I hijacked this thread: just the lack of understanding in this country of the real problems, and most often that lack by those who claim to be fiscally responsible, drives me insane sometimes.
I also honestly think that fiscal responsibility is not taught to members of our generation... protecting the environment is more important than protecting your financial future... grrrr!
That's been multigenerational, maybe not the environment thing, but in the 80s it was about spend and contribute to the economy and materially grow to support the American life. He who has the most toys wins. Sad but true: Over a third of retail is debt-based, or credit-based as they call it. Not talking your debit cards here: we're talkking those no money down, no interest for one year and then a thousand sleazy payments for years afterwards.
It's not taught because the current economy depends on you being in debt. Saying everyone straighten up and fly right is an oversimplification. Though of course, I do advocate people straighten up and fly right financially, but don't have any illusions that that will fix the problem: it's way more complicated than that.