Quote:
Originally Posted by todeen
I can see I'm in the minority. Using a CC does not bother me. Is it smart? Probably not. But I'm not destroying my life, my family's life, or signing a pact with the devil. I don't drink, smoke, gamble, drink coffee, speculate in the markets, I don't travel, or go to concerts. We don't own a house (and the idea that my $10k collection would translate into a 20% down payment is ridiculous). I have a pension, life insurance, I have additional investments called DCP, I have started saving for my kids college, I pay for my kids to be in after school activities, I force my wife to buy clothes and shoes, I take my wife on dates. All of the things I've listed are paid for in cash. Compared to my college debt (which honestly might never be paid off before I die), my CC debt is miniscule and is paid off every year. Both of my kids cost $5k each in health costs. They were more expensive than any card I ever bought.
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I’m guessing that most people who are considering going into debt are looking at buying a card for 5 or 6 figures, maybe more. From the sound of it, you’re sticking to 3 or maybe low 4 figures tops.
I wouldn’t sweat buying a card here and there on your credit card at those prices, although I would encourage you to pay it off quick, because the interest will erode your ability to make additional acquisitions.