3 ms·

Same here. I always make sure I have the cash on hand to pay for debt if I'm somehow out of income, but if I can get a 0% interest rate on a TV (or, more practi

Same here. I always make sure I have the cash on hand to pay for debt if I'm somehow out of income, but if I can get a 0% interest rate on a TV (or, more practically, the $4000 bed I bought a few years ago since I don't quite understand what the difference between my $500 TV and a $5000 TV is other than marketing)... I can put that money into an index fund and have it grow instead. I think this kind of highlights the issues that GP was pointing out though. I have stellar credit so I qualify for amazing rates. Folks who are perpetually in debt and don't have great credit will always have the worst rates. Being poor is expensive.

emodendroket 5y ago
I just buy things with cash. How much interest is $1000 realistically going to be worth stretched out over a year? Not enough to be worth playing shell games.
- hef19898 5y ago
  Both are true. Personally, I don't have the energy to optimize my personal cash flow like this, even when it is a reasonable thing to do. But then I am employed again, with a steady income. I would use those 0% credits, and manage cash flow accordingly, if I were still self-employed so. For reasons other then cash-flow, I wouldn't take a credit for things other then a house or true business investments (as: my company needs a credit as a way of financing).