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As long as you don’t lose your income. And then your savings. And then have to decide whether to use your depleting reserves to pay mortgage/rent or buy groceri
by svnt 4y ago
As long as you don’t lose your income. And then your savings. And then have to decide whether to use your depleting reserves to pay mortgage/rent or buy groceries. Guess which one you put on the credit card?
- tekla 4y agoSo basically the credit card allows me to continue to survive if I don't have liquid cash? Damn, sounds like a good deal.
- svnt 4y agoThat’s a reasonable perspective, but my point was that it allows someone to sprint off a cliff that they otherwise might slow down for, and all of this was in a comment thread that started with someone critiquing people in $80k trucks getting handouts. Those are people who sprinted off the cliff.
- toast0 4y agoIf you lose your income and your savings, you've got major problems anyway. Not paying the credit card bill has consequences, but having the option to choose whether to pay timely for expenses you already incurred offers flexibility. If you had paid cash for your groceries the day before you got laid off, the cash is gone; if you paid on a credit card, you have an unsecured debt, but you can use your cash for other things, if need be.