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When I had a credit card I couldn't stop using it even pass my limit. Credit cards work when you have self-control and to many who don't it's a wreck of your li

When I had a credit card I couldn't stop using it even pass my limit. Credit cards work when you have self-control and to many who don't it's a wreck of your life. If you have a credit card and then suddenly made redundant then what? They all good and fun when you have an income but as soon as you loose that, your screwed. At least with debit it's real time and that if you need that extra in a pinch, setup an overdraft. Credit cards are form of evil and I'll stand by that.

2023throwawayy 3y ago
Your lack of self control doesn’t make them evil. I never carry a larger balance than I can pay off in full with cash any time. I’ll take my “form of evil”, have fun with your overdraft fees.
- doublerabbit 3y ago
  I have no overdraft fees. Nor am I in debt.
vidyesh 3y ago
> Credit cards work when you have self-control and to many who don't it's a wreck of your life. Yes, and as an adult or a responsible individual it a good trait to have. Learn to use money and other financial means wisely. Take that step and it will make a lot of difference. Unable to understand this is more evil to yourself than what the CCs do to you. You can call your CC provider and ask them to reduce your limit to what you can afford to pay at the end of the month. They will hesitate, but most will end up doing that for you.
tekla 3y ago
This applies to any economic transaction. there is nothing stopping you from spending all your money at once with a debit card.
- moritzwarhier 3y ago
  No this does not apply to any economic transaction. With a CC, anything you spend is turned into debt first, and the CC companies often position their products in a way that encourages accumulating more debt than you can realistically pay off. Actual payment, in the sense that you are being charged for the thing/service you bought, is delayed. For people who actually have to pay attention to stay on a monthly budget, for example because they are not overly wealthy, this is a danger. Sure I am ready to admit that money equals debt in the end. But that does not change anything about the difference between immediate spending of money and taking up debt to spend money.
pc86 3y ago
You can't honestly believe that intentionally overdrawing your bank account and the immediate and ongoing fees associated with that is better than putting essentials like food and gas onto a credit card and making the minimum payment for a few weeks or months until you get another job. It's simple math and in most situations the latter is going to save you money and have the added benefit of letting you eat longer. Imagine thinking a $40 fee every time you make any purchase, along with the constant threat that it will get declined this time, is better than paying a bit of interest. A $2,000 balance held for 30 days results in about $40 in interest, so unless you're buying all the food and gas you need in a single transaction in one month, you're objectively better off using a credit card. I'm sorry that you're not capable of simply not using a credit card, but that sounds like a problem you should work on. For 99% of adults (and a lot of children, to be honest) they're capable of doing so and credit cards are a way to save money and have better control of your finances (which itself helps you save and make more money).
- doublerabbit 3y ago
  If my debit account has money in it. I own money. If my credit account is negative I owe money. If my credit account is at zero, I neither own money nor owe money. If my debit account is at zero, I neither own money nor owe money. Out of those options, owning money is still more triumph than credit. I don't need a credit card. It's a false vision that I'm missing out on anything. My expenditure is mine with a debit card and I owe no one anything to purchase the item to which I can afford. Credit cards are only fine if you can pay off the full amount at each month. But for any items that you have not paid off in full. You owe, your in debt to whoever until you pay off the full amount. If your lose your job and you have no buffer, your screwed. They don't cuddle up and waive your bills because you lost your job. They become vicious demons demanding more because you can't pay off the debt you owe. > For 99% of adults (and a lot of children, to be honest) they're capable of doing so and credit cards are a way to save money and have better control of your finances (which itself helps you save and make more money). I'm sorry but that's total bullshit; provide source please if your going to make such claims. Because all I know is that we live in a world full of debt. People are struggling to pay ends meet including their credit card bills.
insanitybit 3y ago
Yes, you need to be in a position where you can leverage the CC.
jjav 3y ago
> If you have a credit card and then suddenly made redundant then what? If you don't have credit card and then suddenly made redundant then what? The type of card you have or not have in your wallet is irrelevant in this scenario, the problem with unemployment is the lack of income. > At least with debit it's real time and that if you need that extra in a pinch, setup an overdraft. That is the worst advice ever. Overdraft fees are far worse then credit card interest. Why punish yourself like that?
- doublerabbit 3y ago
  I don't get overdraft fee's. Only if I go over my arranged overdraft.

2023throwawayy 3y ago

Your lack of self control doesn’t make them evil. I never carry a larger balance than I can pay off in full with cash any time. I’ll take my “form of evil”, have fun with your overdraft fees.

doublerabbit 3y ago
I have no overdraft fees. Nor am I in debt.

vidyesh 3y ago

> Credit cards work when you have self-control and to many who don't it's a wreck of your life. Yes, and as an adult or a responsible individual it a good trait to have. Learn to use money and other financial means wisely. Take that step and it will make a lot of difference. Unable to understand this is more evil to yourself than what the CCs do to you. You can call your CC provider and ask them to reduce your limit to what you can afford to pay at the end of the month. They will hesitate, but most will end up doing that for you.

tekla 3y ago

This applies to any economic transaction. there is nothing stopping you from spending all your money at once with a debit card.

moritzwarhier 3y ago
No this does not apply to any economic transaction. With a CC, anything you spend is turned into debt first, and the CC companies often position their products in a way that encourages accumulating more debt than you can realistically pay off. Actual payment, in the sense that you are being charged for the thing/service you bought, is delayed. For people who actually have to pay attention to stay on a monthly budget, for example because they are not overly wealthy, this is a danger. Sure I am ready to admit that money equals debt in the end. But that does not change anything about the difference between immediate spending of money and taking up debt to spend money.

pc86 3y ago

You can't honestly believe that intentionally overdrawing your bank account and the immediate and ongoing fees associated with that is better than putting essentials like food and gas onto a credit card and making the minimum payment for a few weeks or months until you get another job. It's simple math and in most situations the latter is going to save you money and have the added benefit of letting you eat longer. Imagine thinking a $40 fee every time you make any purchase, along with the constant threat that it will get declined this time, is better than paying a bit of interest. A $2,000 balance held for 30 days results in about $40 in interest, so unless you're buying all the food and gas you need in a single transaction in one month, you're objectively better off using a credit card. I'm sorry that you're not capable of simply not using a credit card, but that sounds like a problem you should work on. For 99% of adults (and a lot of children, to be honest) they're capable of doing so and credit cards are a way to save money and have better control of your finances (which itself helps you save and make more money).

doublerabbit 3y ago
If my debit account has money in it. I own money. If my credit account is negative I owe money. If my credit account is at zero, I neither own money nor owe money. If my debit account is at zero, I neither own money nor owe money. Out of those options, owning money is still more triumph than credit. I don't need a credit card. It's a false vision that I'm missing out on anything. My expenditure is mine with a debit card and I owe no one anything to purchase the item to which I can afford. Credit cards are only fine if you can pay off the full amount at each month. But for any items that you have not paid off in full. You owe, your in debt to whoever until you pay off the full amount. If your lose your job and you have no buffer, your screwed. They don't cuddle up and waive your bills because you lost your job. They become vicious demons demanding more because you can't pay off the debt you owe. > For 99% of adults (and a lot of children, to be honest) they're capable of doing so and credit cards are a way to save money and have better control of your finances (which itself helps you save and make more money). I'm sorry but that's total bullshit; provide source please if your going to make such claims. Because all I know is that we live in a world full of debt. People are struggling to pay ends meet including their credit card bills.

insanitybit 3y ago

Yes, you need to be in a position where you can leverage the CC.

jjav 3y ago

> If you have a credit card and then suddenly made redundant then what? If you don't have credit card and then suddenly made redundant then what? The type of card you have or not have in your wallet is irrelevant in this scenario, the problem with unemployment is the lack of income. > At least with debit it's real time and that if you need that extra in a pinch, setup an overdraft. That is the worst advice ever. Overdraft fees are far worse then credit card interest. Why punish yourself like that?

doublerabbit 3y ago
I don't get overdraft fee's. Only if I go over my arranged overdraft.