You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #20: Why are you borrowing to spend in the first place? [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
Home » Discuss » Topic Forums » Economy Donate to DU
golfguru Donating Member (1000+ posts) Send PM | Profile | Ignore Tue May-31-11 11:46 PM
Response to Original message
20. Why are you borrowing to spend in the first place?
Since you do not pay credit card bills FULLY every month,
you are paying high interest on your balance. So...everything
you buy costs you MORE since you first pay the full cost of each
item, and then you pay MORE in interest.

This a losing proposition! You are living beyond your means!
Cut up the credit cards, and buy only what you have cash for.
It could mean selling you car and buying a clunker, move to a
cheaper apartment and other frugal ideas. In the long run, you
will come out ahead.
Printer Friendly | Permalink | Reply | Top
 

Home » Discuss » Topic Forums » Economy Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC