See honestly I prefer a cash only life, but the reality is, credit is a universal deal, and a score is needed. So I make the best of the situation, and have fun with credit =D
@Surlaw wrote:
@p- wrote:I like the protections from credit cards so much that I haven't swiped my bank card in years. Why risk my money when they are willing to risk theirs for me?
Exactly. It's kind of frustrating to hear so many people talk as if they're doing themselves a big favor by shunning credit (as you pointed out, good luck getting a mortgage or a car loan). An alarming number of people I've talked to speak of those who do use credit as if they're irresponsible and un-intelligent in general (I hate to make generalizations, but it appears to mostly be people in my age group (20's to early 30's)).. For sure there are those who are irresponsible, but it should be known that plenty (such as the folks here) of us are very savvy.
It's too bad high schools don't teach kids about this stuff. Finance education should be required IMO.
Funny how schools shy away from certain things. Finances are, in IMHO as well, a necessity that schools avoid. I also believe rather than fleeing from religion, schools should teach an objective blanket religion course about various world religions so people know what to expect out in real life. Ah well XD
@Startome wrote:
@Surlaw wrote:
@p- wrote:I like the protections from credit cards so much that I haven't swiped my bank card in years. Why risk my money when they are willing to risk theirs for me?
Exactly. It's kind of frustrating to hear so many people talk as if they're doing themselves a big favor by shunning credit (as you pointed out, good luck getting a mortgage or a car loan). An alarming number of people I've talked to speak of those who do use credit as if they're irresponsible and un-intelligent in general (I hate to make generalizations, but it appears to mostly be people in my age group (20's to early 30's)).. For sure there are those who are irresponsible, but it should be known that plenty (such as the folks here) of us are very savvy.
It's too bad high schools don't teach kids about this stuff. Finance education should be required IMO.
Funny how schools shy away from certain things. Finances are, in IMHO as well, a necessity that schools avoid. I also believe rather than fleeing from religion, schools should teach an objective blanket religion course about various world religions so people know what to expect out in real life. Ah well XD
+1 for that, although telling a bunch of wound up high school kids to be responsible is like practically daring them to max out their first credit card. I'm not sure what approach would work really. That said, if you don't have anyone in your home to teach you how to use credit responsibly a lot of people (i.e. me) have to learn the hard way I suppose.
