"to get “lean and mean” financially," I couldn't agree more. This actually should have been apparent years ago. I realize people are going into debt just to feed their families and that is truly sad. However,, how many that are going into debt have made some smart financial decisions to lessen this? How many have cancelled all the unnecessary things in their lives like cable TV, the internet, your cell phone, going out to eat,even the fast food lanes several times a week, That "I need it" vacation, which i could afford but I haven't seen since 2012, Hair, nails and the gym? Latest fashions? How many are working multiple jobs (or even working) ? i worked 5 at one point in my life and lived thru it Have you learned to cook from scratch and tossed those expensive pre done, boxed, canned and bagged, nothing but garbage anyway meals in the trash? Raised some of your own food, even if all you have is a balcony? You'd be surprised what you could raise in a simple flower bed or harvest from your own lawn. Wake up! Your cushy world has turned upside down and you can either get it or stay in that debt loop you will never escape from. Like it or lump it but grow up. Your government doesn't care about you and you can only save yourselves.
If the day comes I have to buy food on a credit card, I will double my garden space.
I've read some other responses to the CC debt increases recently seen, but the other explanation simply states that this is an expected response to "going cashless", which I have seen in many businesses, particularly restaurants and even the "gig-economy" stuff like Airbnb, Uber........ you know. However, simply going cashless and paying cashless to me, does not explain the CC debt increases, unless people are simply paying from a CC and not their bank accts. I do this; I use CCs to pay for everything, but only because of the potential for fraud; if my bank acct gets compromised through my debit card, I could be responsible for ALL purchases, but on just about any CC, as long as you report it in a timely manner, you are NOT RESPONSIBLE for any fraudulent charges. From my own experiences dating back to the early 2000s, this is the preferred method of paying for things.
Credit cards for the public are just under 70 years old. I remember as a kid my dad getting his first credit card.
It was touted as the next economic revolution away from cash. Now the next step is digital currency with very little credit. They spent a life time proving everyday people can't handle credit. So for your best interest, they will control everything financial. Soc Sec (bankrupt) will be replaced by guaranteed income, controlling the when where and how you live.
"to get “lean and mean” financially," I couldn't agree more. This actually should have been apparent years ago. I realize people are going into debt just to feed their families and that is truly sad. However,, how many that are going into debt have made some smart financial decisions to lessen this? How many have cancelled all the unnecessary things in their lives like cable TV, the internet, your cell phone, going out to eat,even the fast food lanes several times a week, That "I need it" vacation, which i could afford but I haven't seen since 2012, Hair, nails and the gym? Latest fashions? How many are working multiple jobs (or even working) ? i worked 5 at one point in my life and lived thru it Have you learned to cook from scratch and tossed those expensive pre done, boxed, canned and bagged, nothing but garbage anyway meals in the trash? Raised some of your own food, even if all you have is a balcony? You'd be surprised what you could raise in a simple flower bed or harvest from your own lawn. Wake up! Your cushy world has turned upside down and you can either get it or stay in that debt loop you will never escape from. Like it or lump it but grow up. Your government doesn't care about you and you can only save yourselves.
If the day comes I have to buy food on a credit card, I will double my garden space.
I've read some other responses to the CC debt increases recently seen, but the other explanation simply states that this is an expected response to "going cashless", which I have seen in many businesses, particularly restaurants and even the "gig-economy" stuff like Airbnb, Uber........ you know. However, simply going cashless and paying cashless to me, does not explain the CC debt increases, unless people are simply paying from a CC and not their bank accts. I do this; I use CCs to pay for everything, but only because of the potential for fraud; if my bank acct gets compromised through my debit card, I could be responsible for ALL purchases, but on just about any CC, as long as you report it in a timely manner, you are NOT RESPONSIBLE for any fraudulent charges. From my own experiences dating back to the early 2000s, this is the preferred method of paying for things.
Bidenomics at work. Thanks Joe. You’ve done wonders at destroying our country.
Credit cards for the public are just under 70 years old. I remember as a kid my dad getting his first credit card.
It was touted as the next economic revolution away from cash. Now the next step is digital currency with very little credit. They spent a life time proving everyday people can't handle credit. So for your best interest, they will control everything financial. Soc Sec (bankrupt) will be replaced by guaranteed income, controlling the when where and how you live.