I always believe paying everything by cash. Why pay by credit when you’ve the money at hand, and I don’t like knowing that I’ve an unsettled bill by using money that I don’t have. That’s just so absurd to me.
And yes however I do use my cards be it by debit, or credit at times when I received free points to redeem, or are able to get discounts.
But the only difference to my earlier statement, I have the cash in the bank to cover my purchase if the deductions are made by the merchants and banks.
Paying by credit is big no no for me. As seen in the below video, watch how corporations in Russia get their money back by shaming the people who owes them money.
It’s an effective method, and I won’t be surprised if local corps get wind of it, and use such scaring tactics. Or has it already been implemented. I don’t really know, I’ve never been in debt before.
Money, money, money… We need it every day and couldn’t imagine our life without it. If you haven’t got enough, you could borrow some in a bank – it’s easy. One has to remember, though, that one day you must pay back that loan… Yet some people can’t. What happens to those who don’t pay the bills?
Prolly the only reason why I’m still hesitating to get a credit card at this age, because I suck at saving money/paying off loans. I almost bust my debit card limit once, and I’ve been trynna curb my spending habits since. :/
Confessions of a Shopaholic Pt. 2, anyone? :P