Credit Card, FRIEND or FOE ?

[wealthyhead]

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i think everybody has a good point, it can be a friend or foe depending on how we use it.
actually, I even think it's meant to be a friend. But what I'm getting at here is that what's really the effect of credit cards in our society? what's really happening?

[dalmacio]

you guys talking about emergency, discipline, wallet extension in credit cards. but its more appealing to me when you have an emergency fund and you're disciplined enough to replenish this fund on time after using it for emergencies rather than disciplined enough to pay your debts on time in credit cards. havent you realized that when you cant replenish your emergency fund for a while say 2 to 4 months, theres no penalty right? how bout if you cant pay your credit card bills on time? hey! guys, could you take out debt-first in your mind?

[pogy_uy]

If you can't pay it in cash, don't charge it!

[pogy_uy]

you're right, some of us maybe enjoying it but GENERALLY speaking it's really a marketing strategy for people to OVERSPEND. -FOE

If you can't pay it in cash, don't charge it!
Charge it if you can pay it in cash by the end of the month. That way u don't overspend - FRIEND

[the_Sphinx]

FOE. "If you play with snakes, you will get bit".

AMEN to that....

[jabez_rmc]

credit card is a friend of course..


i have a friend who has his crdeit card autodebit from his savings account sa BPI sa no penalties..

but anything ato g abusar..mo balik jud nato...we pay for the consequence ato actions...

i would relate it to cellphone..its a nice tool to comunicate to our friends and not to mention its use when we need to hurriedly contact someone...peo if ato abusaran..naks..hurot jud imo money sa load..


just my 2 cents

[rey04]

both, it depends on how you use it. been there, done that..

[blueangel_88]

both! it can be a friend if u use it wisely, and a foe if you tend to overspend..

[bungot25]

credit card for me is a necessity because if you dont have money you will use it..LOL

[wealthyhead]

credit card for me is a necessity because if you dont have money you will use it..LOL

necessity ? i dont think so.