October 25, 2004
Are Credit Cards Evil?
BBC NEWS | Business | MPs to quiz UK credit card firms
I merely ask the question? I have been told that by a financial advisor, my father and a colleague at various times. MPs also seem to have a similar view (well maybe not evil but you get the idea).
Do we really need to live beyond our means? Probably not. We certainly consume more than we need to because society puts pressure on us to want so much. Keeping up with the Jones's is more about how well you can manage your debt than whether you actually need something.
Wear tatty green jumpers and sod the Jones's they're rubbish anyway. Give money to Oxfam for Xmas and buy the new Band Aid single or the Live Aid DVD(but not on credit).
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Society only forces us to use credit once. you only need to use credit to buy a house. you never need credit for anything else. Not the fridge, not the computer, not the tv, not the toys. Self Control people. thats what it's called.
Posted by: rueven at November 10, 2004 03:05 PM