Spend, spend, spend
- 4 January 2017 19:25323060We did this before in 2008, can't remember if this caused any problems.
https://www.theguardian.com/business/2017/jan/04/uk-credit-cards-borrowing-debt-economic-crash-fears - Bob Whysman
- Registered: 23 Aug 2013
- Posts: 1,948
4 January 2017 19:40323064howard mcsweeney1 wrote:We did this before in 2008, can't remember if this caused any problems.
https://www.theguardian.com/business/2017/jan/04/uk-credit-cards-borrowing-debt-economic-crash-fears
You can bank on it Howard!
Or maybe:
howard mcsweeney1 likes thisDo nothing and nothing happens. - Jan Higgins
- Location: Dover
- Registered: 5 Jul 2010
- Posts: 13,931
4 January 2017 21:10323065My credit card gives me peace of mind when buying off the internet or on an item from a local shop that might take a long time to be delivered. Other family members do the same thing and like me pay it off every month.howard mcsweeney1 likes this-----------------------------------------------------------------------
I try to be neutral and polite but it is hard and getting even more difficult at times.
------------------------------------------------------------------- - 4 January 2017 21:42323066I did the same when I had a credit card and was told by clever people that I was not using my money wisely. By timing purchases to perfection I was getting 7 weeks free credit while others were paying high interest rates. Nowadays I just have a debit card which is all I need.Jan Higgins likes this
- Captain Haddock
- Location: Marlinspike Hall
- Registered: 8 Oct 2012
- Posts: 8,397
4 January 2017 23:59323071Here's the latest statistics on debt:- http://themoneycharity.org.uk/money-statistics/
I truly hope that none of you need it but as a trustee of the local Citizens Advice Bureau here's a link to their page on debt if you need it :- https://www.citizensadvice.org.uk/debt-and-money/
Already CAB are getting the post Christmas calls from clients who thought a truly Dickensian Christmas meant emulating Micawber rather than the Cratchits.
Meanwhile Canterbury was absolutely rammed today with shoppers all apparently saving themselves a fortune in the sales!
My carer bought a tee shirt in M&S for £2, I bought a copy of Future Wars in Cities by Alice Hill for £4.99 in Oxfam and I used a voucher off t'Internet to get 40% off a meal in Cafe Rouge.
All my accounts are in the black and I don't owe anyone a penny. When the crash comes, as it inevitably will, I don't plan to be involved."The world is still a weird place, despite my efforts to make clear and perfect sense of it".
Dr. Hunter S Thompson - 5 January 2017 07:42323076Captain Haddock wrote:Here's the latest statistics on debt:- http://themoneycharity.org.uk/money-statistics/
I truly hope that none of you need it but as a trustee of the local Citizens Advice Bureau here's a link to their page on debt if you need it :- https://www.citizensadvice.org.uk/debt-and-money/
Already CAB are getting the post Christmas calls from clients who thought a truly Dickensian Christmas meant emulating Micawber rather than the Cratchits.
Meanwhile Canterbury was absolutely rammed today with shoppers all apparently saving themselves a fortune in the sales!
My carer bought a tee shirt in M&S for £2, I bought a copy of Future Wars in Cities by Alice Hill for £4.99 in Oxfam and I used a voucher off t'Internet to get 40% off a meal in Cafe Rouge.
All my accounts are in the black and I don't owe anyone a penny. When the crash comes, as it inevitably will, I don't plan to be involved.
Some people seem to think that history doesn't repeat itself, one particularly idiotic PM even claimed to have ended boom and bust.
If Capt Haddock doesn't owe a penny he's in a tiny minority, even the slightest rise in interest rates will be disastrous for most families.