Spend, spend, spend

• howard mcsweeney1

  • Location: Dover
  • Registered: 12 Mar 2008
  • Posts: 62,352
  4 January 2017     19:25323060
  #1       report
  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
• Bob Whysman

  • Registered: 23 Aug 2013
  • Posts: 1,938
  4 January 2017     19:40323064
  #2       report
   howard 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 this
  Do nothing and nothing happens.
• Jan Higgins

  • Location: Dover
  • Registered: 5 Jul 2010
  • Posts: 13,894
  4 January 2017     21:10323065
  #3       report
  My 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
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  I try to be neutral and polite but it is hard and getting even more difficult at times.
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• howard mcsweeney1

  • Location: Dover
  • Registered: 12 Mar 2008
  • Posts: 62,352
  4 January 2017     21:42323066
  #4       report
  I 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: 8,163
  4 January 2017     23:59323071
  #5       report
  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.
  "We are living in very strange times, and they are likely to get a lot stranger before we bottom out"
  Dr. Hunter S Thompson
• Guest 1849

  • Registered: 12 Sep 2016
  • Posts: 440
  5 January 2017     07:42323076
  #6       report
   Captain 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.