Comments on: 24 Signs That You Could be in Financial Trouble #16: Using Your Credit Card to Pay for Necessities Because You Don’t Have the Cash http://genxfinance.com/2007/04/10/24-signs-that-you-could-be-in-financial-trouble-16-using-your-credit-card-to-pay-for-necessities-because-you-dont-have-the-cash/ Helping a unique generation achieve financial independence. Fri, 19 Mar 2010 18:02:11 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Moneymonk http://genxfinance.com/2007/04/10/24-signs-that-you-could-be-in-financial-trouble-16-using-your-credit-card-to-pay-for-necessities-because-you-dont-have-the-cash/#comment-2713 Moneymonk Wed, 11 Apr 2007 17:11:20 +0000 http://genxfinance.com/2007/04/10/24-signs-that-you-could-be-in-financial-trouble-16-using-your-credit-card-to-pay-for-necessities-because-you-dont-have-the-cash/#comment-2713 This should be #1. It has become so easy to charge that people easily forget they don't have cash. Once a person has a credit card, they never FEEL broke. They look at a credit card as an extension of their income. " after I pay my bills, I will have no money left over for food--that's okay, I forgot I can always use my credit card" No if you don't have cash left, cut down your expenses, you are way over your head. It's like minimun wage said you are just pushing the problem in the future, either way, you have the same problem This should be #1. It has become so easy to charge that people easily forget they don’t have cash. Once a person has a credit card, they never FEEL broke. They look at a credit card as an extension of their income. ” after I pay my bills, I will have no money left over for food–that’s okay, I forgot I can always use my credit card” No if you don’t have cash left, cut down your expenses, you are way over your head.

It’s like minimun wage said you are just pushing the problem in the future, either way, you have the same problem

]]> By: Jeremy http://genxfinance.com/2007/04/10/24-signs-that-you-could-be-in-financial-trouble-16-using-your-credit-card-to-pay-for-necessities-because-you-dont-have-the-cash/#comment-2712 Jeremy Wed, 11 Apr 2007 17:08:02 +0000 http://genxfinance.com/2007/04/10/24-signs-that-you-could-be-in-financial-trouble-16-using-your-credit-card-to-pay-for-necessities-because-you-dont-have-the-cash/#comment-2712 Well that was exactly my point in the post. Doing this is really only a temporary band-aid. Like you said, it just moves the problem into the future. Yes, there are possibilities that income can increase and it won't be a bad decision, but as you mentioned, not all that likely. Well that was exactly my point in the post. Doing this is really only a temporary band-aid. Like you said, it just moves the problem into the future. Yes, there are possibilities that income can increase and it won’t be a bad decision, but as you mentioned, not all that likely.

]]> By: Minimum Wage http://genxfinance.com/2007/04/10/24-signs-that-you-could-be-in-financial-trouble-16-using-your-credit-card-to-pay-for-necessities-because-you-dont-have-the-cash/#comment-2657 Minimum Wage Tue, 10 Apr 2007 19:31:57 +0000 http://genxfinance.com/2007/04/10/24-signs-that-you-could-be-in-financial-trouble-16-using-your-credit-card-to-pay-for-necessities-because-you-dont-have-the-cash/#comment-2657 How does buying them on credit help? It buys time and shifts the problem into the future when you MIGHT have more income. (Not likely, but possible. At least you have kept the wolf away from the door today.) I earn minimum wage and have a dead-end job and no marketable skills. I also have student loan debt. I could be wrong, but I don't think my spending is out of control. How does buying them on credit help? It buys time and shifts the problem into the future when you MIGHT have more income. (Not likely, but possible. At least you have kept the wolf away from the door today.)

I earn minimum wage and have a dead-end job and no marketable skills. I also have student loan debt. I could be wrong, but I don’t think my spending is out of control.

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