Re:How Millennials Became Spooked by Credit Cards
by Bartweiss on Monday August 15, 2016 @04:57PM
(#12293375)
> It's just a different kind of self-control to avoid temptations in the first place.
This is exactly it. We all use both kinds of self-restraint, but it's still worth arranging external forces to support the kind of self-control you find easier.
I've used credit cards, and taken on debt, but always with a clear plan in mind (metaphorically, I drove to the donut shop intending to eat one?) It's been for large purchases (primary car) and some time-convenience things that came without interest (washing machine).
If I were seriously worried about spending into debt without a plan, I probably wouldn't keep credit cards, or would keep 1-2 low limit cards. As it happens, I don't struggle much with that issue, but we all use mitigation in places where we do struggle, and I see nothing with it.
This is exactly it. We all use both kinds of self-restraint, but it's still worth arranging external forces to support the kind of self-control you find easier.
I've used credit cards, and taken on debt, but always with a clear plan in mind (metaphorically, I drove to the donut shop intending to eat one?) It's been for large purchases (primary car) and some time-convenience things that came without interest (washing machine).
If I were seriously worried about spending into debt without a plan, I probably wouldn't keep credit cards, or would keep 1-2 low limit cards. As it happens, I don't struggle much with that issue, but we all use mitigation in places where we do struggle, and I see nothing with it.