Re:Unintended Consequences: Credit Card Interest Rates now M...
by HeyLaughingBoy on Tuesday August 24, 2010 @02:26PM
(#1630645)
Don't buy things you can not afford
While true, in the way you use it, it's a gross oversimplification. e.g., I can afford my house but there is no way I could pay cash for it and I'm simply not going to save for 20 years to do so.
In short: just because you need credit to buy something doesn't mean you can't afford it. On a site purportedly aimed at entrepreneurs, it's disheartening to see how many people really don't understand the usefulness of properly managed debt.
While true, in the way you use it, it's a gross oversimplification. e.g., I can afford my house but there is no way I could pay cash for it and I'm simply not going to save for 20 years to do so.
In short: just because you need credit to buy something doesn't mean you can't afford it. On a site purportedly aimed at entrepreneurs, it's disheartening to see how many people really don't understand the usefulness of properly managed debt.