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A comment on U.S. credit card debt jumps 18.5% and hits a record $930.6B. Parent comment

Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B by bcrosby95 on Friday February 03, 2023 @02:01PM (#34646223)
My mom was an accountant and she looked flabbergasted when I told her her $2k/month timeshare was costing her $24k/year, sucking up almost all of her social security.
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Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B by s1artibartfast on Friday February 03, 2023 @02:31PM (#34646611)
Does this not point to more of a psychological issue such as avoidance, not a financial illiteracy one?

I don't want to come off as aggressive because this is your family, but I'm guessing your mother can multiply 2 by 12.

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Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B by notch898a on Friday February 03, 2023 @02:06PM (#34646309)
I'm not at all disparaging accountants here but I don't see any reason why they would have superior budgeting capabilities. Accountants are generally in charge of recording the accounts and not actually setting and spending the budget no?

The person I would be shocked to be bad at this would be someone like the owner of a boring and non-expanding local business, like a tire repair shop.

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