Here's a new twist...for $30.03 a month...

TexanOfTheNorth

Skiddymarker said:

I'm with @byrne092 on this, if the price has not been inflated and the offer is for a competitively priced grill available elsewhere, why not use the CC company money? Depending on the gasser's being sold the life could be much more than the three years of the finance term, making it a good deal.
Son has a cheapie big box grill that is 6 years old, gets used two or three times a week and it still looks brand new. He does clean it and keep it covered when not in use. 
I often wonder why folks use debit? If there is a discount for debit or maybe a premium for credit, I can understand it (noticed this at some US gas stations). Otherwise I get cash back or some other reward for using a credit card so why not get it? 

Because the vast majority of people don't have the financial discipline to pay the entire balance off each month. But, I know that you knew that!

Toxarch

The store you use that rewards credit card has to pay for your rewards. It doesn't come from the CC company, it comes from the store owner. Rewards credit cards are driving up the prices for everyone.

Skiddymarker

@TexanOfTheNorth - suppose you are right, that's how the herd gets culled!
My Dad used cash for everything. He was of the generation that received a discount for cash, paid extra for credit and made layaway popular. I finally convinced him to get a cash back credit card and told him to use it everywhere. Once he got over the "in his mind only perception that he needed credit" he was OK with it. After he died I found out my brother was transferring money to the credit card for every purchase he made - he was not only paying it off every month, he was paying it off after every purchase. Old habits are hard to break. 

stemc33

Layaway is great for free storage to keep gifts a surprise. Take Christmas for instance; if you have snoopers in your house, they'll find a bicycle within minutes. Put it on layaway and you not only get the sales price, but get free storage. 

ksmyrl

Debt is normal...be weird.

Grillin_beers

For a brief brief stint back in 2010 when I first got out of college I worked as a manager of a Waffle House.  You have to remember in 2010 no one could find employment.  Anyways all of my employees lived paycheck to paycheck and participated in rent to own furniture schemes.  When I saw the impact those places had on them it made me sick.  Those are predatory schemes designed to make people spend money they don't have.  I don't finance anything but my house. 

ksmyrl

+1000 @Grillin_beers. Live beneath your means, pay yourself and not some creditor, retire early. Yes sir.  I too only have a mortgage...and no other debt. And an outstanding credit score...but I don't really care about it, cause we don't use it.

***Disclaimer*** I'm not judging other's decisions.

DoubleEgger

I couldn't  care less what my credit score is.  I don't use credit and will not be using credit anytime soon. I don't care if it's zero interest. It's still a payment and that creates cash flow issues should my situation ever change. 

****Disclaimer****: I do judge other people's decisions when a) taxpayers have to bail you out because of your bad decision making or b) you go bankrupt and the cost of the goods and services I receive increase because of your bad decision making. 

TexanOfTheNorth

DoubleEgger said:

I could care less what my credit score is.  I don't use credit and will not be using credit anytime soon. I don't care if it's zero interest. It's still a payment and that creates cash flow issues should my situation ever change. 

FWIW... you probably mean you could not care less. If you could care less it means that you do care.

Some might be interested to know...

Other Situations

Your credit score plays a significant role in several other situations that you might not expect:

• Insurance companies are increasingly factoring in credit-based scores when reviewing whether to provide coverage, how much they'll cover and how much they'll charge for it. This can apply to home insurance and auto insurance.
• When renting an apartment, landlords may use your credit score to determine how much they'll require to be held as a security deposit.
• If you need the flexibility of a payment plan to buy a cell phone, companies could use your credit score to determine the type of payment plan options you'll be offered and whether they'll require a deposit.
• Some utility companies might use your credit score to assess whether they will require a deposit and if so, how much they'll request.

Grillin_beers

@DoubleEgger Ric Flair doesn't need credit!  Wooooooooo! 

DoubleEgger

Grillin_beers said:

@DoubleEgger Ric Flair doesn't need credit!  Wooooooooo! 

It's all about planning and living within your means. All of the stupid financial self help books out there should just read " Spend less than you make. The End." When you read about the average salary and you see the average car on the road, it doesn't add up. How many people out there are making $50k a year driving around in a new $40k F150? A LOT. 

I would even venture out to say that there are some people here who didn't have any business buying a $1000 cooker. Nobody in particular. Just playing the odds....

byrne092

DoubleEgger said:

Grillin_beers said:

@DoubleEgger Ric Flair doesn't need credit!  Wooooooooo! 

It's all about planning and living within your means. All of the stupid financial self help books out there should just read " Spend less than you make. The End." When you read about the average salary and you see the average car on the road, it doesn't add up. How many people out there are making $50k a year driving around in a new $40k F150? A LOT. 

I would even venture out to say that there are some people here who didn't have any business buying a $1000 cooker. 

I agree with you, there are a lot of dumb people out there who spend much more than they should...oh 15k credit limit...lets go shopping, thats just dumb. I look at it more from a living within your means, having fallback money, and financially intelligent large purchases (home improvement, non/low depreciate items, etc) I would say its really hard if not impossible to not use some form of credit when making large purchases, unless you are very fortunate. I am still young but I don't know many people that can pay cash for a house, car, pool, large home improvement project, etc...but any purchase credit or cash should be made responsibly