Pay off your debts

Thrugelmir

RenovationMan wrote: »

Did you really not know that prior to the credit crunch?

Far, far more complex than a one line answer.

Thrugelmir

wotsthat wrote: »

Problem is there are no votes to be won buy telling people that the solution to their debt problems was to not borrow in the first place.

If the man has what it takes to turn this country around. Then the thought won't enter his mind.

nikkh1776

pqrdef wrote: »

Cameron is going to say we should pay off our credit cards to help the economy.

Go figure.

barclay card have closed my accont but still charging me intrest is ther anything i can do as my balance is only going down by £6.00 per month but they are charging me £12.00 per month over limit but the account is closed.

please help

wotsthat

Thrugelmir wrote: »

If the man has what it takes to turn this country around. Then the thought won't enter his mind.

You're probably right. Dave's above trying to blame other people for the mess we're in.

Kennyboy66

Graham_Devon wrote: »

All a bit silly really isn't it.

All about votes again. Can't say what simply needs to be said for fear of losing votes.

It's more than a bit silly - it is amongst the most economically illiterate ideas ever. While it may be a good idea individually to pay off you credit card, if everyone does it, deflation and depression are simply inevitable.

More than likely, it sounded like a good idea to the party faithful, a bit like Thatchers "housewife economics".
Running an economy is nothing like running a household budget - however.

Add to the fact the sickening rank hypocrisy of a multi millionaire telling us poor saps to tighten their belt - while his city mates are feasting on quails tongue washed down with Krug.

No one (in the UK) can strike a ball like Rooney, or hit a forehand like Murray, but I could pick half a dozen past & present posters with a better grasp of economics than Dave & Gideon.

Mrs_Bones

wotsthat wrote: »

Turns out that Dave's heavily previewed speech has been rewritten.

Apparently, his advisers, after some reconsideration thought that a millionaire PM telling the nation to pay off their credit card debts might make him look like an out of touch t**t.

I heard that on the BBC news, now he's apparently going to say something along the lines of

"People are paying down their debts which is good and that people who do have disposable income should have the confidence to spend to help the economy."

Which if he does say the above is really neither here or there in meaning.

As for making him look out of touch, I think many people's already got that idea before he even stands up to make the speech.

wotsthat

I miss the good old days when the media would report what people said or did rather than what they planned to say or do.

Life was so simple then.

Thrugelmir

Mrs_Bones wrote: »

As for making him look out of touch, I think many people's already got that idea before he even stands up to make the speech.

There are many that still need financially educating.

hillcats

quantic wrote: »

I think credit cards are an unnecessary evil and should be banned. Would never have one again.

Ah, its all about money management and living WITHIN your means and paying in FULL every month. Basically if you don't have the money in your account to pay for it now, then you cant afford it - so do not purchase on your credit card, simple really !

DervProf wrote: »

I paid off my debts ages ago (not that I had many).

Excellent move DP in clearing your debts, we only have mortgage debt that remains but reduces every month.

DervProf wrote: »

I tried to not spend tomorrow's wages today. I preferred to save some of today's wages in case tomorrow's wages didn't arrive. That plan seems to have been a good one. Pity some countries didn't adopt that idea.

perfect if only others would listen...

FTBFun

Thrugelmir wrote: »

Far, far more complex than a one line answer.

"It's like a freeee ride, when you've already paid"