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When did it become cool use a Credit Card/Overdraft irrisponsibly?
Comments
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Bad money management then...ORIGINAL MORTGAGE AMOUNT £106,454.00 (Started Sept 2007)
NOV 2021 O/S AMOUNT £1,694.41 OUR DEBT REDUCED BY £104,759.59 by std regular, over-payments & off-setting.
BofE +0.19% Tracker Repayment Offset Mortgage Discounted Sept 07-10 then increased to BofE +0.62% until 20270 -
I know a woman who is very much like this.
She was on benefits a few years back, and got a loan out for £5000, and couldnt afford to pay it back.
her loan was to pay off credit cards that she has maxxed out, but when she got the loan, she bought clothes, things for her house etc.
I bumped into her the other day, and she was just coming out of the supermarket with a trolley full to bursting, and said "oh, i only popped in for bread and milk and spent £120". I'm sorry, but WHY!!!!?? She is STILL on benefits, and i have no clue how/why she is able to get loans/credit cards etc!0 -
When I was growing up I used to see people pulling out their Credit Cards and something (marketing?) had brainwashed me into associating wealth and extravagence with credit cards, when ironically its the exact opposite.
I hear people bragging about using their Credit Card and Overdraft a lot these days. If you search Twitter for the words, "Overdraft" or "Credit Card", its shocking how many people seem to have the attitude that this is a cool thing to be doing. I can't be the only person who finds this quite scary?
Literally, thousands of people, all over the world, bragging about how financially illiterate they are.
When did this happen? Or perhaps a better question is why and how do we educate against it?
It's probably just a touch of gallows humour... not much point moaning about it eh?0
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