MSE Poll:What is it appropriate to borrow for?

NaughtiusMaximus

PasturesNew wrote: »

But that's "gambling" on having your job tomorrow.

If you lose your job tomorrow then suddenly it's "borrowing" as your next wages are spoken for to pay for far more important things than paying off a credit card.

Some people sail through, expecting life to be the same tomorrow and next week as it was today and last week....

It's borrowing unless you immediately have the funds to pay it in full already and just "chose" not to.

Your final sentence is what I was referring to in my previous post. My savings exceed my monthly credit card expenditure, if I wanted to I could easily spend exactly the same amount I do now without using a credit card at all, but that makes no financial sense as I'd then miss out on the (admittedly small amount of) cashback.