Northern light wrote:
Put those $300 in your emergency fund. Stop spending money you don´t have. Interest free credit is great, but using it when paying cash is not an option is still just a simple fast gratification trick. One should have cash for replacing a broken fridge. In your situation (on the right track to a stronger economy) the fridge on credit card might be fine - but a new sofa? Thats luxury consumption with money you don´t have.
I sometimes don't get this attitude. Surely, for a lot people, debt is a toxic thing. But, it can also be an excellent tool. And for those people, it is surely dangerous to play this game.
And while we're on the topic, what is "luxury" consumption? PG1 seems to be on their feet and have some funds. Are we to forgo the finer things in life, such as a new couch, if other goals aren't met? They have the money, it's a hiccup for their savings goal. They're not circling the drain.
"If you only have 1 year to live, move to Penn...as it will seem like an eternity."
Good to see you back, I was starting to miss your incisive commentary!