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gemfyreYeah that. Tonight was a thing on one of the Current Affairs programs about low income people complaining about how much they end up paying in these "buy now, pay later" schemes. One example was a family who had their gas and water cut off because they couldn't pay off a home entertainment system.
Fuck, if you can't afford it, WHY DID YOU BUY IT?!! No-one NEEDS a home entertainment system. Right now we're managing on a TV that must be at least 20 years old. And if we can't afford something that's not an absolute neccessity - we don't buy it!
There are loads of nice things I want, I have a long list, but you know what? I do that old fashioned thing called SAVING UP. Then when I've saved enough money, I get the thing I want and start saving for the next thing. It makes it a lot more rewarding AND I don't have to worry about paying it back at a later date and interest and all that crap.
I am so glad that BankWest just came out with their debit card - so I can purchase online and book things and do all that stuff that requires a credit card, without actually spending any money I don't have.
If you're on a low income, don't go buying luxury items you can't afford. Or if you do don't cry about it when you can't pay it off.
Fuck, if you can't afford it, WHY DID YOU BUY IT?!! No-one NEEDS a home entertainment system. Right now we're managing on a TV that must be at least 20 years old. And if we can't afford something that's not an absolute neccessity - we don't buy it!
There are loads of nice things I want, I have a long list, but you know what? I do that old fashioned thing called SAVING UP. Then when I've saved enough money, I get the thing I want and start saving for the next thing. It makes it a lot more rewarding AND I don't have to worry about paying it back at a later date and interest and all that crap.
I am so glad that BankWest just came out with their debit card - so I can purchase online and book things and do all that stuff that requires a credit card, without actually spending any money I don't have.
If you're on a low income, don't go buying luxury items you can't afford. Or if you do don't cry about it when you can't pay it off.
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Date: 2006-02-17 04:07 pm (UTC)I know at least 3 people who were 3000+ in debt before they were 20. It's insane. They're handing credit card like cookies because the more irresponsible the guy, the best for them!
eheh speaking of cookie, my bf actually once signed up for a Credit Card at the grocery store, because they were handing free cookie bags with the sign-up! He got the cookies but never activated the card. IT WAS ALL ABOUT THE COOKIES!!