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/biz/ - Business & Finance

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10151703 No.10151703 [Reply] [Original]

Fuck this shit never using credit cards again.

this shit is impossible to pay with a minimum wage, fuck this building credit meme.

>> No.10151745

>>10151703
Banker here

you probably have a shit apr too

what you can do is balance transfer to a card like discover or am ex

Then "lock away" that debt, pay off the rest of the card you have now STOP USING it, then tackle away the "locked up" debt over time. APR is what fucks people i have people come into my bank and send half their paychecks towards credit cards/

>> No.10151770

I'm paying my shit off the next moon mission I get.

>> No.10151830

>>10151770
>>10151745

Yeah I just set up my robinhood account in the hopes I can rise some profits.

The problem is that I can't stop buying shit I don't need I'm seriously going to stop now, pay it off, and only use my debit card to buy shit.

cashback and other rewards for using cards sound cool but with a high limit you feel like you can buy anything

>> No.10151835

im actually kinda greatful that nobody would give me a credit card when i was younger. id probably still be paying it off now. but im so poor they wont even let me have one, good call lol

>> No.10151858
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10151858

>>10151703
>>10151770
why would you spend more than you earn lmfao

why would you just keep racking up charges when you knew you wouldn't be able to pay them at the end of the month

you literally thought a credit card was free money and spent beyond your means. You have no one to blame but yourself.

>> No.10151870

>>10151858
well if I stop using I can pay it off in 1 and a half months of work.

I just broke it and erased it from eveywhere online.

>> No.10151889

Minimum wage for a maximum loser

>> No.10151913

>>10151858
Not who you replied to. What I can say is that the idea of life kicking you in the balls is really underestimated. Usually I toe the line of "what I can afford" and purchase on credit. For the vast majority of my life, I would be able to pay it off in a month or two and still be comfortable in life. However, after a series if unfortunate events my credit debt has spiraled. It's currently flatlining thank god.

>> No.10151934
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10151934

>>10151870
holy shit is this bait?

>> No.10151953

You must be absolutely terrible with money.

>> No.10151954

>>10151913
Say you lose your job, burn through your savings in a couple months and still can't find anything new.

Your options here:

>Get a shitty job to pay the bills
>end your lease and move in with a gf/parents/friends
>get rid of your cell phone, cable TV, internet, etc
>stop eating out

Why you would just keep spending money you don't have is beyond me. I mean, I kind of get it, since that's what banks encourage you to do so that they can enslave you by debt, but come on. Think.

>> No.10151992

>>10151953
i dunno, maybe it was an emergency, maybe the car he needs to get to work broke down, maybe his dog got sick. things happen

>> No.10152002

>>10151954
I have job security which is why I took risks. And like I said, I already underestimated emergency situations. In the end, it seems like I'm marrying into money so, crisis averted. But for the rest of you biznessmen, the idea that you won't deal with emergency situations is a fallacy. Listen to those who say don't spend more than you make. It's not to keep you down but to prepare for the worst.

>> No.10152053
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10152053

>>10151770
yes, the next moon mission