LogFAQs > #939773969

Clench281 posted...

Why did you start your post with "not necessarily" then just go on to either restate or agree with my point that the underlying problem is not controlling your spending

Because I dont fully agree. When I had a credit card, I had less impulse control. And was more likely to spend money because I had it on the card. But still didnt touch my actual bank account. When I didnt have a credit card, I still didnt spend all the money in my account. The credit card can actually cause people to have less impulse control. Though I dont see how you think I restated exactly what you said. Early on, I said, With a debit card, you can see how much you have. And that can cause you not to spend just because you know you'll need it to live. Which is different from what you said, which was, If you avoid CCs because you lack impulse control, then you'll just blow through your entire checking account anyway,. I do agree that controlling your spending is good to learn, it can be easier to do if you dont have a credit card. Which to some is like extra money.
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