LogFAQs > #979054605

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Topic	Do y'all buy things on credit cards that you can't afford?
MrDrMan 02/26/24 1:53:37 PM #27:	Starks posted... So many people don't want their money to work for them. It's upsetting. You should be making 5% interest on your cash and at least 1.5% cash back on every purchase. You're not doing that without credit cards or cash management accounts. Your money won't grow in a bank and your debit card has no protections if you ever get fucked by a purchase. 1.5% is peanuts. Its not enough to change behavior. On 100K thats only $1500 back. I do agree with interest and purchase protections though. --- Insert sig here <cite>MrDrMan posted [p:979054605] in Do y'all b... [t:80706094]...</cite> <quote>Starks posted... </cite><quote>So many people don't want their money to work for them. It's upsetting.You should be making 5% interest on your cash and at least 1.5% cash back on every purchase.You're not doing that without credit cards or cash management accounts. Your money won't grow in a bank and your debit card has no protections if you ever get fucked by a purchase.</quote>1.5% is peanuts. Its not enough to change behavior. On 100K thats only $1500 back.I do agree with interest and purchase protections though. --- Insert sig here</quote> ... Copied to Clipboard!
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