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Credit, DEVALUES the dollar...

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    Credit, DEVALUES the dollar...

    I think it's the underlying reason why I got in so deep. With credit, it just doesn't *feel* like it's coming out of your pocket. You spend more because it's easier, $500, no problem, swipe it, and pay half now, half later...

    Then, you buy something else before finishing to pay off that $500.

    I dunno, just thought I'd share that tidbit. I misused credit and got burned, and I really do think the core reason is that credit devaules your dollar.

    #2
    That's why gambling chips are used in casinos instead of real money.

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      #3
      Originally posted by B12 View Post
      That's why gambling chips are used in casinos instead of real money.
      wow, makes perfect sense...

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        #4
        Have you seen that commercial where the guy says, "They comped my room cuz I'm down 4500!" and the wife says, "4500 dollars?" and he says, "no, 4500 chips!".....PERFECT example! I think its a Cingular Commercial....
        Chapter 7 Pro Se....Discharged Feb. 2006

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          #5
          Originally posted by zwiepak View Post
          I think it's the underlying reason why I got in so deep. With credit, it just doesn't *feel* like it's coming out of your pocket. You spend more because it's easier, $500, no problem, swipe it, and pay half now, half later...

          Then, you buy something else before finishing to pay off that $500.

          I dunno, just thought I'd share that tidbit. I misused credit and got burned, and I really do think the core reason is that credit devaules your dollar.
          Very true...I'm sorry to hear that you're now just learning/realizing this.
          The information provided is not, and should not be considered legal advice. All information provided is only informational and should be verified by a law practioner whenever possible. When confronted with legal issues contact an experienced attorney in your state who specializes in the area of law most directly called into question by your particular situation.

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