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re: Credit card fees transfer wealth to rich, study finds
Posted on 9/3/21 at 9:55 pm to VABuckeye
Posted on 9/3/21 at 9:55 pm to VABuckeye
I'm split.....
I run all of my recurring monthly purchases and large purchases where possible through our cash back credit card. Any incidental stuff-clothes, gas, groceries, restaurants-we use our debit cards.
I know its unpopular, but its *essentially been proven that credit cards lead to greater levels of spending, and thats not just in lower income folks.
I run all of my recurring monthly purchases and large purchases where possible through our cash back credit card. Any incidental stuff-clothes, gas, groceries, restaurants-we use our debit cards.
I know its unpopular, but its *essentially been proven that credit cards lead to greater levels of spending, and thats not just in lower income folks.
1
Posted on 9/3/21 at 10:15 pm to meAnon
quote:
but its *essentially been proven that credit cards lead to greater levels of spending, and thats not just in lower income folks.
What does that even mean.... Yeah sure it's easier to spend money when I don't have to carry a wad of cash around. But most people who are responsible with money use credit cards same as cash. It is not a difficult concept.
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