Comments on: Philosophical Reasons For Not Borrowing Money (Or Using Credit Cards…)

By: Self Help - From Debt To Debt Freedom And A Fantastic New Life. | 7Wins.eu

Self Help - From Debt To Debt Freedom And A Fantastic New Life. | 7Wins.eu — Sat, 11 Oct 2008 14:56:25 +0000

[...] Get Out Of Debt - Embrace Reality | I’ve Paid For This Twice Already…Dave Ramsey, Peter Schiff, and Decline of U.S. Economy | Debt Prison � Philosophical Reasons For Not Borrowing Money (Or Using Credit Cards…)�by�No Credit Needed [...]

By: Life Without Credit Cards And The No Credit Needed Experiment

Life Without Credit Cards And The No Credit Needed Experiment — Wed, 18 Jun 2008 02:27:22 +0000

[...] Philosophical Reasons For Not Borrowing Money [...]

By: Ingrid

Ingrid — Tue, 25 Dec 2007 04:25:14 +0000

I really like this blog. I live by the “no credit needed” philosophy.

But after reading the comments I have to wonder why people who praise the merits of using cc so much would want to read this blog.

Do they work for the cc industry or do they just like making comments that make them sound smug and superior?

I read this blog because its nice to find a “like-minded person”.

By: no man’s credit is as good as his money « Paradigm Shifted

no man’s credit is as good as his money « Paradigm Shifted — Wed, 19 Dec 2007 21:21:12 +0000

[...] for most, it seems to be about freedom, which is no small thing. Feeling unfettered and unrestricted is truly [...]

By: 2007 - No Credit Needed Year-End Review (May)

2007 - No Credit Needed Year-End Review (May) — Tue, 18 Dec 2007 22:09:34 +0000

[...] May 1 - Philosophical Reasons For Not Borrowing Money (Or Using Credit Cards) [...]

By: ryan

ryan — Sat, 04 Aug 2007 13:20:44 +0000

I think being aware of the psychological ways we spend more money is best:

* Don’t shop for groceries on an empty stomach
* Don’t carry lots of cash (make it more difficult to spend if you don’t have it immediately available)
* Use a handbasket instead of a cart or
* Use a shopping list, no impulse buys

By: Livingalmostlarge

Livingalmostlarge — Mon, 07 May 2007 14:56:03 +0000

I guess you are buying ahead but paying now. At least that’s how I think about it. The money I spend I have to deduct from our current checking, so it’s already spent. I hate that and I guess I should move to cash, but the cash just gets spent.

I find it easier to track daily all expenditure, and my husband isn’t responsible with cash. He will spend it and forget about it. I find it easier to track his spending with a CC and ask about it later. Then he’ll say “Oh yeah I bought this or ate this…” So it’s not easy to switch.

By: Russell Barrick

Russell Barrick — Thu, 03 May 2007 19:19:50 +0000

I actually like using credit cards, purely for simplicity. I don’t believe in spending money that you don’t have or that you “should have”. I only spend on them what I know I currently have in my bank account.

By: Financial Freedumb and Brownie - A PF Blog » Plastic Is Dangerous If Handled Improperly…

Thu, 03 May 2007 18:58:23 +0000

[...] have differences in opinion on this topic, but it’s always a great debate. NCN has a new post that’s worth a second [...]

By: plonkee

plonkee — Thu, 03 May 2007 18:40:32 +0000

I seem to be in the minority of people in that I always fritter away cash. I’m much better at not keeping too much cash in my wallet and using plastic if I want to buy something that costs more than £10. I could use a debit card (and I often do) or I could use a credit card and I don’t have a philosophical difference between them.

But I imagine that it feels great to be different and peace of mind is indeed priceless.