Comments on: Philosophical Reasons For Not Borrowing Money (Or Using Credit Cards…) http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/ Debt Reduction Rocks - We Are Living Debt Free! Sat, 21 Nov 2009 11:44:22 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Steve in MA http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/comment-page-1/#comment-175370 Steve in MA Mon, 14 Sep 2009 07:14:16 +0000 http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/#comment-175370 poster who says her husband fritters away cash and so it's easier to have him use a credit card: The dude would stop frittering away the cash after he fritters it away one time and and has to go with only one meal a day for a week at the end of the month or eat the old freezer burn stuff that he forgot at the back of the freezer. That's how you learn discipline, by running against a wall and resolving to pay for it in your behavior and with discipline. If you know you've got only $37 to buy food for the next 15 days of the month, you will spendthat $37 very mindfully. People who use the cash system *do not* back up excess spending by using a credit card. They back it up with their guts. That is the secret--the buck stops at the end of the cash envelope or when the wallet is empty of those little green slips of paper we call "cash". poster who says her husband fritters away cash and so it’s easier to have him use a credit card:

The dude would stop frittering away the cash after he fritters it away one time and and has to go with only one meal a day for a week at the end of the month or eat the old freezer burn stuff that he forgot at the back of the freezer. That’s how you learn discipline, by running against a wall and resolving to pay for it in your behavior and with discipline. If you know you’ve got only $37 to buy food for the next 15 days of the month, you will spendthat $37 very mindfully.

People who use the cash system *do not* back up excess spending by using a credit card. They back it up with their guts. That is the secret–the buck stops at the end of the cash envelope or when the wallet is empty of those little green slips of paper we call “cash”.

]]> By: Self Help - From Debt To Debt Freedom And A Fantastic New Life. | 7Wins.eu http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/comment-page-1/#comment-131342 Self Help - From Debt To Debt Freedom And A Fantastic New Life. | 7Wins.eu Sat, 11 Oct 2008 14:56:25 +0000 http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/#comment-131342 [...] 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 http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/comment-page-1/#comment-115938 Life Without Credit Cards And The No Credit Needed Experiment Wed, 18 Jun 2008 02:27:22 +0000 http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/#comment-115938 [...] Philosophical Reasons For Not Borrowing Money [...] [...] Philosophical Reasons For Not Borrowing Money [...]

]]> By: Ingrid http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/comment-page-1/#comment-65262 Ingrid Tue, 25 Dec 2007 04:25:14 +0000 http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/#comment-65262 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". 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 http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/comment-page-1/#comment-63345 no man’s credit is as good as his money « Paradigm Shifted Wed, 19 Dec 2007 21:21:12 +0000 http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/#comment-63345 [...] for most, it seems to be about freedom, which is no small thing.  Feeling unfettered and unrestricted is truly [...] [...] 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) http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/comment-page-1/#comment-62903 2007 - No Credit Needed Year-End Review (May) Tue, 18 Dec 2007 22:09:34 +0000 http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/#comment-62903 [...] May 1 - Philosophical Reasons For Not Borrowing Money (Or Using Credit Cards) [...] [...] May 1 – Philosophical Reasons For Not Borrowing Money (Or Using Credit Cards) [...]

]]> By: ryan http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/comment-page-1/#comment-26666 ryan Sat, 04 Aug 2007 13:20:44 +0000 http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/#comment-26666 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 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 http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/comment-page-1/#comment-11506 Livingalmostlarge Mon, 07 May 2007 14:56:03 +0000 http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/#comment-11506 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. 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 http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/comment-page-1/#comment-10992 Russell Barrick Thu, 03 May 2007 19:19:50 +0000 http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/#comment-10992 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. 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… http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/comment-page-1/#comment-10988 Financial Freedumb and Brownie - A PF Blog » Plastic Is Dangerous If Handled Improperly… Thu, 03 May 2007 18:58:23 +0000 http://www.ncnblog.com/2007/05/01/philosophical-reasons-for-not-borrowing-money-or-using-credit-cards/#comment-10988 [...] have differences in opinion on this topic, but it’s always a great debate.  NCN has a new post that’s worth a second [...] [...] have differences in opinion on this topic, but it’s always a great debate.  NCN has a new post that’s worth a second [...]

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