Credit, DEVALUES the dollar...

[zwiepak]

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.

[B12]

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

[zwiepak]

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

wow, makes perfect sense...

[CindyLou]

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....

[HRx]

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.