Actually, in the 40+ years I have used credit cards, I have never carried a

May 30, 2023
9:06:48am

Hoopster All-American

balance greater than $0 over from one month to the next. I use credit cards for convenience and not as a source of funds. Dave Ramsey would be proud of me if he could get over the fact that I use credit cards in the first place. 🙂

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Hoopster

Bio page: Hoopster
Joined: Apr 1, 2004
Last login: Jun 2, 2024
Total posts: 13,052 (627 FO)

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Messages

Author

Time

<< Deleted >>

materialized

5/30/23 8:57am

Does that count amounts that are paid off every month?

Ted Lasso

5/30/23 8:58am

I think it's the average outstanding balance

Indy Coug

5/30/23 8:59am

<< Deleted >>

supertux

5/30/23 9:00am

I would hope so. I carry about 30k a month on my personal credit cards, but the vast majority of that are company

specsauce

5/30/23 9:00am

Just waiting for a bailout.

cvd6262

5/30/23 8:58am

Hey TNT too!

TNT

5/30/23 8:59am

Pretty cool how literally nobody on CB has any

RSL

5/30/23 8:59am

CB: Come for the random sports chat, stay for the humor with grown men lying

jrifkin48

5/30/23 9:01am

Have you seen those CB income polls? It's incredible the wealth to be found here

TNT

5/30/23 9:02am

And like 25% of CBers played a professional sports! Amazing community

pinolero

5/30/23 9:04am

And yet none will let TNT borrow a luxury car for him to impress a date with

TNT

5/30/23 9:07am

Only 25% played, but 100% of them know the sport better than most professionals

scall

5/30/23 9:07am

In the military everyone was a state wrestling champ or all state QB

jrifkin48

5/30/23 9:29am

Of course it touches us; we tighten

Archaea

5/30/23 9:21am

You brag about your wealth a lot.

Shore10

5/30/23 9:23am

Or lack of. Household net worth is down $7k this year

jrifkin48

5/30/23 9:26am

Who has 7k to lose. Freaking wealthy CBers.

Archaea

5/30/23 9:28am

That's the issue with inflation. It's like a cruel tax that you can't avoid

jrifkin48

5/30/23 9:30am

$3.60 gas sounds so nice... I dream of seeing that again one day.

Cheap Seats

5/30/23 9:25am

Actually, in the 40+ years I have used credit cards, I have never carried a

Hoopster

5/30/23 9:06am

My family carried a balance.

Archaea

5/30/23 9:23am

A friend of mine found out his new wife had $12,000 in credit card debt after he

Hoopster

5/30/23 9:49am

Amateur

Archaea

5/30/23 10:01am

I cannot even imagine running up that much cc debt. I mean, I could do it with

Hoopster

5/30/23 10:08am

It almost killed me.

Archaea

5/30/23 10:18am

The anxiety from this would kill me. I’d never fall asleep from the worry

DiamondMo

5/30/23 10:14am

So basically you use it like a debit card with extra step to need to pay it

Spine

5/30/23 9:36am

Yep. I always have a couple of cards with good perks. Also, since the cards

Hoopster

5/30/23 9:46am

I do the same. I have wondered before if I wouldn't be more prudent in my

Spine

5/30/23 9:51am

Using a credit card provides an extra layer of protection against fraud

SLC-Durham

5/30/23 10:07am

This. The cash back is nice too but the fraud protection is amazing.

Cheap Seats

5/30/23 10:33am

Everything’s fine. Housing, cc debt, inflation, and school debt it’s all fine.

SLC-Durham

5/30/23 9:03am

Like david stern

TNT

5/30/23 9:07am

<< Deleted >>

Buffalo

5/30/23 9:03am

Correct. It's average. Here's the data they are citing:

supertux

5/30/23 9:07am

<< Deleted >>

Buffalo

5/30/23 9:12am

That's like $10,000 more than I carry.

Jeffacka

5/30/23 9:08am

Well it's $10,000 less than TNT carries so it balances out

TNT

5/30/23 9:15am

As inflation hits the country, people just keep buying

Cougrrrs Roll

5/30/23 9:19am

So glad I don't have that situation anymore.

Y05

5/30/23 9:21am

Expensive trips, that must be a big cause of credit card debt

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