Juan (mcclintock) wrote,
Juan
mcclintock

Down in Frugal Rock - Continued

A discussion on credit with Zaxxon and his thoughts on frugality and spending/saving.

http://www.livejournal.com/users/zaxxon/183078.html?view=903718#t903718

I agree with you for the most part, that most American's don't use their credit right. Credit should be for paying for things you can't afford that allow you to keep making money. Like fixing your car so you can keep going to work. Or getting a house to live in. But alot of folks don't view it that way. Credit and debt aren't necessarily evil. In many ways the ability to have debt can create and drive an economy. Studying micro loans in the developing world, and you see that the ability to buy a water pump, or a solar panel on credit makes them far more productive and they are able to pay back that loan easily and then continue to get value for their purchase.
Subscribe

  • 2019

    https://www.facebook.com/shaun.mcclintock.9 All my musings now on the Facebook.  Feel free to add me.

  • 2011

    New Year, same stuff going on. Looking forward to warmer weather, but it was nice around Christmas time here. Everytime I see a snowstorm somewhere…

  • Distant Worlds

    I had a good time at the Distant Worlds Final Fantasy symphony concert last night at Jones Hall. Forgot my phone at home so I don't have any…

  • Post a new comment

    Error

    default userpic

    Your IP address will be recorded 

    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.
  • 1 comment