Comments on: Teen debt — almost as if on cue! http://www.mightybargainhunter.com/2006/01/25/teen-debt-almost-as-if-on-cue/ Personal finance, commentary, and spending less the easy way Fri, 19 Mar 2010 14:24:44 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: mbhunter http://www.mightybargainhunter.com/2006/01/25/teen-debt-almost-as-if-on-cue/comment-page-1/#comment-613 mbhunter Thu, 26 Jan 2006 08:01:54 +0000 http://mightybargainhunter.com/?p=291#comment-613 Actually, Colin, I think that's probably more accurate of what I thought of my credit card when I got it. More so, it was ingrained in me not to spend more than I could pay off each month. Actually, Colin, I think that’s probably more accurate of what I thought of my credit card when I got it. More so, it was ingrained in me not to spend more than I could pay off each month.

]]> By: Colin http://www.mightybargainhunter.com/2006/01/25/teen-debt-almost-as-if-on-cue/comment-page-1/#comment-612 Colin Wed, 25 Jan 2006 20:13:09 +0000 http://mightybargainhunter.com/?p=291#comment-612 I feel phenomenally lucky that when I first got a credit card it didn't even occur to me I could use it for debt. I thought of it as a cash proxy for items that are hard to purchase with cash (i.e. airline tickets or anything purchased online). The concept of a running balance was alien to me. Again, I feel lucky that I felt that way, since at the time I had no real understanding of what credit is or how it works. If I was going to be ignorant, best be ignorant in a financially safe way. I feel phenomenally lucky that when I first got a credit card it didn’t even occur to me I could use it for debt. I thought of it as a cash proxy for items that are hard to purchase with cash (i.e. airline tickets or anything purchased online). The concept of a running balance was alien to me.

Again, I feel lucky that I felt that way, since at the time I had no real understanding of what credit is or how it works. If I was going to be ignorant, best be ignorant in a financially safe way.

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