Credit card delinquency is increasing up to 47% in Utah. If they did not pay tithing maybe they would not have to charge the credit card so much.

https://www.dailymail.co.uk/yourmoney/consumer/article-14237095/warning-alarming-trend-not-seen-financial-crisis.html

Only use when necessary! The people would possibly be able to pay it off all together each month. Or get a friggin secured card!



Edited 1 time(s). Last edit at 12/31/2024 05:59PM by lousyleper.

You're right. Emergency use only. The good part is that a lot of kids today know that. My daughter just finished her Master's. After graduation, like all grads, her and her friends get a ton of credit card offers. I told her to get an AMEX for emergencies.
She, like her friends, can do math. They know what 28.9% interest rates on a revolving balance ends up costing them. They all pay with Apple Pay or similar apps. Good parents will preach the evils of revolving debt to their kids at an early age. Just like drug use.

Yes, the credit card companies try to hook in the college students.

I put most things on my credit card and pay it off every month. I build up the points and use those points to purchase items. Right now I have enough points for either a new desktop computer or an iPad. I'll have to look into something like Apple Pay for when I travel.

I do the same thing but get the cash back points.

The Costco VISA is great. 4% back on all Costco buys, including gasoline. Plus 3% back on most other purchases at other places. Pay it off every month. It's like getting a 3.5% raise.

I wonder if you get 3% back if you use it to pay tithing?

...but Utah didn't have the fastest debt hike. According to the article, that belongs to Oregon whose credit card debt shot upwards of 51% over the same period.

The problem here isn't so much religion (unless you consider spending on your credit card to be part of your religion) but how much money people are spending vs. how much they are earning. And, as the article states, the situation next year, especially for the bottom third of consumers, is only going to get worse...

But we simply *must* get those breast implants and Botox!!! Otherwise, what would the neighbors think????

On a serious note, I realize that there is a whole lot more involved. I - at 70+ YO - am having to keep working to subsidize my children's living expenses. My son has a 100-YO tiny house (Salt Lake county) that cost nearly half a million dollars. What with house payments and utilities, he honestly does not have enough money to buy food. I know he's not the only one. Don't be too quick to ascribe credit card debt to frivolity. IMO.



Edited 1 time(s). Last edit at 12/31/2024 10:59PM by slskipper.

My credit was repaired by a law firm, and yet my exwife seemed to of wanted a credit card. I told her to never use it unless she was in trouble. The next month, I get the bill, and it's maxed.

I asked her what she was in trouble with. She said that she needed to take care of her car, gas, insurance. I considered those necessary items. However, she admitted later, that she spent it all, because she needed stuff... 'generic' stuff. Nothing important. No necessary. She never went into what it may have been.

I was never on her card, but she wanted me to pay for it, in her part of the divorce. I never did.

I took everything that she wanted to have me pay. I never paid for any of it. But I realize, she was a naughty person.



Edited 1 time(s). Last edit at 01/02/2025 05:34PM by lousyleper.

This is a case where (past?) ChurchCo advice was valuable: Stay out of debt.

The Hinckster was the one who brought it up. Told us to buy a small house, and to be comfortable not having big boobs (plastic surgery), and other stuff.

Very insightful man. Of course RMN would probably not say that now.

But wait, aren't righteous people entitled? Keeping the commandments means they get to have more stuff. That's why God blessed them with a credit card.

? Buy a small house??
Try telling that to a developer these days!!!

She always hated me because I was not white and delightsome. I agree, GNPE.

There are tons of big houses, and the people that came up with the concept on TV about us needing more housing (when most of the apartments that have been built are vacant), and getting more houses built are hugely wrong. Won't be surprised if they are getting kickbacks.

Anyway, my ex SIL got plastic surgery, so her husband would stop looking at other women. I just had to laugh.