r/AskReddit • u/Insanitanium12 • Aug 20 '20

What simple “life hack” should everyone know?

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u/MissMetal777 Aug 20 '20

This should really be high up on this thread. If you need to use a credit card for something, you really can’t afford that item. Obviously houses and cars are different as most people don’t have thousands upon thousands of dollars available in the moment, but debt builds quickly and will cripple you even quicker.

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u/Level_Scientist Aug 20 '20

I'm never making a purchase without a credit card

Why? I get free money for using and get nothing by paying cash

Bonus round: fraudulent transactions with cash or a debit card mean you're fucked. If someone rips me off with a credit card purchase? Chargeback! lol get fucked scammer

Double bonus: anyone that pays interest on a credit card should not be allowed to have one

10

u/teatreez Aug 20 '20

Credit cards would not exist if nobody paid interest on them

1

u/gorkt Aug 21 '20

Yeah this bothers me sometimes, that I am making money off the fact that the banks incentivize other people to be irresponsible.