tag:blogger.com,1999:blog-35009574.post4256316389585504114..comments2023-10-24T14:51:45.756+02:00Comments on Bloggertropolis: CreditStevehttp://www.blogger.com/profile/02133900289384226725noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-35009574.post-66468989976607013052014-05-15T21:59:16.770+02:002014-05-15T21:59:16.770+02:00The bike shed: indeed... accruing debt has become ...The bike shed: indeed... accruing debt has become a rite of passage or a sign of entering one's majority. A graduation the university of ambition and acquisitiveness into the world of global debt.Stevehttps://www.blogger.com/profile/02133900289384226725noreply@blogger.comtag:blogger.com,1999:blog-35009574.post-65173716329180748882014-05-15T21:15:57.081+02:002014-05-15T21:15:57.081+02:00As a society we have 'normalised' debt - a...As a society we have 'normalised' debt - and we reinforce this with structures such as student living loans and fee loans. There comes a point I think where young people are reasoning, ' I'm going to owe £30k so it might as well be £35k..' <br /><br />Very sad, and driven to huge extent by an over priced housing market, a banking industry that thrives only if people borrow, a live for today culture that inevitably has its hangoverThe bike shedhttps://www.blogger.com/profile/05195882998271591934noreply@blogger.comtag:blogger.com,1999:blog-35009574.post-89796140843384869492014-05-15T20:05:29.213+02:002014-05-15T20:05:29.213+02:00John: seems to get everybody's vote. I wonder ...John: seems to get everybody's vote. I wonder why it doesn't happen? Maybe to keep the bankers in their jobs...?Stevehttps://www.blogger.com/profile/02133900289384226725noreply@blogger.comtag:blogger.com,1999:blog-35009574.post-10344593090959166942014-05-15T18:29:13.931+02:002014-05-15T18:29:13.931+02:00Children in school should have lessions in finance...Children in school should have lessions in finance and the like me thinksJohn Going Gentlyhttps://www.blogger.com/profile/14958171262765033946noreply@blogger.comtag:blogger.com,1999:blog-35009574.post-58746824737153520372014-05-15T07:41:03.733+02:002014-05-15T07:41:03.733+02:00English Rider: to be honest I transferred the bala...English Rider: to be honest I transferred the balance onto a personal bank loan with the repayments set monthly - so I also know precisely how long it will take to pay if off; it won't go on forever and ever. The limit on my card has also been significantly lowered which is another incentive to be more careful and choosy with my purchases. All in all I feel more in control and am being more conscious about my spending decisions.Stevehttps://www.blogger.com/profile/02133900289384226725noreply@blogger.comtag:blogger.com,1999:blog-35009574.post-28059324007912058322014-05-15T02:33:21.300+02:002014-05-15T02:33:21.300+02:00Bravo! You're an example to us all.
A recent c...Bravo! You're an example to us all.<br />A recent change of law here requires all credit card statements to clearly state "If you only pay the required minimum balance, your debt will take xyz years to pay off". I think it's been a good reality check for many.<br />Have you looked into renegotiating your interest rates on your cards? That can make a huge difference.English Riderhttps://www.blogger.com/profile/01712384532126551307noreply@blogger.comtag:blogger.com,1999:blog-35009574.post-15760422263206938522014-05-14T22:22:01.744+02:002014-05-14T22:22:01.744+02:00K Ville: the old adage is true - look after the pe...K Ville: the old adage is true - look after the pennies and the pounds will take care of themselves.<br /><br />The fly in the web: I like your thinking. Might be time to find a new kind of stuffing for my mattress...Stevehttps://www.blogger.com/profile/02133900289384226725noreply@blogger.comtag:blogger.com,1999:blog-35009574.post-16322215500210189502014-05-14T21:53:30.895+02:002014-05-14T21:53:30.895+02:00How I agree about classes in managing money...but ...How I agree about classes in managing money...but the banks would never stand for it!<br /><br />I like real money....difficult to track!the fly in the webhttps://www.blogger.com/profile/04563871975125538755noreply@blogger.comtag:blogger.com,1999:blog-35009574.post-30607004822650327312014-05-14T21:46:22.022+02:002014-05-14T21:46:22.022+02:00My grandma showed me her household bills and budge...My grandma showed me her household bills and budget book, the ins and outs and I kept one for years myself. She also said you can have the mortgage, a car loan and one on the knock and never any other credit. I did as she said for years and then I let it all drop and maxed credit cards out - I recall the start of the spiral was a broken TV, I needed the credit to buy a new one, and once the card wasn't paid off in full one month then it seemed easier and easirt to ignore the rising debt. It took a long time to get myself out of that debt and negative equity but just the way you are doing I finally managed it. AGuidingLifehttps://www.blogger.com/profile/05823333742737762759noreply@blogger.comtag:blogger.com,1999:blog-35009574.post-504529626139344982014-05-14T20:04:21.585+02:002014-05-14T20:04:21.585+02:00Libby: the sad fact of life is credit cards are a ...Libby: the sad fact of life is credit cards are a menace but they are unavoidable. I really think managing one's finances is something we should be teaching kids at school.Stevehttps://www.blogger.com/profile/02133900289384226725noreply@blogger.comtag:blogger.com,1999:blog-35009574.post-66492055069567712202014-05-14T19:53:10.416+02:002014-05-14T19:53:10.416+02:00Well done Steve...chipping away is the way to go. ...Well done Steve...chipping away is the way to go. I've never gone down the credit card route .. mainly 'cos I am a scaredy cat...but only had a debit card.......and I used to like cheques....and getting paid in coin of the realm in a brown paypacket every week......blimey ..how old do I sound!libbyhttps://www.blogger.com/profile/05552884005601003691noreply@blogger.comtag:blogger.com,1999:blog-35009574.post-88085717673295896942014-05-14T19:49:20.607+02:002014-05-14T19:49:20.607+02:00Gorilla Bananas: I'd rather trust your monkeys...Gorilla Bananas: I'd rather trust your monkeys than the banks. They probably have more business acumen for a start off. Stevehttps://www.blogger.com/profile/02133900289384226725noreply@blogger.comtag:blogger.com,1999:blog-35009574.post-35831008804332410112014-05-14T19:03:34.507+02:002014-05-14T19:03:34.507+02:00You can't get rid of your credit cards because...You can't get rid of your credit cards because it's cheques that are going to disappear. Do you realise how much money is wasted clearing those stupid chits? Anyway, I'll give you an interest free loan if you'll put forward your beard as collateral. If you default, I'll send round a chimp to pull it off one hair at a time.Gorilla Bananashttps://www.blogger.com/profile/13044093013423635830noreply@blogger.com