Tuesday, October 11, 2011

Responsible spending

Describing money as a "scarce commodity" that comes to those who "provide economic value", makes complete sense, as the people not working (or helping the economy) in anyway, are just a waste of space and potential (besides children and the retired.) I plan to greatly help the economy, value wise, by getting a great educational background and joining the United States Air Force (somewhere in the technical field), though I have a while longer to go until that point.

The main difference between a debit card and a credit card, is that one is based on what you currently have (debit) and thee other consists of spending what you do not have (credit). To me, in all instances, I would always prefer debit, as it doesn't make any sense to spend what you don't have. Never have I been irresponsible enough to blow more than half my money, hence not using a credit card for anything. As for loans, I can see, how in some instances, that would be reasonable, for example paying a large quantity, yet necessary service, such as hospital bills.

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