Don't spend money, use a card....
 

http://www.bbc.co.uk/news/education-12627107

It's no surprise to me that the prevailing 'credit culture' has created the impression amongst some people that you can continue to buy things even when you don't have any money....

Re: Don't spend money, use a card....
 

Since when did common sense have to be taught?......and is it even possible to teach it? :dozey:

Re: Don't spend money, use a card....
 

it was never taught when I was at school - should be a parental responseability to teach the value of money

Re: Don't spend money, use a card....
 

I use my card for a lot of things but it gets paid off every month.
It is so easy though to hand over the piece of plastic and walk out with your goods, same with credit at stores etc, sign a piece of paper and walk out.

I once got stung when I was 18.
I bought a car stereo on credit, missed a couple of payments and fell behind.
In the end I think I spent 600+ on a £200 car stereo, I vowed never to do that again.
The only debt I have now is my mortgage everything else I save up for and that is what my son is taught. Save your pennies and you can buy whatever you want.

Re: Don't spend money, use a card....
 

No - it really can be free money. Get a card, max it out, ignore the lender when they ask you to repay, go to court, get the debt written off. Easy.

http://www.bbc.co.uk/news/business-12622318

Re: Don't spend money, use a card....
 

On the one hand it's eye-boggling that someone can go to court and get off a debt because the credit card company didn't send him their terms and conditions, on the other hand if in the long term this serves to stop companies like MBNA mail-bombing people with 'pre-approved' credit card applications, it's a good thing.

Re: Don't spend money, use a card....
 

I'm wondering if Gordon Brown was hoping for a similar outcome...... :mad: