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Cardboardcubbie t1_iughfkr wrote

Reply to comment by KReddit934 in Should I use Credit Card for everything? by FaithlessnessProof92

Yeah I don’t know the exact numbers. But I think a lot more than 45% started out saying I’ll just pay it off every month. Roughly 900 billion in American credit card debt can’t be wrong ….

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KReddit934 t1_iugj5du wrote

I get what you are saying...people start small then fall behind and it's so easy to keep buying. But I think there are also lots of people who start out in debt with a big "I-can't-cover-this-(vet/doctor/car repair/new furnace)-bill, so I'll put it on the credit card...that's what it's for." And also a bunch who lose their job and use the CC to hang on while job hunting. I'm not convinced that using CC for everyday purchases is really a gateway drug for debt....it would be a fun question to research.

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Cardboardcubbie t1_iugn7d5 wrote

It would be interesting I think. But if someone couldn’t afford an emergency unexpected bill like a vet or doctor, they don’t have an emergency fund, so their finances probably aren’t the best. And those are the people most susceptible I would say to falling behind on a credit card. Like I said. If you 100% have the discipline to pay it off every month, go for it. But I think that also means you have a healthy emergency fund so that an emergency doesn’t cause you to not be able to pay it off at the end of the month.

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