Christmas on Credit: The American way.

Discussion in 'Economy' started by iamwhatiseem, Dec 8, 2011.

  1. iamwhatiseem
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    iamwhatiseem Gold Member

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    I am sure you guys have read the same reports that I have...Americans are buying Christmas gifts on credit cards in record numbers. Bankruptcy filings are epidemic compared to a few years ago - but this doesn't stop people from continuing to pile up debt they can't pay.
    Greece here we come.
     
  2. Douger
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    Douger BANNED

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    It's a Christian tradition........plus the Jews that own you need to show strong fourth quarter earnings for the saps that own their stocks.
     
  3. strollingbones
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    strollingbones Diamond Member

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    we are not going into debt.....we dont do large gifts for any occasion
     
  4. strollingbones
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    strollingbones Diamond Member

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    sadly....cause i like large gifts
     
  5. masquerade
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    masquerade positivity

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    For many, yes. But not for me.
    If I can't pay cash for it, I don't make the purchase. I flat out refuse to use a credit card for any purchase during this Christmas season.
     
  6. strollingbones
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    strollingbones Diamond Member

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    does that mean you arent buying me a flat screen tv?
     
  7. iamwhatiseem
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    iamwhatiseem Gold Member

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    I hear that.
    My biggest problem with credit cards was receiving notices that my account was closed because we never used it.

    Debit cards all the way.
     
  8. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    My wife and I buy want we want during the year so we don't buy anything for Christmas, we just send cards out to our friends and family.
     
  9. iamwhatiseem
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    iamwhatiseem Gold Member

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    We do the same for each other.
    As a society we turned a truly great holiday into the most stressful time of the year as people rack up debt buying gifts they really can't afford to buy, but are embarrassed not to.
     
  10. Mad Scientist
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    Mad Scientist Deplorable Gold Supporting Member Supporting Member

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    The nice thing about not exchanging gifts during holidays (A Mormon relative got us started not doing that) is that you can then concentrate on family get togethers and what not. And shouldn't that be the focal point of holidays? Friends and Family?
     

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