This little blog has garnered quite a bit of attention for something that I wasn’t sure would ever take off!
Thank you for reading it.
Christina and I love the summer, and we love the “stuff” of summer - Omie, my folks and ourselves did a little above ground pool project this spring with a hardware store steel frame pool, we love bicycles, we like our day trips to Campbellford - and all of these things require planning and budgeting.
I want to be abundantly clear; there’s not a single thing in this world that Christina and I want badly enough to go into debt for. My family doesn’t borrow money for anything. We have no credit cards, lines of credit, blah blah.
It’s nice to support local vendors. Do you know that they can pay between 3% and 10% of your purchase in credit card fees if you pay by MasterCard or Visa?
Ask for a deal for paying by email money transfer, debit, cheque or cash. The credit card is the cigarette of the financial world. It was once seen as hip and sophisticated and is now just a huge burden on commerce - the local hardware store has to discount their tools by 30-40% to compete with the big box store AND has to pay 3-10% in credit card processing fees on top of that? It’s not sustainable.
You don’t need to use someone else’s money to float what is already in your chequing account.
You shouldn’t be spending money that isn’t in your chequing account already.
Why are you using a credit card?
Abstain for three months. Try the whole summer purposing to shop local and ask for a deal for paying on anything BUT credit. See how it goes and tell me!
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