Buying something which you cannot aford.

[uls]

really? have you lived in the states long enough to know that this is true? i practically grew up there and know how big of a lie that is. parang yung mga nag sasabi na ang mga amerikano ang hilig mga exotic.:bwahaha: we call this stereotyping.

people in the states use creditcards/debitcards a lot because transactions are a lot easier and faster using cards. kahit ako pag nasa states card gamit ko, i barely bring cash over $100. kasi pag card swipe and sign ka lang tapos na faster than getting cash in your wallet and waiting for your change. di katulad sa pinas pag card gamit mo medyo mabagal transaction. plus meron pa mga app for smartphones for restaurants/grocery store/fast food chains, where you can pay using your phone na para di mo na kelangan pumirma or labas wallet mo, yung ibang mga restaurant pa pwede ka na agad umorder sa phone mo. on gas stations don na mismo sa pump swipe mo na agad card mo no need to sign anything tapos agad, unlike sa atin dadalin pa sa cashier antay ka pa ng konti. that's the reason why they use cards a lot because of the hassle free transaction.

BTT: no i always make sure that the things i buy i can actually afford. but i use my credit card a lot because i can control my spending more compared when i'm using cash. siguro kasi makikita ni misis pag card kaya mas controlled unlike pag cash walang huli.:bwahaha:

buy house can't afford



CC delinquencies peaked pre-financial crisis then the Great Deleveraging



the US economy got f*cked some years ago coz people borrowed to much and couldnt pay

5 years later the US economy is still recovering

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btw, i know everybody uses debit/credit cards in the states