BMW/LEXUS selling too fast ?

[UCGal]

[quote=Allan from Fallbrook]I watch the number of people that pay for groceries with credit cards and locally that number is about 6 out of 10. Not debit cards, credit cards.

For far too many years, people equated wealth with credit and the two have nothing to do with each other. The people really getting squeezed are those that relied on having access to all that credit and now it’s being taken away.[/quote]

Add me to the chorus of people who pay for groceries with the credit card (costco amex) and get the cash back. I pay the bill in full every month, don’t carry a balance.

I agree with your statement about people getting confused between available credit and wealth. To me, wealth is having lots of large assets that are owned outright… not mortgaged. If you’re making payments on all of your stuff (house, cars, boats, etc.) you might not be as wealthy as you look.

[UCGal]

[quote=Allan from Fallbrook]I watch the number of people that pay for groceries with credit cards and locally that number is about 6 out of 10. Not debit cards, credit cards.

For far too many years, people equated wealth with credit and the two have nothing to do with each other. The people really getting squeezed are those that relied on having access to all that credit and now it’s being taken away.[/quote]

Add me to the chorus of people who pay for groceries with the credit card (costco amex) and get the cash back. I pay the bill in full every month, don’t carry a balance.

I agree with your statement about people getting confused between available credit and wealth. To me, wealth is having lots of large assets that are owned outright… not mortgaged. If you’re making payments on all of your stuff (house, cars, boats, etc.) you might not be as wealthy as you look.

[DWCAP]

I usually pay with my CC for the reason stated above. I could pay with cash I guess, but I

A) dont want change which I will most likley just loose.

b) Dont want to carry around large amounts of cash or go to the bank every few days

c) like getting 1% back.

d) hate the people who pay with a check and decide to start writing the check AFTER everything is scanned and take their sweet time about it too. Or pay with cash, but have to make exact change and start counting pennies about the same time the person writing the damn check does.

It is faster, 1% cheaper, and more efficient and I have never carried a balance even one month, so it doesnt cost me any more. So that is why I use my CC to buy groceries, and other stuff for that matter.

I do wonder how many people are actually paying off the balance at the end of the month though.

[DWCAP]

I usually pay with my CC for the reason stated above. I could pay with cash I guess, but I

A) dont want change which I will most likley just loose.

b) Dont want to carry around large amounts of cash or go to the bank every few days

c) like getting 1% back.

d) hate the people who pay with a check and decide to start writing the check AFTER everything is scanned and take their sweet time about it too. Or pay with cash, but have to make exact change and start counting pennies about the same time the person writing the damn check does.

It is faster, 1% cheaper, and more efficient and I have never carried a balance even one month, so it doesnt cost me any more. So that is why I use my CC to buy groceries, and other stuff for that matter.

I do wonder how many people are actually paying off the balance at the end of the month though.

[DWCAP]

I usually pay with my CC for the reason stated above. I could pay with cash I guess, but I

A) dont want change which I will most likley just loose.

b) Dont want to carry around large amounts of cash or go to the bank every few days

c) like getting 1% back.

d) hate the people who pay with a check and decide to start writing the check AFTER everything is scanned and take their sweet time about it too. Or pay with cash, but have to make exact change and start counting pennies about the same time the person writing the damn check does.

It is faster, 1% cheaper, and more efficient and I have never carried a balance even one month, so it doesnt cost me any more. So that is why I use my CC to buy groceries, and other stuff for that matter.

I do wonder how many people are actually paying off the balance at the end of the month though.

[DWCAP]

I usually pay with my CC for the reason stated above. I could pay with cash I guess, but I

A) dont want change which I will most likley just loose.

b) Dont want to carry around large amounts of cash or go to the bank every few days

c) like getting 1% back.

d) hate the people who pay with a check and decide to start writing the check AFTER everything is scanned and take their sweet time about it too. Or pay with cash, but have to make exact change and start counting pennies about the same time the person writing the damn check does.

It is faster, 1% cheaper, and more efficient and I have never carried a balance even one month, so it doesnt cost me any more. So that is why I use my CC to buy groceries, and other stuff for that matter.

I do wonder how many people are actually paying off the balance at the end of the month though.

[DWCAP]

I usually pay with my CC for the reason stated above. I could pay with cash I guess, but I

A) dont want change which I will most likley just loose.

b) Dont want to carry around large amounts of cash or go to the bank every few days

c) like getting 1% back.

d) hate the people who pay with a check and decide to start writing the check AFTER everything is scanned and take their sweet time about it too. Or pay with cash, but have to make exact change and start counting pennies about the same time the person writing the damn check does.

It is faster, 1% cheaper, and more efficient and I have never carried a balance even one month, so it doesnt cost me any more. So that is why I use my CC to buy groceries, and other stuff for that matter.

I do wonder how many people are actually paying off the balance at the end of the month though.

[carlsbadworker]

Here is the stats:

http://www.stopbuyingcrap.com/credit-related/latest-gallup-poll-shows-43-of-americans-pays-credit-in-full/

[carlsbadworker]

Here is the stats:

http://www.stopbuyingcrap.com/credit-related/latest-gallup-poll-shows-43-of-americans-pays-credit-in-full/

[carlsbadworker]

Here is the stats:

http://www.stopbuyingcrap.com/credit-related/latest-gallup-poll-shows-43-of-americans-pays-credit-in-full/

[carlsbadworker]

Here is the stats:

http://www.stopbuyingcrap.com/credit-related/latest-gallup-poll-shows-43-of-americans-pays-credit-in-full/

[carlsbadworker]

Here is the stats:

http://www.stopbuyingcrap.com/credit-related/latest-gallup-poll-shows-43-of-americans-pays-credit-in-full/

[CA renter]

We also belong to the “credit card for every purchase” club. We literally use it for almost every single purchase we make, no matter how small, for all the same reasons stated above.

In the past ten years, we’ve carried a balance on our CC exactly twice, and paid 50% in one month, and the other 50% the next (all planned) on both occasions: once for our wedding/honeymoon expenses and once for a multi-week vacation.

Other than the CC which we pay off at least once a month, we have NO debt…no mortgage (because we rent), no car payments, no student loans, nada.

[CA renter]

We also belong to the “credit card for every purchase” club. We literally use it for almost every single purchase we make, no matter how small, for all the same reasons stated above.

In the past ten years, we’ve carried a balance on our CC exactly twice, and paid 50% in one month, and the other 50% the next (all planned) on both occasions: once for our wedding/honeymoon expenses and once for a multi-week vacation.

Other than the CC which we pay off at least once a month, we have NO debt…no mortgage (because we rent), no car payments, no student loans, nada.

[CA renter]

We also belong to the “credit card for every purchase” club. We literally use it for almost every single purchase we make, no matter how small, for all the same reasons stated above.

In the past ten years, we’ve carried a balance on our CC exactly twice, and paid 50% in one month, and the other 50% the next (all planned) on both occasions: once for our wedding/honeymoon expenses and once for a multi-week vacation.

Other than the CC which we pay off at least once a month, we have NO debt…no mortgage (because we rent), no car payments, no student loans, nada.

[Author]

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