I think when I was in school we learned a few things about how to balance a checkbook and other things that I'm not sure mesh all that well in a world that had already become mostly plastic cards and online banking. I don't recall ever hearing anything about debt and why it sucks, or saving money, any of that crap.
Dave Ramsey irritates me at times, but damn if he doesn't tell people to get over their excuses and do something about it. I think it may have been more of a person I knew that was a Dave Ramsey nut that irritated me, he'd always gripe about me using my credit card to buy stuff.
he'd always gripe about me using my credit card to buy stuff.
I use credit cards all the time for the cashback and rewards. Even have specific cards for gas, take-out, groceries, etc. Used to churn for a bit, but I stopped since it was getting too time-consuming. As long as you pay the statement balance every month, the interest APR is irrelevant.
That said, I do agree that credit cards will make you more prone to spending, since it's abstract numbers in a computer and not physical cash disappearing from your wallet. But these people usually use a debit card, which is just as bad if not worse.
I know we didn't have anything like that. I'm just glad I took gr 11 three-book accounting - books, not computers, and calculators were banned. (This was maybe 1984.)
But then, I grew up in a weird transitional period, a lot of what I was taught was too old by the time I might have used it.
Back in high school, I had a class where all we did was watch Dave Ramsey.
I don’t remember what the class was supposed to be, but that class has helped me out quite a bit.
Most people in my class probably ignored it, and we all thought it was kind of stupid at the time, but I am glad I actually paid attention.
I’ve made it a point to save as much as my income as reasonably possible, but a bad girlfriend (now ex) did take advantage of it for a bit.
I have been building a decent chunk of saving and currently work an “essential job” making $11 per hour, so I’m going okay for now.
I think when I was in school we learned a few things about how to balance a checkbook and other things that I'm not sure mesh all that well in a world that had already become mostly plastic cards and online banking. I don't recall ever hearing anything about debt and why it sucks, or saving money, any of that crap.
Dave Ramsey irritates me at times, but damn if he doesn't tell people to get over their excuses and do something about it. I think it may have been more of a person I knew that was a Dave Ramsey nut that irritated me, he'd always gripe about me using my credit card to buy stuff.
I use credit cards all the time for the cashback and rewards. Even have specific cards for gas, take-out, groceries, etc. Used to churn for a bit, but I stopped since it was getting too time-consuming. As long as you pay the statement balance every month, the interest APR is irrelevant.
That said, I do agree that credit cards will make you more prone to spending, since it's abstract numbers in a computer and not physical cash disappearing from your wallet. But these people usually use a debit card, which is just as bad if not worse.
I know we didn't have anything like that. I'm just glad I took gr 11 three-book accounting - books, not computers, and calculators were banned. (This was maybe 1984.)
But then, I grew up in a weird transitional period, a lot of what I was taught was too old by the time I might have used it.