sparkling way to debt
common mistakes in relationships are all, in one way or another, related to debt.
Debt and lifestyle go hand in hand in American society. When you use debt to fund
a consumptive lifestyle, not only do you have the consumptive lifestyle working
against you financially, but you also have the additional burden of debt working
against you financially. Both should be avoided like the plague! Never get into
debt for a diamond ring!
the use of debt is incredibly difficult because the promotion of credit card use
has made diamonds so easy to obtain and the temptation to use credit or debt so
overwhelmingly difficult to resist. Jewelry companies are spending hundreds of
billions of dollars to entice each of us to spend and to use credit with cards
that make spending "easier", and those amounts are a pittance when compared
to additional advertising dollars of retailers.
diamond rings a good investment. Depends. The diamond ring you buy may or may
not increase in value. If you have to repay your credit ininterest, then certainly
not. And if you have to sell that diamond to get back some cash, you're in trouble!
Remember, credit card companies charge 18% to 24% interest on those diamonds annually
if its not repaid immediately.
to a banker in the banking industry, a person who uses his or her credit card
for convenience sake and pays the debt off each month is known as a "deadbeat".
your credit card loan interest as well as your compounding interest with our calculators.
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