Buying something which you cannot aford.

**testament11** · July 27th, 2013 12:54 PM

Problema ito ng madami. Nung una kong nagkaroon ng sahod, ubos agad yun at wala akong naitabi. Pero once ko lang nagawa yun. Ngayon kasi, pag may isang bagay na gusto ko bilhin, kelangan pagipunan ko muna at dapat sobra yun naipon mo sa nabili mo at hindi dapat matigil yun pag-iipon ng pera. Tsaka ang hirap kumuha ng hulugan. Sa una akala mo ok lang kasi zero o maliit lang pinalabas mong pera, compared sa outright cash. Pero hindi mo alam kung ano mangyayari bukas.

**testament11** · July 27th, 2013 12:57 PM

Originally Posted by Parkuu

Credit card is evil

True. Pag di mo kaya i-handle yan, kawawa ka pagdating ng billing statement mo. I have 3 CC's, pero most of the time, gas expenses lang naka-charge doon. Seldom lang yun ibang purchases like groceries or clothes.

**Retz** · July 27th, 2013 12:59 PM

nangangamoy SC thread ito.

**uls** · July 27th, 2013 01:06 PM

Originally Posted by foresterx

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

__

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

**uls** · July 27th, 2013 01:12 PM

banks tightened credit during the crisis

credit contraction f*cked the US economy

the Great Deleveraging

consumers paid down debt

start borrowing again

**foresterx** · July 27th, 2013 01:22 PM

Originally Posted by uls

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

__

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

kinda unfair to use those statistics when their country has the most issued creditcard don't you think?

here's a good read about credit cards in other countries.
How different cultures handle credit cards

**ClaNker** · July 27th, 2013 01:25 PM

Originally Posted by CVT

Number one ang mga taga US diyan.... Utang to the max..... worse, vicious cycle na......

Ika nga ng retired pinoy na ka kwentohan ko sa gym... "Grabe mga kasama kung pinoy dun, bili dito bili dun, pag may bagong gadget bili, pag 2 or 3 year old na ang kotse palit ng bago, pag may gamit si kapit bahay dapat meron din sila. Ayun daming utang."

Vicious cycle nga ika nya, and dali kasi ng buhay pag may plastic. Tyak mapapa utang ka. Which also has become the norm here.

**uls** · July 27th, 2013 01:26 PM

how Americans live

soon that chart will apply to pinoys

**joemarski** · July 27th, 2013 01:27 PM

Ewan ko ba kung bakit may mga taong nakakatulog ng mahimbing na may ini- isip na utang
o mga dapat bayaran. Marami akong mga kasamahan sa trabaho na ganyan.

Lagi kong inu- una ang mga "basic needs", 'yung mga bagay na kailangan talagang bilhin.
There's always a time to buy those "not so important things". Mapag- iipunan naman 'yan.
Saka ka na bumili kung sigurado ka ng di kakalam sikmura mo.

May mga tao pa ngang umu- utang lang para pambayad ng utang. $-2-PIDS!!! :mad:

**CVT** · July 27th, 2013 01:31 PM

Bro forester, I am sincerely happy that you are doing well in the US. I have not lived there, but I was there the longest for 4 months on company sponsored trips and trainings. And I have been there a couple of dozen times mostly in northern CA and the northwest area again mostly on company sponsored travels..

In my various interactions with Filipinos and Caucasians, that is what they are telling me. That they live their lives on their paychecks. however their only advantage is that they can have second jobs with good pay to augment their family income...

Credit is easy there, and it is human nature to borrow as much as possible to sustain the life style they like....

I believe bro uls has some profound data presented above...