Buying something which you cannot aford.

**vinj** · July 28th, 2013 08:19 PM

Originally Posted by Boy Bastos

Oo nga. Expect mo na rin na madami magpopost dito ng cash lang sila kung magbayad dahil ayaw ng credit card maski hassle magdala ng cash sa mall.

Of course, cash payment is good but it is better to have a credit card. If you don't have a credit card, it's either you don't have a bank account of your own or still living with your payrent's money.

I never figured out why some have to insist on paying cash always. It's a big risk when you have to buy high price items. Just use a CC and settle it when you're billed. Even at my work place, we don't encourage people to settle in cash as they expose us to a high risk of cash loss/theft/robbery. A credit card is a finance tool if you manage it properly and settle at the end of the month. The discounts and rebates on items such as gasoline are quite helpful too.

Eto, another former office mate (single, no family to support) messaged us that he's selling some stuff from his "collection" to help pay off debts. Bumili ba naman ng Mirage at nag travel... When i would meet up with him and some former colleagues, they always talked about their expensive watches and stuff while i just kept myself happy with my Casio. Ayun, sakit tuloy ng ulo niya ngayon.

I also have another former colleague who was deep in credit card debt but kept buying branded whatevers (useless phones, watches, etc) because he had to keep up with the Joneses where he worked. Payabangan kasi yung culture (but honestly, from how i know that company since i deal with them and used to be in the same field, medyo bulok naman sila). When he got married, he invited all those from his current job even though he hated them, just to show off i guess. While some friends whom he grew up with, went to school with, and started out working with and may pinagsamahan kahit papaano, di-invited (myself included). Talk about misplaced priorities

**Boy Bastos** · July 28th, 2013 10:06 PM

Originally Posted by ClaNker

Anong klaseng kape ba ang ininom mo ngayon araw BB?

Open ka ng ATM account with minimum opening balance na 2K (BDO) may debit card kana. By the way your debit card is also your ATM card.

Nescafe Brown 3-1 lang.

Yun! Mismo. Mas madaling kumuha ng debit card kaysa sa credit card.

Ewan ko lang sa iba kung bakit mas gusto magbayad in cash eh mas convenient at safer ang credit card payment. Kapag may error or mis-charge eh mas madaling i-reklamo.

**Boy Bastos** · July 28th, 2013 10:11 PM

Originally Posted by stavros

I think you really dont know what a debit card is since youre still comparing it to a credit card.

Mukhang kailangan mo ng salamin or konting batok para makalog naman ang utak mo. Ang linaw-linaw ng nakasulat eh.

Originally Posted by Boy Bastos

Hhhmmm...

Tell me the minimum requirements of a debit card and a credit card.

You'll have your answer.

:D

MINIMUM REQUIREMENTS and not DIFFERENCE.

**Boy Bastos** · July 28th, 2013 10:12 PM

Originally Posted by vinj

I never figured out why some have to insist on paying cash always. It's a big risk when you have to buy high price items. Just use a CC and settle it when you're billed. Even at my work place, we don't encourage people to settle in cash as they expose us to a high risk of cash loss/theft/robbery. A credit card is a finance tool if you manage it properly and settle at the end of the month. The discounts and rebates on items such as gasoline are quite helpful too.

Eto, another former office mate (single, no family to support) messaged us that he's selling some stuff from his "collection" to help pay off debts. Bumili ba naman ng Mirage at nag travel... When i would meet up with him and some former colleagues, they always talked about their expensive watches and stuff while i just kept myself happy with my Casio. Ayun, sakit tuloy ng ulo niya ngayon.

I also have another former colleague who was deep in credit card debt but kept buying branded whatevers (useless phones, watches, etc) because he had to keep up with the Joneses where he worked. Payabangan kasi yung culture (but honestly, from how i know that company since i deal with them and used to be in the same field, medyo bulok naman sila). When he got married, he invited all those from his current job even though he hated them, just to show off i guess. While some friends whom he grew up with, went to school with, and started out working with and may pinagsamahan kahit papaano, di-invited (myself included). Talk about misplaced priorities

Mismo!

Ewan ko ba sa iba. Baka naman hindi ma-approve ng credit card kaya cash na lang. Alam mo naman dito puro kwento lang at pataasan ng ihi.

**Retz** · July 28th, 2013 10:17 PM

ung BDO ko nakalagay 'ATM Debit Card'.

**sirkosero** · July 28th, 2013 10:27 PM

meron akong staff, swipe dito, swipe dun. nagtataka ako lahat ng gadgets bago. may S4 pa at iphone5 (pang sun daw). lagi starbucks ang kape at mahilig din mag buffet pag nakikipag sosyalan. syempre post lagi sa fb at instagram.

ako nga cloudfone lang telepono at 3in1 ang kape...

nakngtinapay nagulat ako may dumating na mga demand letter sa office. apparently tinakbuhan pala nya utang nya sa ibang cards... huling balita ko nangungutang sa ibang staff ng pambili ng gatas ng anak nya... pero after nya bumili ng flat screen na TV at posting sa FB. mga tao nga naman mali priority...

**jansky** · July 28th, 2013 10:30 PM

Originally Posted by Retz

ung BDO ko nakalagay 'ATM Debit Card'.

kahit nga ung sa payroll acct (atm) na issue is already a Debit Card..

**Retz** · July 28th, 2013 11:19 PM

Originally Posted by sirkosero

meron akong staff, swipe dito, swipe dun. nagtataka ako lahat ng gadgets bago. may S4 pa at iphone5 (pang sun daw). lagi starbucks ang kape at mahilig din mag buffet pag nakikipag sosyalan. syempre post lagi sa fb at instagram.

ako nga cloudfone lang telepono at 3in1 ang kape...

nakngtinapay nagulat ako may dumating na mga demand letter sa office. apparently tinakbuhan pala nya utang nya sa ibang cards... huling balita ko nangungutang sa ibang staff ng pambili ng gatas ng anak nya... pero after nya bumili ng flat screen na TV at posting sa FB. mga tao nga naman mali priority...

mahirap ung ganon sir blacklisted ka na sa lahat. maliban na lang if you change your identity ala identity thief movie.

**_Cathy_** · July 28th, 2013 11:36 PM

There's nothing wrong with owning a credit card as long as you pay for your balance in full. Spend only if you have the capacity to pay for the total amount once your bill comes in. These days having a card is almost a necessity, for example when you travel the hotel will require a credit card as it acts as a guarantee for the hotel. A credit card is also one of the references that you can use as proof of financial capacity. The biggest sin that people commit is to let their credit cards revolve. The interest will really eat you up.

Banks now are too aggressive in issuing credit cards. In the early 90s, credit card companies were very conscientious when it comes to membership. Then comes Citibank in the mid 90s issuing credit cards left and right. Now every tom, dick and harry has a credit card regardless of their capacity to pay. That's when sh1t happens.

**_Cathy_** · July 28th, 2013 11:51 PM

Originally Posted by dr. d

i pay cash. the entire amount. no plastic.
if i don't have the cash, i don't buy it.
it pains me, that is why i do not splurge.
(btw, "cash" includes MCs.)

This makes me feel so nostalgic! I remember as a child, people always brought a cheque book around. Blank cheques were the ultimate gifts back then. hehe.