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Dan Uke
02-25-2013, 05:03 PM
I believe the American Dream is to buy things when you can't afford it and don't have the money.

How many of you have purchased a uke with a credit card and was not able to pay it off the next month? I am making a poll and it is anonymous. :o

BTW, I work at a bank...LOL

mm stan
02-25-2013, 05:12 PM
I can imagine how many now make a loan and cannot pay because of the bad economy....wonder how many of those intended not to pay? give us the the stats...hee hee
Yes Is it the amercian dream or amercian greed?? hmmmmm

hawaii 50
02-25-2013, 05:14 PM
Aloha Daniel

I have paid for all my ukes with cash..retirement gifts to myself..and I pay all ukes upfront or as soon as possible..i usually pay the full amount of a custom/special order within a month..comes in real handy when the builders raise their prices..etc

I want to show the builder I have full confidence in them..which I do

mds725
02-25-2013, 07:53 PM
After having some minor issues with credit cards after law school, I now make sure I don't buy anything on a credit card, including ukuleles, that I can't pay off in full before the next payment is due. I don't like having to pay interest on carried-over balances.

dkpianoman21
02-25-2013, 08:30 PM
I believe the American Dream is to buy things when you can't afford it and don't have the money.

The version I've heard is "The American Dream is buying things you don't need with money you don't have to impress people you don't like"

I voted yes because I recently took delivery of a high end instrument, which I planned on selling one of my high end guitars to fund. The sale fell through, and on the day after the delivery I was involved in a minor fender bender that will cost me $1700. I won't be going into debt over this, but it's certainly more money than I should be spending right now.

Tigeralum2001
02-25-2013, 08:41 PM
I believe the American Dream is to buy things when you can't afford it and don't have the money.

How many of you have purchased a uke with a credit card and was not able to pay it off the next month? I am making a poll and it is anonymous. :o

BTW, I work at a bank...LOL
I believe that is a Banker's Dream. The American Dream is to own your own house (paid off) and your children to do better than you.

Consumerism is what lead to the financial meltdown. If you can't afford it, don't buy it...

Hippie Dribble
02-25-2013, 09:04 PM
Totally agree with Tiger, that is a banker's dream. Sad how often they come true. I don't own a credit card, nor will I ever.

Joshypogi
02-25-2013, 09:27 PM
Read my mind :)

Kyle23
02-25-2013, 09:35 PM
I came close haha. I don't have a credit card, but I was going to do the ebay Bill Me Later feature for a special offer on a solid bamboo uke. Was just recently actually.

Pundabaya
02-25-2013, 10:54 PM
I thought the American Dream was a big guy called Dusty?

Seriously, no. I do have a credit card, and I do use it regularly, however most of the time I pay off any purchases as soon as possible, ideally before the next billing date, but sometimes things come up.

I use my credit card to keep my credit rating up to scratch, in case I need a grown-up loan (mortgage, car finance). I don't load it up and pay the minimum, that's a fools game.

There is one good thing about buying a uke with a credit card... If anything happens in transit, the credit card company will sort it.

dkcrown
02-26-2013, 12:59 AM
Nope. I won't allow myself to get caught up in the vicious cycle of credit card debt. They don't get used a lot, but they get paid off every month, uke or not.

Kem
02-26-2013, 01:40 AM
Well, I'm Canadian. Also, no. I try to live within my means. Debt scares me.

wendellfiddler
02-26-2013, 01:48 AM
I buy everything with a credit card, rack up air miles, use them to visit my family, and I haven't carried a balance from one month to the next in 20 years.

PhilUSAFRet
02-26-2013, 02:19 AM
My American dream is to be able to pay for what I want. Through a lifetime of work and proper planning, I don't need to rely on credit. I have succeeded.....and not by buying things I can't afford.

Dave-0
02-26-2013, 02:55 AM
This isn't the "American Dream"...it's a fool's dream and is exactly the consumeristic attitude that's gotten the countrty into the fiscal mess that it's currently in with a mountain of debt that's virtually unpayable. I use credit cards (sparingly) to maintain credit scores and never ever carry a balance from one month to the next. If I can't buy something I want (there certainly is a difference between want and need) with cash, then I will not buy it. Period. I retire next year after a 20 year career in the military and plan on building my retirement home with cash.

DaleR
02-26-2013, 04:16 AM
I think that was Ronald Reagan's big dream...to kill the middle class by crippling them in debt. They fell for it too. I hate big banks and credit cards. I also believe corporations are people and should be treated as such...every employee should be held totally acountable just like a private citizen for corporate greed and blunder, and ruining the environment. But hey, I am from Wisconsin and look at what the teapublicans have done to US.:wtf:

remy26
02-26-2013, 04:43 AM
I thought the American Dream was a big guy called Dusty?

Seriously, no. I do have a credit card, and I do use it regularly, however most of the time I pay off any purchases as soon as possible, ideally before the next billing date, but sometimes things come up.

I use my credit card to keep my credit rating up to scratch, in case I need a grown-up loan (mortgage, car finance). I don't load it up and pay the minimum, that's a fools game.

There is one good thing about buying a uke with a credit card... If anything happens in transit, the credit card company will sort it.

I don't have much to add to the thread, except that getting and keeping my credit under control was one of the smartest things I've ever done. There was a moment that I realized that, as long as I can control the situation, rampant credit card debt would never get the best of me.

The real reason I posted here was to give a shout out to the Dusty Rhodes reference...just didn't want you to think it went unnoticed! :D

Coconut Willie
02-26-2013, 06:22 AM
No...only pay off the charge card when it comes in at the end of the month.

Dan Uke
02-26-2013, 06:26 AM
I was being facetious as I don't use my credit card unless I can pay it off.

However, debt is not bad to build wealth and loans are the american dream as many of us wouldn't be able to afford a home without a mortgage.

remy26
02-26-2013, 07:03 AM
I was being facetious as I don't use my credit card unless I can pay it off.

However, debt is not bad to build wealth and loans are the american dream as many of us wouldn't be able to afford a home without a mortgage.

I agree. Credit is a great tool if managed properly. It's the "using it properly" part that can run away on you.

Tigeralum2001
02-26-2013, 08:22 AM
I think that was Ronald Reagan's big dream...to kill the middle class by crippling them in debt. But hey, I am from Wisconsin and look at what the teapublicans have done to US.:wtf:
That is an awfully broad brush you are painting with. Let's not forget banks wouldn't touch sub-prime lenders until Clinton forced them to. I mean, who in their right mind would loan people money when it is known that they can't pay it back?

If you want to believe it is a corporaion's responsibility, that is great. Many people believe that the responsibility resides with the individual to understand their own financial situations.

haolejohn
02-26-2013, 08:49 AM
I believe the American Dream is to buy things when you can't afford it and don't have the money.

How many of you have purchased a uke with a credit card and was not able to pay it off the next month? I am making a poll and it is anonymous. :o

BTW, I work at a bank...LOL

I've done this in the past...but only with an interest free period still going. I also bought a few ukes with student loans.
I was stupid. I have sense learned to pay cash for it. Or use the CC then immediately pay the CC off.

It took me awhile to learn this lesson...Now my UAS is under control and it just takes me longer to get the uke I want.

The American dream financially is to get what I can. I was raised dirt poor. My dad didn't know anything about credit or saving. I am having to learn all this on my own. I honestly say that the last two years have I really started to try to live debt free. It helps to have two incomes (after going five years without a full paycheck) and my wife and I will see no debt within three years (except for our house).