>>We simply made the decision when the CC companies decided to adjust rates with “so and so” many days notice that what if one day they raised rates beyond our ability to pay? Or what if the Cycle of payment was shortened past the current 28 days? Or what if...<
I have never had my CC payment cycled reduced in over 20 years. If you use your CC the same as cash and always pay it to zero then it IS the same as cash. The billing cycle is irrelevant if you have real money to cover the purchases.
>>We work hard for the income we have, therefore we guard our ability to make decisions in the manner we spend it. <<
As opposed to us trust-fund babies who work 60-80 hours a week and put on (until recently) 20+ hours travel a week.
You are confusing “spend” with “pay.”
>>Works for us although it is not for everyone.<<
It works now. In the near future it wont work at all and you won’t be in a mature position to deal with a 100% plastic society.
>>>Does it cause some POS problems? Yep. We’ve learned to carry more ID for checking into a Hotel if necessary, budget how much cash we should have on hand, and not spend more than we have coming in.<<
Rented a car lately? Without a credit card it can’t be doe at all. And resort hotels put between $500 and $2000 on your card when you check in. It might be a DR card but that meas you are “paying” that much.
>>I might disagree with the Government not creating money on plastic - EBT, Veteran Benefit Cash Cards, etc - those are (at least until a budget is passed) created electrons representing Credit/Debit/Cash available that does not truly exist.<<
You need to learn about M0/M1/M2/M3 etc. The government does not “create” plastic money. All those plastic EBTs need to be “filled.” They are ECHOS of the federal Monetary supply. The problem is at the federal level where they “fill” the accounts that used to “fill” with funny money.
Ultimately we each make our own decisions. The “Plastic Money is the wave of the future and Cash will die” discussion has been around for a bit. It sounds like you have made decisions that are best for your situations as have we.
Not sure exactly what the point of the above is. If you have a trust fund and chose to travel, then that is what you have chosen to do? Perhaps I’ve misunderstood the discussion.
While we will not be in your “Mature Position”, we will be in our own comfort zone. Contrary to popular belief - there are alternate lifestyles which work acceptably in different sections of the world.
Haven’t rented a car lately - have had one rented for us under our Car Insurance Policy after an accident. For less than $7 per month - easily added to the policy. No other need beyond that.
I’m not exactly sure what a “Resort Hotel” is - we don’t Vacation much. Any “overnighter” has been paid in Cash when we arrive with the balance paid in cash upon checkout. Are there really Hotels that operate that way? I don’t suppose we operate on the same level as other people do. I make the assumption that if a business would like my money they will make allowances. Might just be regional I guess.
The above is pure semantics. The money does not exist. Credit Cards do not fall under M1, M2 or M3 - thereby are not considered within the monetary system until repaid - hence EBTs for example (which are never repaid or credited to the opposite side of a balance sheet) are part of the Monetary system @ POS, etc.
Sounds like we differ on Economic Systems that are/aren’t/can’t/won’t ever be in agreement. Interesting discussion none the less.