Dont SPEND 0% Money People, Just Borrow and Save it

"I have $40,000 in credit card debt, but it's at 0%"

What's the difference? you still have $40,000 in credit card debt ! Get a clue. I mean what exactly does that mean when you say at 0%? As if I suppose to say that's smart. YOU HAVE DEBT! Regardless at what price you are still overspending.

It just kills me when I hear people talk like that as if they are justifying their overspending. I overheard someone say while we were on vacation, "I put this trip on my credit card that have 0% interest." CRAZY.

I can kinda-sort-of understand if you are doing credit card arbitrage and you are trying to gain something from a 0% card. But to just to carry cc debt from month to month because it's at 0% and you are not gaining anything from it, is silly ! YOU still owe the money. You are only fooling yourself.


Thanks moneymonk!