[lucky]

A comment in a brisk thread got me to make this thread about something I'd been wondering about for a while. Here's the comment:

Quote:

Originally Posted by Head-fi poster boo todd and boo grado. Every time I get close to having my credit card payed off, some limited edition grado something or other comes out and I end up sending them more money via ttvj. At least this won't hurt my wallet as bad as the ps-1 did.

Which is greater in your personal case--your current credit card debt, or the purchase value of your headphone gear (including amps, etc)?

 

[odigg]

The topic of this thread is very funny. You should add another option to the poll. "Your headphone purchases have resulted a significant credit card debt."

 

[kboe]

Credit Card debt is the same as slavery!
Kevin

 

[ivan2]

have to say headphone cuz i paid in full each month =P

 

[lutwey]

no debt of any kinds........which could be a bad thing. i just dont buy things i couldn't afford.

 

[Uncle Erik]

The gear is worth a lot more than my debt. But don't put your audio purchases on credit unless you have enough to pay it off. I like credit cards for convenience and security, but not for finance.

Of course, I'm being an enormous hypocrite right now for blindly throwing $429 on the Visa this morning. There are some things that cannot be helped.

But that's the 2.9% card, I have the money, and I'll knock it off in a month or two.

 

[Charles_1985]

I try to pay for all of my headphone gear and music with cash - so far, I have been successful!

 

[cswann1]

I made a policy years ago that goes like this:

If I want it and I don't have the money for it, I'll wait until I do to buy it.

Using credit cards for buying luxuries you can't afford at the moment is a bad idea.

 

[TopPop]

We should make a new poll: "School loan debt vs. the combined value of everything you own: which is greater?"


My vote would be for the former...

 

[cswann1]

Quote:

Originally Posted by TopPop /img/forum/go_quote.gif We should make a new poll: "School loan debt vs. the combined value of everything you own: which is greater?" My vote would be for the former...

That hit home

 

[chinesekiwi]

$1000 interest free overdraft = buy now, pay it off by selling stuff I don't need including audio equipment later.

 

[nullstring]

Quote:

Originally Posted by Uncle Erik /img/forum/go_quote.gif The gear is worth a lot more than my debt. But don't put your audio purchases on credit unless you have enough to pay it off. I like credit cards for convenience and security, but not for finance. Of course, I'm being an enormous hypocrite right now for blindly throwing $429 on the Visa this morning. There are some things that cannot be helped. But that's the 2.9% card, I have the money, and I'll knock it off in a month or two.

2.9% card?

My bank account has more interest than that.

Where did you get that?

 

[moonboy403]

Quote:

Originally Posted by TopPop /img/forum/go_quote.gif We should make a new poll: "School loan debt vs. the combined value of everything you own: which is greater?" My vote would be for the former...

Let's see:

School loan debt: around $9000
Gear worth: around $2000 if everything new

 

[TopPop]

Quote:

Originally Posted by moonboy403 /img/forum/go_quote.gif Let's see: School loan debt: around $9000 Gear worth: around $2000 if everything new

No, I meant everything... as in every single possession I own.

Oh well, it's a good investment, and is paying off very well already (not in income yet, but in life goals).

 

[kool bubba ice]

Never been in CC debt. If you don't have the money don't buy it.