Debt is BAD!

shooter69

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Just looked at the good price of this Xbox1 controller at H&H. Then I noticed that you could buy it and pay it off. I nearly choked when I noticed you pay more then double for that product if you take it on those terms.

I was not planning on buying it on credit(I do not own an Xbox anyway, lol). But this add just gave me that little reminder of how bad debt is. Maybe it will help someone else. Stare at the numbers for a couple of seconds..... soak it all in. Then think about it :D

Bad debt.png
 
H&H are in the credit business which sells furniture and home appliances as a sideline :p
 
Looks about normal for debt. This is why I don't have any store cards, overdraught facility or anything similar. The only personal debt I believe is an any way a good idea is for the following:

Modest home
Modest car (preferably buy cash)
Education
 
Just looked at the good price of this Xbox1 controller at H&H. Then I noticed that you could buy it and pay it off. I nearly choked when I noticed you pay more then double for that product if you take it on those terms.

I was not planning on buying it on credit(I do not own an Xbox anyway, lol). But this add just gave me that little reminder of how bad debt is. Maybe it will help someone else. Stare at the numbers for a couple of seconds..... soak it all in. Then think about it :D

View attachment 440112

I hope people are smarter than this, to not take deals like this.
 
Furniture shops are notorious for this kind of crap. Sadly too many people just see R33pm and go for it.

Also, R499 is damn cheap for an Xbox One controller. If they are available for cash people should go out and buy them.
 
I thought debt was what this entire world economy was built on? Is this mean the current economic construct is bad?
 
Looks about normal for debt. This is why I don't have any store cards, overdraught facility or anything similar. The only personal debt I believe is an any way a good idea is for the following:

Modest home
Modest car (preferably buy cash)
Education

+1 :)
 
I just pick one up for R500 cash at the Arbour Crossing KZN branch
 
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