Cash or Credit which shoud you use?

Always cash!For God's sake, that issue with credit cards is too much!Where I live thousands of people lose their fortunes just because they owe to the banks.Why take a loan or credit card if you cannot pay for it???!!??Why would people be so dumb these days?Ok i shouldnt generalize, but see where that condition has brought us!Is it so difficult to have some money in your pocket?If you cant pay it today, what makes you think you will be able to pay for it tomorrow? Thats my opinion.If you got money, you buy.If not, you wait :)

The boy should definitely wait to buy that jacket until he has the cash! Sit down with him and figure out how much money that jacket will cost by paying the minimum payment each month and how long that will take to pay off. I think you all will be amazed! I don't use credit cards for that same reason. If there is something I want and I don't have the cash for it I find something that will work until I have the cash. Personally I think credit cards are a big reason for why so many people are in so much financial trouble now days.

He should wait until he has the money for it. Because if he uses the credit card he will end up paying $476 for it.

i always pay cash and atm cards because i dont have credit cards and i dont like to use credit cards because i know myself that i cannot control using credit cards everytime i go for shopping.

I think he should buy it with the credit card cause he can buy it faster and it is more economic in some ways.

I think you should choose the cash,it is better. but if you are in china,you can choose credit,because the rate is very low,and the credit is very convenient.I'd like to use it.

i think he should save for it! lol but that doesn't mean i would! sometimes it is hard to save for something like that coz you always need the money for other stuff like.... your credit card repayments lol. I am a sucker for fashion and i sympathize i would do the same buy the jacket and worry about it late, you gotta make sure you look good.

Buying with credit is never a good idea. Unless the person has the money and in that case why buy credit? Saving for that jacket would make more sense, of course. I can understand that maybe the jacket is at a good price now so he wants to buy it but in the end it will make things much more complicated, not count with the fact that it will make them more expensive too with the hight interest.

Well, I guess saving up money for a particular band name jacket would be better than buying it with the card and then paying for the extra charges which is not very good on his part. t least if he is really motivated to have that brand mane jacket he will be able to save that amount in no time.Credit can be used but for very important things and I dont think a brand name jacket would be part of those very important things.

All I can say CASH CASH CASH! Credit card debt is so not worth it for myself I know and am in =(If I could try to give some advice by far use Cash Best of Luck and Keep us all posted, Hope he makes the best decision Happy posting Friend Stacy

Wow, 400 bucks is like a month's wages here. If your friend's kid really wants the jacket, I guess it would be ok to use his dad's credit card. However, I think that it would be unfair to his dad, if he would be the one to pay for his luxury item. If he really wants the jacket, I guess he should be the one to pay the $15 every month. That way, he would still be the one who bought the jacket.

if the son is a little boy,if he likes the jack very much/ i think he should pay for it right now.lost this chance,he will never catch it. this is just my mind. hehe

What is the purpose of your friend for giving his son a supplementary card? If it's to teach his son to have the discipline to pay for what he buys then that's foolhardy. The son will soon know that if he doesn't pay his bill, his father will eventually pay anyway. So he might or will then have an uncontrolled, undisciplined buying capacity. Then their relationship will be strained. Why not give the son a debit card account instead, that way whatever balance is in the card that's his son's buying capacity. If the amount is not enough, then the son would then "think" of ways to get the needed money. If there's nothing to buy yet, his son will learn to save. Just my 2 cents.

well its totally up to him what he wants to do... but i suggest that he get a little more money under his belt before he goes and gets this jacket.. at 19% he will be paying more of the interest charges than for the actual jacket...