Friday, March 27th 2015

Debt Douchisms

by Mr Credit Card

This is a guest post by Ninja from Punch Debt In The Face. I recently stumbled across Ninja’s site and I must say that I always end up laughing when I’m reading his stuff. Perhaps it’s his writing style and the fact that he just speaks his mind. So I’ve invited him to write something here (which is nice since I just came back from vacationing!

What is a debt douchism you may be asking yourself?
Well it’s a term I just invented to describe situations in which using debt is a douche bag move. For today’s post, let’s take a look at three doushisms…

Case Study One: Rolling one car loan into a new car. I don’t know what your opinions are on ing a new car, but I am a firm believer in the 100% cash plan. I do acknowledge, however, that there are quite a few PFers that have no problem taking out a loan on a new set of wheels. Financing a car in and of itself is not a douche bag move. The super douche moment comes when an individual owes $30K on his 2007 BMW X5 and is trading that car in, and rolling over his loan in to the new 2009 BMW X5 because it now has a built in DVD player. Car debt is not necessarily a bad thing, but when you ALWAYS have car debt and are constantly rolling old debt into new debt, then you sir are a douche.

Case Study Two: Paying minimum payments on your Credit Card. Let me clarify. You might be a douche bag if… you are paying minimum payments on your credit card, when your income allows you to pay much more. Don’t get me wrong, I love my freakin’ credit card. I use it for just about every purchase I make and it comes with some pretty sweet perks. If I had to choose between my girlfriend or my Visa….well, let’s not go there :) Credit cards are wicked awesome when used responsibly, but wicked retarded when used carelessly. If ya have $10K in credit card debt, and are only sending monthly payments of $20, it’s time to rethink your priorities and get your act together.

Case Study Three: Spending more than you make. If you spend more than you make, I’m just gonna be honest…you are a douche. That is, unless you are in some type of emergency situation and have no other way to support yourself. The mega-douches, though, don’t give a poop how much they spend on random, useless stuff. Ya can’t live a Louie Vuitton lifestyle on a Kentucky Fried Chicken income. I once was a mega douche, living outside of my means, but I heard the financial gospel and my life has been changed. Life is better when you’re not drowning in debt. So there ya have it bloggers. Three debt douchisms. Hopefully I didn’t offend too many of you :) Thank you Mr. Credit Card for letting me come out and play on your blog for a day. It truly was a blast. And now is the part where I shamelessly promote my blog, my feed, and my twitter. Yes, yes, yes I am a PF whore. Take care ya’ll.

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