Relief for consumers still coupled with discipline August 15, 2009
Posted by BDO in News.Tags: anti-consumerism, beating, card, consumer, credit, Debt, government, personal, responsiblity
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By Josh Verges
“A lot of people buy into the concept that paying the minimum balance is OK and whatever they want they should put on the credit card,” she said. “Consumers need to take responsibility, too. It’s a two-way street.”
This article does a great job in balancing the new Credit Card reform legislation with our continuing need for personal responsibility. I agree there are many marketers and corporations that use subtle and even blatant techniques to convince us to buy, buy, buy that should be reformed. However, no government will be able to protect all people from all things. There needs to be some level of education, responsibility, and discipline that must be found within ourselves to say “No!” to the many advertisements we see on TV, radio, and the internet. During the “greatest economic downturn, since the Great Depression“, many people are trying to use our frustration, hesitation, and fear to manipulate us to MAKE MONEY and wield power. Be on your guard and stick with your current plan to beat debt to make a successful financial marathon.
For more on this article, please click here.
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