SoylentNews is people
SoylentNews
from the I-can-spend-until-I-reach-my-credit-limit,-right? dept.
If you have credit card debt, it may be time to scale back what you spend on luxury purchases.
But we’re not talking about doing without small luxuries like your morning coffee or an afternoon snack – things like your car loan or lease, leisure travel, dining and more can make a bigger difference.
A new CreditCards.com poll shows U.S. consumers who have credit card debt are outspending debt-free households in seven of nine discretionary spending categories (see chart). However, few are willing to cut back on any of their luxury purchases.
In fact, 18 percent of Americans who have credit card debt are unwilling to trim expenses in nine categories, including dining out, leisure travel and clothing (see chart). This despite the fact that the average credit card APR is nearly 18 percent.
[...]Our luxury spending poll also found:
- Many can live without dining out. Dining and takeout is the category all respondents – in debt or not – are most willing to cut in half. Still, less than half of those with credit card debt (48 percent) would trim their dining budgets, which average $2,186 per year.
- But vacations are a big budget item many won’t budge on. The average household with card debt spends $2,211 per year on leisure travel. But only 3 in 10 of those respondents would be willing to cut their travel spending in half.
- Cars, haircuts and cellphone plans are the biggest must-haves. The three categories people in debt were least willing to cut in half are personal care and beauty (23 percent), cellphone services and upgrades (25 percent) and car loans or leases (26 percent).
- Cut my streaming? You’re dreaming. Only 39 percent of respondents with debt would be willing to cut back on subscriptions services such as Netflix, Spotify and Xbox Live. However, at $1,198 per year, it’s the second-least-costly luxury expense among this group.
https://www.creditcards.com/credit-card-news/luxury-spending-poll/
(Score: 4, Touché) by Gaaark on Friday July 12 2019, @09:20PM (2 children)
Man... all it costs me for a haircut is sex with my wife, lol.
Men's haircut... $15
Women's haircut... $2000.000
Home haircut...priceless.
--- Please remind me if I haven't been civil to you: I'm channeling MDC. ---Gaaark 2.0 ---
(Score: 4, Funny) by bzipitidoo on Saturday July 13 2019, @01:17AM (1 child)
You got me beat. 2 or 3 times a year, I get a haircut for $5 from the beauty school on their sale days. Maybe I need to talk more about those hot looking young women learning how to cut hair, get the wife worried enough to do it herself.
(Score: 0) by Anonymous Coward on Sunday July 14 2019, @02:27PM
dude
if i want sex i have to watch porn. my wife has catholic guilt mixed with not wanting kids, so its a terrible sin to have sex according to the propaganda her father espouses because then you might get pregnant and might have an abortion and god punishes all women for being sluts even if they are married.
the guy even camped out in front of a planned parenthood that only handed out medications and did std testing and he tried to tell them they had other options and they didnt have to go through with it, and when they acted like he was high, he called them unappreciative sluts!
and so y ou bring this sort of... issue.... to a bedroom. i get to watch porn in another room. aye aye yay if I only knew what I was getting into