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The Cause of Credit Card Debt

While hearing about another friend with tremendous Credit Card Debt, I began to think about the causes:

1. It's not real money
2. Limits are set unrealistically high
3. Paying the minimums, while seemingly comfortable, isn't enough
4. Every department store wants you get their card and will succeed through a phenomenal sale.
5. The Yankees

I determined the real cause.

Monopoly. The board game monopoly.

No one plays full games of monopoly anymore. Hardly anyone plays it in their late teens and early twenties. I would like to think it's an even small number of mid-twenty year olds that play.

In the game (in case you didn't grow up as a human), you buy properties. You buy these properties with a limited amount of money. There is no monopoly credit card with a crazy limit. You can't buy Baltic if you don't have $60.

Money is saved, you form a budget (for about an hour or two until someone gets pissed and throws the board), collect from that budget, SAVE & keep buying until there's too much rent to pay.

When there's too much rent to pay & you have no more money, you can't do a transfer balance to the monopoly platinum card, you have to sell what you have or lose.

Lessons of how Monopoly should translate into the real world.

1. You buy with what you have
2. Save & buy more things while still paying rent
3. If you don't have enough money, you know you're not in a good position
4. You can't buy anything if you don't have the money.

Oh...and there's no get out of jail free card for most people, so don't go around being a DB.

Christmas is here. Everyone needs gifts. Spend wisely. Look for coupon codes. Actually...being the 15th now, it's probably too late.


Lastly, as a test, I'm trying to find out the best way to create a free website online. Updates to come.

AT & Tanzi


This post first appeared on Philadelphia Dating Survival, please read the originial post: here

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The Cause of Credit Card Debt

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