Y use Credit?

Are they one big money trap or a neccessity in modern society? Gen Ys give us their thoughts on credit cards and the impact of the GFC on their spending habits. Have we learnt anything from the crisis or is living with debt here to stay?

Submitted 27/01/2010 By kate87 Views 216 Comments 2 Updated 15/02/2010

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© 2008. First published on actnow.com.au

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Kate87 15-Feb-2010

Hi Tou! Yes very good point. A debit card is one of the recommendations given by the Budgeting director in this video to help keep clear of debt :-)



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vuetou 11-Feb-2010

How about debit credit cards? I have one, which hasn't caused me any issues so far. It's the convenience of a credit card without paying interest (and it's your own money) - highly recommended!



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