Living on the never-never
February 22nd, 2004For the next 8 months or so, I’m going to conduct a little experiment: I will try and live exclusively off credit cards. I’m not going to clear them at the end of each month and see how large a debt I can amass.
Actually, if you read this guy’s weblog entry in full, it does kinda make sense - scrounge of those 0% introductory rates and put the money you save aside to get the interest, pay it off at the end. I’ve been doing a similar thing myself, happily running up my 0% graduate account overdraft while paying my salary into a better alternative, until I got nasty “you didn’t read the fine print” phone calls from the bank a coupla months ago. The only downside is that, especially with credit cards, I can see it totally fucking with your credit record.