This time of the year is a lot of shopping going on; which in turn means a lot spending money. At my second job, it seems 90% of the shoppers are using credit cards to buy their Christmas purchases.
It's good if the credit cards are bank debit cards because that means you have to have the actual money to be spending it; whereas a credit card means you are, more than likely, going to end up paying interest on those Christmas gifts for many months to come after the actual holiday.
The only things I have actual used a credit card for are things I bought from Old Navy; everything else I have paid cash for.
I hear people at work talking about not having any money and thinking about getting a loan. Loans are nice but you have to pay them back. Debt Consolidation loans seem like a great idea if you actually close the accounts that you pay off and don't run your bills back up.
Several coworkers are doing Remortgages. This is something I'm not interested in; but I guess you do what you need to do to survive.
Loans are good if you know how to get out of debt and actually pay off your loan and not charge again. I think I can manage to pay with cash because I just keep thinking 2 more months until February when I get my taxes back and I get a nice incentive check at work.