FIRE's 14% Solution

[ASH]

Re: FIRE's 14% Solution

That is how I operate, and I've never had a problem. But then, I've always had the money available in my bank account to pay the monthly credit card bill.

This line from the article stands out to me:

These are people who cannot manage their money. Of course for most of them that's probably because they are living from meager paycheck to paycheck. I agree with those who feel these fees are excessive and in some cases ethically questionable, and inevitably this income stream seems to be preying on the poor, but at the same time, I don't think we should expect the banks to be charitable towards people who repeatedly spend more than they have in the bank.

+1

I think this is partly a debate over whether it is ethical to give someone enough rope to hang themselves, when you're pretty sure they will, and you can profit thereby.