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Fiscal Irresponsibility Starts at Home

2 November, 2010
Posted in: Boys, Ireland, Michael

Michael said to me recently: Money is good but credit cards are gooder. With credit cards you can buy anything you want and you don’t have to pay any money.

I tried to put him right but he explained to me that he had seen credit cards in operation in the toy shops and knew that his approach worked. I fear that he may not realise what people are saying about this attitude.

In his defence, he is only five. I hope the subordinated bond holders will let him off with a stern talking to.

Reader Interactions

Comments

  1. WOL says

    3 November, 2010 at 06:03

    Precisely why I don’t have any credit cards. Only debit ones. If I can’t rein in my spending, the bank will, and sharply about it, too.

  2. belgianwaffle says

    4 November, 2010 at 22:22

    That’s not our experience of spending in this jurisdiction, more’s the pity.

  3. BroLo says

    5 November, 2010 at 20:52

    He has the makings of a banker. Before you know it, he’ll be spelling F O R E C L O S U R E.

  4. belgianwaffle says

    6 November, 2010 at 23:35

    I know – they’re sending bankers into school to explain this stuff to them, no really – see http://www.juniorachievement.ie/about.html

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