Originally Posted by
Cpn_Dunsel
Most of our our purchases these days are done without cash. Gas pumps, grocery stores, online shopping. It's all credit. Even those people that claim to pay cash are often just using a debit card, which is technically still a form of short term credit.
Just to clarify, when I meant cash I didn’t mean a pile of bank notes and coins. I meant just paying for the item up-front in full rather than taking out finance to pay it off monthly.
If I bought a new bike in “cash” that would actually mean putting it on my credit card, which is then automatically paid off in full at the end of the month. While technically that is very short term credit, I wouldn’t consider it as buying on finance.