SUBMITTED: Thursday, May 19, 2005
POSTED: Thursday, May 19, 2005
Aaron,
You and the others here have written some interesting things, some on the subject, a great deal off. One of the things you said I will certainly have to disagree with though.
You wrote, "And yes, most people paying for $20.00 worth of food with a check DO NOT have the money. Direct deposit is just another way of being LAZY."
This is about the third or so time you have made the point that people that use their credit cards (I would never use a Debit Card, too easy to get ripped off that way) have no money. I work at the busiest airport in the world as an air traffic controller and make well into six figures, above $170 last year, and I almost always use my credit card to pay for food transactions, this hardly qualifies me as having no money ( and no I am not deep into debt as my house is already paid off, etc). My money ie. cash, is in Mutual Funds, Stocks, etc. making more and more money, and not under my mattress, making dust. It is enormously MORONIC to not invest your cash reserves, if you have the opportunity, instead of letting it sit under your bed and do absolutely nothing for you.
Also by using your credit card you get an end of the year statement which is then easy to see exactly how much money I and the family have blown at the overpriced, underserviced restaurants we frequent, and we can work a litle harder at not eating out so much.
As for Direct Deposit; it is probably the smartest way to handle the deposit of a pay check. For example; I am paid bi-weekly on Tuesdays by the Feds. Before direct Deposit, sometimes the checks didn't show up until Wed., Thur., or sometimes even Friday because of the slow-ass mail system. Now my check is always in my bank at midnight Tuesday morning, never having to worry about the mail, a snow storm in OKC holding up the check, someone stealing it out of my mailbox, etc.
You seem very wise on many issues and have given many humorous responses, though I don't agree with all (before you label me, I am a Libertarian). I think this time you are misguided.
Cheers,
Jonathan
Atlanta International Airport
Atlanta Large TRACON/Tower