The wife and I decided to go out last Friday to Belk. They had some pretty good deals on dress shirts and ties, so we figured we would go check it out.
First of all, even though it was at 10:30, people were crazy. The store looked as if a bomb had been dropped inside of it with clothes thrown everywhere. The lines to check out were unbelievable. I really considered not even buying the two things I had in my hand, but I liked what I found a lot and we had saved our Christmas gift cards from the year before.
So, as we were checking out, the cashier has to ask if you would like to sign up for a Belk credit card and save 15% on your total for opening the card. The couple in front of us had not spent a lot of money. I think their bill was $60. But, to our disbelief, they obliged and opened the card! I was shocked. I couldn't believe they had opened a credit card with Belk to save $9 on their bill! I wanted to shake them and ask them what they were thinking. Is this the problem with America? People will open a credit card account at the drop of a hat to save $10 on their bill? I might would sympathize with someone spending $1000 or more because the 15% might be worth it, but I would not do this. If they think think about it, even for a second, most companies will charge interest around 25% (some way more) on their cards. So, of course they offer an upfront incentive, they will make so much more off you in the long run so that the initial 15% means nothing to them.
We have a credit card that has a $9,000 limit on it. We only have this card for emergencies. We never use it for regular purchases or for any other reason than an emergency. It is not our Black Friday shopping card or our weekly meal out to eat card.
On another note, that same Friday, we put up our Christmas tree! We love Christmas, a lot. It is a very happy time of the year. In years past, we have sponsored a family of 4 for Christmas, but this year we decided to "adopt" a family in Africa. We donate to them through World Vision and correspond with them regularly through the mail. They are a beautiful family from Niger and both of the parents are subsistence farmers. They have two children 10 and 7, both who go to school and help in the fields. We are going to send them an extra monetary gift in hopes they use it better than we would (*Cough* Chipotle *Cough*). When I have a bad week, I find myself constantly thinking about them and how lucky I am, student loans and all!
Hope everyone finishes their week strong!