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Was I a Wimp?

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DR. WALLACE: Awhile back I met a girl at a party, and after talking to her for a while, I asked her for a date. She said yes and gave me her telephone number. About 10 minutes later, five guys came up to me and said that one of them was this girl's boyfriend. If I called her, they would "kick my butt." I decided it wasn't worth it to call this girl because I didn't want my blood splattered. These guys were much bigger and stronger than me.

Last week, I ran into this same girl in a shopping mall. She asked me why I hadn't called her, saying she was disappointed that I didn't. I told her about the five guys who threatened me with bodily harm. She said she had gone out with one of them a couple of times, but she refused to go out with him after their second date. I asked her out again, but this time she said no because she was seeing someone else.

Now I'm sorry I didn't call her when I had the chance to take her out. Be bluntly honest: was I a wimp? — Nameless, Ottawa, Ontario.

NAMELESS: You are not a wimp; you just have a good instinct for self-preservation. One guy against five large-bodied, small-minded thugs? Those are lousy odds. Discretion, after all, is the better part of valor.

You avoided getting whipped — now don't whip yourself over a missed opportunity.

Since you have her telephone number, call her and give her yours. Tell her to contact you if and when she becomes unattached.

I WANT A CREDIT CARD

DR.

WALLACE: I'm 19, working full time as a food server at an upscale restaurant and am 100 percent self-sufficient. I live at home with my parents, and they are kind in not charging me anything for room and food. With the money I earn, I pay for my car expenses, including insurance, buy my own clothes and pay for all of my other expenses. I also save 15 percent of my pay to have in an emergency.

I'd like to get a credit card, so that I won't have to pay for everything with cash. My dad likes the idea, but my mom doesn't like this idea. She thinks that credit cards get a lot of people into financial trouble. I'd like your comments, please. — Nameless, Vicksburg, Miss.

NAMELESS: Credit cards are a great convenience for people who believe in living within their means, but they can be disastrous for anyone who looks at them as "free money." As long as this description doesn't apply to you, I believe you could benefit from having a credit card.

Besides being convenient, credit cards can be useful in teaching fiscal responsibility. But maxing out the card and paying the minimum monthly charge is a recipe for staying in debt. Almost all your money is going toward interest and you become a big money loser.

Dr. Robert Wallace welcomes questions from readers. Although he is unable to reply to all of them individually, he will answer as many as possible in this column. E-mail him at rwallace@galesburg.net. To find out more about Dr. Robert Wallace and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate website at www.creators.com.

COPYRIGHT 2010 CREATORS.COM


Comments

4 Comments | Post Comment
Wow, what a missed opportunity for LW2 that he didn't mention that getting a credit card builds credit! This is extremely important if ever they want to buy a house, car, or any other large expense that requires a loan - it would have also been a good rationale to provide to the mother. Otherwise, they would require co-signers or have higher interest rates - which I'm sure their mother will not want to happen. At 17 I got my first credit card in order to establish credit...when I went to get my mortage loan for my new condo I was informed by the mortage broker that I was in the top 1% of people who have fantastic credit - good for me when getting my loan! There are safe guards that you can place on your credit card to ensure that you do not go over the limit. You can also have a lower limit ($500) to ensure that you do not overspend. This is what I did and I'm in a better position financially for doing so!
Comment: #1
Posted by: Kristine Letendre
Fri Feb 19, 2010 7:04 AM
#2- You aren't 100% self-sufficient if you still live at home. Duh.
Comment: #2
Posted by: Red
Fri Feb 19, 2010 7:50 PM
Re: Red - Precisely! That was my first thought as well. LW works full-time (admittedly, at a very low-paying job), but she/he should be having a decent supplement in tips because this is an *upscale* restaurant. Even if she/he is paid only $2.13/h for 40 h/w, as many food servers are, her/his total income cannot be significantly less than $1000 per month. Yet she blows 85% of it, while not having to pay any rent, utilities, or food expenses. I am having a hard time picturing how that is possible for a single person unless this person lets money run through their fingers like water. LW appears to have a serious problem managing money. For such a person, getting a credit card would be like getting on the fast track to bankruptcy. Credit cards only help build credit if you don't go over your limit and pay them off regularly. LW should first try to live on his/her own, without parental subsidies, on the amount she/he makes per month. If paying cash for everything is inconvenient, she/he can get a debit card from her bank. Many places take them just like credit cards, but the money comes out directly out of your account.
Comment: #3
Posted by: Ariana
Sat Feb 20, 2010 1:10 PM
IF LW2 would STAY at the parents home and pay THEM rent, then they will know what it is like living on their own and how much it REALLY costs. The parent can use that to help themselves or save it for them as a "Wedding/leaving" present! I agree that this perosn is NOT living on their own. That is a HUGE, HUGE chunk of change to pay rent and utilities!! They should TRY it!!
Comment: #4
Posted by: Katie
Mon Feb 22, 2010 5:51 AM
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