A plaque remaining from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem.

Above, a 1934 plaque from the Big Apple Night Club at West 135th Street and Seventh Avenue in Harlem. Discarded as trash in 2006. Now a Popeye's fast food restaurant on Google Maps.

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Entry from February 27, 2020
“When you pay for things with a credit card, you’re paying with your future earnings”

"When you pay for things with a credit card, you’re paying with your future earnings. When you pay with a debit card, you’re paying with your past earnings” is an explanation of credit cards and debit cards.

“My debit card pays for things with past hours of my life, and my credit card pays with future hours of my life” was posted on Reddit—Showerthoughts on August 10, 2015. “Your debit card pays for things with past hours of your life, and your credit card pays with future hours of your life” was posted on Reddit—Showerthoughts on October 18, 2018 .

“When you pay with a debit card you are paying with your past, when you pay with a credit card you are paying with your future” was posted on Reddit—Showerthoughts on April 22, 2019. “When you pay for things with a credit card, you’re paying with your future earnings. When you pay with a debit card, you’re paying with your past earnings” was posted on Reddit—Showerthoughts on February 27, 2020.

There has been criticism of this saying. Some people have money and always pay their credit cards on time. They used credit cars for bonus points, so they can pay a month later, so they do not have to carry large amounts of cash, or for other reasons.

“Truth is a debit card—pay first, enjoy later. Lie is a credit card—enjoy first, pay later” is another saying about credit cards and debit cards.


Google Groups: misc.invest.stocks
1929 Crash revisited…
Scott Nishimura
11/27/96
(...)
All of that credit, which represents a claim on future earnings, (as opposed to savings which represent past earnings) is going to start imploding:  just as credit expanded as the market rose.

Twitter
Jonathan H. Ballard
@Dzonatas
Credit happens when you work the future… the dream. Debit happens when you work the past… the job. Now does you dream job really exist?
8:07 PM · May 14, 2011·Twitter Web Client

Twitter
yanniebaby
@ariannejastine
CREDIT the past. DEBIT the future smile
10:09 AM · Aug 5, 2013·Twitter Web Client

Twitter
PHENOM 💪🏻Volleyball
@JmMrsgn
DEBIT the past, CREDIT the present and SUMMARIZE the future. Thumbs upRed heartSmiling face with smiling eyes
9:12 AM · Mar 18, 2015·Twitter for iPhone

Reddit—Showerthoughts
Posted by u/[deleted] August 10, 2015
My debit card pays for things with past hours of my life, and my credit card pays with future hours of my life.

Twitter
RandomFun!
@RandomFun_
My debit card pays for things with past hours of my life, and my credit card pays with future hours of my life.
10:25 PM · Aug 10, 2015·IFTTT

Reddit—Showerthoughts
Posted by u/cap21345 October 18, 2018
Your debit card pays for things with past hours of your life, and your credit card pays with future hours of your life.

Reddit—Showerthoughts
Posted by u/ThePeacefulBard April 22, 2019
When you pay with a debit card you are paying with your past, when you pay with a credit card you are paying with your future.

Reddit—Showerthoughts
Posted by u/thepastasauceboss February 27, 2020
When you pay for things with a credit card, you’re paying with your future earnings. When you pay with a debit card, you’re paying with your past earnings.
COMMENTS
Chuggernaut0
Not of you have already earned the money you’ll use to pay off the credit card at end of the month.
I never use a credit card to buy something I don’t already have the cash to pay for. I use the card for points and other benefits.

Twitter
Shower Thoughts
@ShowerB0T
When you pay for things with a credit card, you’re paying with your future earnings. When you pay with a debit card, you’re paying with your past earnings. #Showerthoughts
4:18 PM · Feb 27, 2020·ShowerBot

Twitter
Jesse
@DocAwesome_PhD
When you pay for things with a credit card, you’re paying with your future earnings. When you pay with a debit card, you’re paying with your past earnings.
7:22 PM · Feb 27, 2020·IFTTT

Posted by Barry Popik
New York CityBanking/Finance/Insurance • Thursday, February 27, 2020 • Permalink