Should I Choose The U2 iPod Or Be Debt Free?

[LarryMullen's POPAngel]

My Mom just called me, asking, "If I gave you a choice between A and B, which would you choose?"

Me: "Do I get to know what A and B is?"

Mom: "They're two things you really want for Christmas. I can tell you, but really, it's no big deal."

Me: "If it's no big deal, just tell me what A and B are."

Mom: "I'll either get you the U2 iPod, or pay off your credit card."

Me; " "

*long silence*

Me: "That's 'no big deal'. Can I get back to you on that one?"

Mom: "Sure."

OK, guys... I realize what most of you will say, but still, please vote anyway.

 

[Hewson]

How much credit card debt you got?
If its more than the cost of the ipod (especially if its a lot more), have Mom pay off the CC.
(Then charge a U2 ipod in January and don't tell mom!)

 

[Doozer61]

Debt free!

 

[LarryMullen's POPAngel]

I should note:

My credit card debt as of this month stands at around $600. I know, it's not as much as most people's, but yeah. About $300 more than the iPod.

 

[*Ally*]

that's so nice of your mom to offer to pay off your debt. but i think you should get the ipod! it's more of a traditional gift. and plus, every time you use it, you'll think of your mom.

taking the money would probably be the responsible thing, though...

 

[DrTeeth]

I also chose the credit-card option.

 

[lauren430]

credit card, it just makes more sense, if she's willing to pay $600 and the ipod is only $350

 

[sulawesigirl4]

Debt free is good. Then you can go into debt to get the ipod.

 

[U2Kitten]

Instant gratification

fiscal responsibility

 

[The OOTS]

Take the credit card payment and then buy an ipod mini.

 

[U2@NYC]

Credit card debts should be left an unpaid...

Or better yet, ask for it to be included in Bono's "Drop the Debt" program...

 

[pax]

Take the money and run, sweetheart. You're gonna need those credit cards in Vegas.

 

[Mr. BAW]

Debt free!

Take the cash behind door #1...

Door #2 (iPod) is the

 

[Rono]

I would go for the Ipod,... I would feel ashamed when my parents pay my debt.

 

[beegee]

Take the money and run, sweetheart. You're gonna need those credit cards in Vegas.

pax is absolutely right.

now, i don't want to hear anymore of this silly ipod nonsense.

 

[stammer476]

INTEREST is the slow death of our generation. Pay it off!!

 

[Liesje]

Holy shit! I don't think my mom has spent $600 on me at a time since paying the hospital bill for my birth! Um, if she's willing........DUH!!!!

 

[LarryMullen's POPAngel]

I think I am going to be a responsible girl (ugh, how I hate that word) and tell my mom I'll go for B.

Because in less than a month's time, my credit card will probably be at that amount again once I get U2 tickets and travel accomodations squared away.

Oh, yes... and there's that little trip to the west coast I'm considering as well, but that may tie into the U2 tickets.

 

[Bonochick]

Have your mom pay off your credit card debt...and then charge the iPod.

Really though...if your debt is that much more than the iPod, I'd go with the debt.

Although...by the time you figure tax for the iPod...and if you get a 3-year warranty...you're looking at $420. That's what my family did for me.

 

[LarryMullen's POPAngel]

As much as I would love the iPod, I don't really think I'd find myself crying everytime I look at it, like I would with my credit card statement.

Thanks for the votes, guys.

 

[pax]

I just laugh when I look a my credit card statements.

I MIGHT be out of debt by the time I'm 25 or so.

 

[LarryMullen's POPAngel]

I think last month when my bill hit the $600 mark is when I lost it for the first time at the apartment.

I don't do well with big sums of money.

 

[neutral]

Have your mom pay off your credit card debt...and then charge the iPod.

Er yeah, I'd choose A. or B. Whichever one was "pay off the debt". I've been debt and CC free for years now and it's pretty nice. Well it wasn't that nice when I had to get a cosigner for something because I apparently have no credit at all.


Er, yeah, anyway B is good.

 

[arw]

add a zero to and double your debt and that's about what mine is. long and boring story......

go for the debt to be paid! I wish someone would pay mine

 

[Liesje]

add a zero to and double your debt and that's about what mine is.

Add two zeros and there's my debt (60,000). And I don't even HAVE a credit card!

 

[arw]

Add two zeros and there's my debt (60,000). And I don't even HAVE a credit card!

I was just talking about credit cards....

I don't count my student loans or car as debt because it's my choice to drive a brand new car. I could have kept what I had but I wanted a new one. And my student loan isn't that much so I don't even hardly notice that payment each month.

 

[Sicy]

You dont need an ipod. Clear your credit card!

 

[LarryMullen's POPAngel]

You dont need an ipod. Clear your credit card!

The longer the day wore on, the longer that thought stayed in my mind.

I hate being so freaking responsible, lol.

 

[IWasBored]

I would go for the Ipod,... I would feel ashamed when my parents pay my debt.

yeah same here

but i voted the credit card thing, if your mom is willing to do that, then go for it. being out of debt is more important.

 

[anitram]

Definitely pay off the debt.

The U2 iPod is a 4th Gen (which aside from improved battery life is worse conceptually than the 3rd Gen). The 4th Gen iPod was a rushed product in order to counteract competitors. Watch for a 5th Gen with a number of improvements (including significantly better battery life) to be out within the next 9-12 months, probably in time for the holiday season next year. Save your bucks and get that one then.