Quote:
Originally Posted by Vegas69
I've almost completely stopped using credit cards. I pay with cash or my debit card. I spent years buying on plastic and paying off the bill every month. I just find that the immediate weight of the purchase makes you debate whether it's really worth spending the money or not vs. the surprise in the mail box every month. What really woke me up was looking back over my bank statements for 6 months and seeing what I now consider reckless spending and waste on credit card bills. Every dollar counts as it can be used for investing and ensuring your freedom at a predetermined age.
Americans have been programmed to be in debt over the last 50 years by the banks. To buy the biggest house, a new car every 3 years, student loans, 5 credit cards with balances, you name it. I've never liked debt but I'm at the point now where I hate debt. Live well within you means and invest wisely and you can be very wealthy and weave the lifestyle you desire.
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Agreed. You do have to be careful with what you spend your money on when using a CC since it's not immediately coming out of your wallet. I'm too busy right now to do much more than spend my money on the basic necessities in life so I'm not getting crazy with the CC that's for sure.
You're also right about the way we're programmed. The marketing folks in this country are doing a great job. Luckily, their BS doesn't work on me though I am fascinated by it.