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I have some in-law relatives who live like that. Always buying buying buying and if anyone they know buys something, they have to run out and buy it too. Doesn't matter if they need it or not. They are up to their eyeballs in debt and if one of them breathes hard the whole thing is going to crash around them.
It totally baffles me why people live this way.
And Xerxys, credit cards are not all bad. If you pay your balance in full you aren't charged the finance fee. They are great for tracking spending. If you go on vacation, don't have to worry about travelers checks or anything. Some specialized cards offer things like 10% off if you use your card, so I spend $90 instead of $100.
Credit cards start to hurt when you carry a balance, and that balance continues to increase.
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