Quote:
Originally posted by Cynthetiq
i forgot to add...
I don't want to carry ANY balance...
DEBT FREE is the way to be...
Only debt worth carrying... Mortgage, car payments, and student loans.
only other time is when there is ZERO percent interest and I have the cash on hand to buy it outright, which I'll do the purchase just to keep the liquid cash handy.
life situations change.. when you think that you have "time to pay it off" some emergency of sorts from unplanned sudden trips, layoffs, unexpected car maintenance, etc. shows up and boom.. you're behind the eight ball suddenly...
|
Exactly.
As a college student my peers look at me all funny for carrying amex instaed of a credit card, but when i ask them they tell me they have debt loads as bad as 5000.00 and i get to smile and say that i have a debt load of 500.00 on my visa. I value the benifits it gives me such as replacement of plane tickets if i miss a flight and the fact that i never incure long term debt was the draw for me. I live within my means and rarley buy anyhting i can't afford on two days salary.
In my opinion, to many people are willing to charge what they would never buy if they had to pay hard cash for it.