Debt, debt, debt why do so many people have a problem with this one? Credit is too easy to get for most of us. Many of us got credit card offers as soon as we turned 18. I think the words "charge it" need to be replaced with "save up for." When we charge a purchase without the funds to pay off the balance every month, we give the interest income we could have saved to the credit card company. When you can't pay the bill for a purchase at the end of the month, "save up for" that purchase instead with an interest bearing savings account. We want interest payments coming in not going out. The compounding effect of this over time is astounding. Finwiz.
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