I agree. And it is a matter of personal opinion and comfort with debt. I’m not a person who is willing to wait until I’m 50 to buy my first peice of new furniture just so I can avoid using cc’s. I’m exaggerating, I know. But I do know of people who are that frugal, where they had hand me down furniture like couches and chairs until they were 50. Fabric furniture gets so raggedy looking after awhile….. I think that our generation is spoiled though….. ;-(

She meant try to live within your means and college, if you are working (I was) and you still can’t afford college try your best. Racking up more debt is bad.

I have no issue if someone wants to use a 0% CC, I did last year. But it bugged me and I paid it off in 5 months instead of 12 months because of the hassle. More hassle than it’s worth.

And we’ve done a 0% car loan. But that was a fantastic way to build credit for a newly immigrated person.

I still thinking borrowing more than you can really afford a bad idea. But how else can we buy homes? Or even go to college? College is not for the elite.

This is a wise way to live. She has a lot of self control. Perhaps if more people did, our country wouldn’t be in this mess.

I DO think that there are a few exceptions. If I know that I can purchase something on a card where I can get 2 years interest free, like if we were to buy a new washer and dryer or a large appliance, I’ll do it that way. Our old washer and dryer are about to die and really are energy hogs. We want to get new energy efficient front loaders, and they really have come down in price, but we don’t want to drain $1800 out of our savings/ EF to pay cash for them. So, we will likely use a Best Buy or some other card that will offer us 1 year or more of free financing and then pay the balance in full prior to the expiration date. Can we afford the washer and dryer? Sure, but in these uncertain times, I want to keep as much in the bank as I can…… DH also wants a new HD LCD tv. We have 1 tv in our house. I’m ok with this. DH wants a 2nd tv in his “man room”. I say that we can’t afford it because we have property taxes due soon, etc. He says that we can just “charge it”. I’m not comfortable with this. We need the w/d more than a tv. He doesn’t see it this way……