 Quote:
Originally Posted by Jay_Gatsby
"Whenever you use your credit card, imagine that two and a half times the price of what you are buying will be deducted from your account over the next decade."
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This statement really confused me until I realized, duh, that the author assumed one would pay the minimums and carry credit card debt.
It never occurred to me to carry credit card debt. I love my credit cards (2 only)! It's a free float every month with a little cash rebate even. We have always paid it off in full every month for decades. Now that almost everyone accepts cards for just about anything, it's a huge convenience. We use very little cash and almost never write checks.
Can't imagine my life without the convenience of credit cards.
You don't need to carry debt to use credit cards!
Audrey
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