Agree with you buddy. Credit cards are bad news. Get rid. Loan is fine for big items, like mortgage, business, house improvement or reasonable car. But credit for day to day shit is such a bad habit to get into.
I see people constantly telling kids to build credit for the future blah,blah. I always thought they should teach them to do without junk and save for the perfect opportunity.
Buying new cars is another waste of money. Get someone reliable, 8-10 years old and checked out by a mechanic. Someone already lost 90% of the new car price on it. I know people who rent a house but have 2 new cars. Clownworld.
The new truck I bought two years ago is actually worth more today
I got cards years ago to get a credit score and reap the rewards from them. I've never paid any interest because I pay them off every month. I've earned thousands in rewards.
This is the part some people seem to struggle with. You just use the card for the benefits, you never ever carry a balance on a credit card month to month.
You maintain an interest-free grace period on all your purchases so long as you always pay the full amount by the due date. I even queue up the payment in advance for 1 day before it's due.
If you're going to live in clown world you might as well use your credit instruments correctly so you don't get kiked.
The real clown world approach is to put a lot of debt on cards then walk away, or get low-interest loans and pay them back years later once inflation has hit and you're basically paying back less than the loan amount. But I'm not jew-y enough to do that as it's just playing games with numbers not producing real things of value.
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