Credit cards are bad for most people, for most people, having their credit cards taken away is a very good thing. Now, they have to budget and save for things, and then think twice, do I really need this thing, after they worked hard to save for it. This is a good. Everybody should be canceling their credit cards. Save money and if you don’t have the money, don’t buy it. Credit cards don’t follow this rule and before you know it, you have sold your next 10 to 20 years of paychecks for something that broke years ago.
Don’t buy stuff you can’t pay for now. Including houses. Rent, save and pay cash. That’s how you can break this usury climate.
(post is archived)