Some folks are finally waking up to “Less is more”. Less use of credit cards, that is. More sensible behavior. So what if Christmas isn’t filled to the brim with crap one has gone (further) into debt to NOT (yet) own? Here’s hoping that more and more Americans–maybe, gasp! even congresscritters–twig to the fact that borrowing money to get things is usually a monumentally stupid thing to do, and that the things thus gotten have been bought and paid for with other people’s money, money that comes more than a few strings attached.
Borrow to buy something new and shiny (when what one has that is old and dull *heh* is still perfectly serviceable)? The act of a fool.
I do not own a credit card or have any lines of credit anywhere.
I met a guy the other day who “grew up on welfare,” then worked in welfare, now, at 38 is married and “owns” a house (owes a mortgage and lots of credit card debt) and is poised to graduate from law school. (Edit: He says these things are so, but I have my suspicions about some of them)
And he can’t see the problems with all of that.
Good on you, Mel.