YupUSCTrojanCPA said:Or just work harder and pay for everything in cash. hahathatOSguy said:eyephone said:Dave Ramsey style - don't buy a car, if your car still works. Buy a used car if you need to buy a car.
His main philosophy - pay down debt by any means. Set a budget and live by it. Make sacrifices to achieve the GOAL. (don't go out, eat at home)
Or OS style -- buy far less house than you can afford so you can enjoy life, drive to a nice restaurant in your newly leased car and not have to listen to Dave Ramsey all day.
I think people get stuck in the mode using their credit cards, to earn rewards/points. Then they spend what they can't afford to pay.
Let me tell you a secret - that's how credit card companies make money. (Late payment fees, interest on the balance)