Originally Posted by
MrMustache
I really strive to not use any credit cards. I have 1 that came with opening a Bank Of America account in college but RARELY use it. Cash, or we don't need it. Now that does exclude our soon to be mortgage and 1 car payment for the misses. I still drive my beater from high school, works like a charm.
Credit cards are not even the problem if paid off and/or used with a modicum of financial responsibility. A person/family may even have an *emergency* where they have to be able to spend an amount for some home/car repair for example that they may not be able to pay off right away. But using the 15-20% interest rate credit card to buy that new 70" LED that you just can't live without is usually a bad choice if you are struggling financially in my opinion.