Life without credit would be horrid. Life with too much credit is worse than horrid - its a nightmare. Credit always costs. Whenever you say "charge it!" You are paying something more, in one way or another, than you would pay for the same item or service in cash. There is a plus to credit if one can use it wisely. For a home, for an automobile, for schooling, etc. But take care - don't abuse it. Stay well below "your desires." And pay off as quickly as you can. Take care of what you have and have as little as you really need. Buy "used" when practical. Make do with what you have until you can pay cash for consumable items.
Source: Albert W. Daw Collection,
Contributed by: Zaady