On Credit Cards and Debt

Early on in our marriage my husband and I decided that we would not apply for any credit cards. We have heard so many horror stories on the high interest rates and the people that get buried in their debts afterwards. Oh we do have our moments where we just want to apply for a credit card right away so we can afford those cool gadgets that we see at the mall but we just said to ourselves that if we can’t afford to pay it in cash then we really cannot afford it and we don’t have the right to buy it. So that was what we did, we paid cash for all the furniture and appliances that we have in our house. We did a lot of not buying impulsively even if both of us were working then and we were glad because we were able to afford to move out of our parent’s house without incurring a single debt.
But I must admit that in this world we could not entirely survive without a credit card forever. I know there will come a time that we would need one especially when we need some cash for starting a business or some unfortunate event where we will need a huge amount of cash. Going into debt still gives me a shudder but I am glad there are companies out there who can help us manage our debt if the time ever comes.

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