Quote:
Originally Posted by StevenG  For a good deal, timing is everything, as is the desire (desperation?) of a dealer to sell, whether a tv he's paying interest on to the bank(?) to carry his inventory, or an Airstream. My wife and I have quit buying anything not essential, and are busy paying off all debt. Things are going to get worse. |
Paying off debt is very wise, especially if you don't otherwise have the immediate ability to do so should everything go to hell in a handbasket.
We believe that having good, established credit is a very important life tool, but also that you MUST live within your means. Credit checks have become aroutine part of employer pre-screening.
There is an excellent book out there entitled "The Millionaire Next Door", which every adult should read. Many good tips on handling your own money, how people amass real wealth, etc.