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RE: If You Can't Afford it, You can't AFFORD it!
Just great advice your parents gave you!
The only debt we have is the mortgage on the house and that is how we would like to keep it!
Cheers,
Peter
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That's pretty smart, Peter... and I hope for you that it stays that way! I think people in Europe are less likely to take on a bunch of debt and find themselves drowning in it. Buying everything "on credit" seems to be a very American thing... comparatively speaking.
I do see it more and more happening also in Europe. We are a little behind! Americans are more used to pay everything with a card, we are just entering this phase. More and more is paid with a debit or credit card. This of course opens up possibilities for the week ones to trap into the pitfall of overspending!
Cheers,
Peter