Lols - I work in a bookstore, and people use credit cards to buy his books all the time!! Good start guys! :P I don't think using credit cards is bad for everyone... unfortunately most people don't pay it off each month, and that's when it gets bad. I think I get so riled up because I've never had debt, and I married into it, and it's hard. It kind of makes me hate those little plastic cards. I totally agree about finding balance though, it's hard but it is what's important. (I guess on this subject, I'm just one of the extreme people! lols)
Me too! It's important to note that debt does cause a lot of problems in a marriage. And, Tamara is right, it's hard to buy a house without credit; however, as I noted earlier you can build credit as an adult by having a cell phone contract, paying your utility bills on time, and even with the overdraft protection that comes with most checking accounts. Michaela is right in that credit cards do offer nice perks for their customers like free rewards and such. Unfortunately, unless you're paying your bills off every month, you are paying many times the cost of those rewards by the time you earn them, in interest to the company. Nothing is free! Also, many debit cards offer similar programs, without incurring any interest charges.
The difference between credit and debt is an important one. Establishing credit at a young age may not be fatal to some, but to others, as soon as they're 18 the temptation is too great if they already have credit established, to spend beyond their means believing their incomes will increase over time and they'll be fine as long as they can afford the monthly payments. I think it's problematic for parents to lead their children into that kind of temptation, and personally wouldn't support that any more than I would letting your kids drink alcohol at home parties. I don't have any problem with alcohol for adults, and most learn to use it in moderation, but obviously it does cause problems for some, and you have no way of knowing which category your kids will fall into until it's too late. I wouldn't want my kids entering their adult lives with strikes against them already. JMO
Here to talk about mothering and more since I'm no longer TTC. I love to give support and advice!