i borrowed to put myself through uni, and i borrowed to help pay for part of my wedding, but i borrowed within my means, i can meet the payments and i am reducing not increasing the amount. but i have been careful to borrow on 0% and i bounce them to new cards as it runs out. so as i pay it off the amount shrinks.
i have nearly halved my debt in 6 years, i know i have a bit longer to go, but it was planned, i have money to live and a bit left over and i also save some money in 3 different accounts each month.
there are lots of things i would love to own, but if i can;t afford it i don't buy it.
credit it useful, it has a purpose, but like said abovew it should always be done with in your means.
credit is not evil, but alot of people seem to be missing a self control button. i got a call this week from virgin offering to extend my 0% loan. i never asked but they seem to be pedalling it. i declined. they seem to know a lot of people won;t say no and think, ooooooo i can go get that new TV now.
there was a lady on the news recently complaining her benefits need increasing as times were hard, they interviewed her in her house with her 3 kids, they had a massive TV all the latest electronics, sh1t loads of toys, and she'd just got a new boxer dog. when questioned why did she need all this her answer "well my kids can;t go whithout"
i had very little as a kid and i was quiet happy, my parents didn't earn alot but i was happy enough, you don't miss what you've never had.