This infographic has some cussing but I think the info is too good not to share with my kids. I think this is one of the biggest lessons we need to teach before we send our kids out into the world, because bad moves can have such lasting consequences.
(Sorry it seems to have snipped off the ends of the graphic! I can’t seem to make it small enough to fit but big enough to read. Go here to see the whole thing and read a bit about the history of credit cards.)
This is why we have no credit cards or loans (not even for our home or van). This is also why we have a Freecycle couch and thrift store clothes. The freedom feels better than any shopping spree (and I know, because I learned the hard way!).
Here’s 10 ways we save money and keep from relying on credit. I think these are some of the most important lessons for me to pass on to my kids, and it helps us live well and have time together.
What works for you?