Comments on: How I Live Without Borrowing Money

By: AUTO

AUTO — Thu, 19 Jan 2012 09:13:14 +0000

I wish i could do the same thing.

By: Stephanie

Stephanie — Tue, 31 May 2011 14:46:59 +0000

Clean America: Reading your post made my head hurt. I can’t believe people go through that amount of trouble just to spend money they don’t have yet. Instead of spending a months worth of money before you get it, why not save a months worth of money to spend next month? Makes so much more sense to me, no fees, no wondering if you can afford to pay it back, it’s your money and it’s already been earned.

I am 22 years old and have NEVER owned a credit card and god willing I will never need to. My only concern is that one day I will need to take out a mortgage and won’t have any credit to do so. A mortgage is the only thing I’m really worried about (cars, appliances and electronics I’m pretty sure I could save to pay for, but I don’t make enough money so it would take me 10+ years of saving everything I can just to afford something modest like an $80,000 home, and meanwhile where will I live?). I’m sort of hoping my mom will apply for the mortgage for me in good faith that I will pay it regularly, then I will never need to worry about credit cards ever. I have seen what they do to people, I have seen too many people go into huge debt and bankruptcy and work their wholes lives with nothing to show for it because they pissed their money away on frivolous stuff they couldn’t afford, made possible by credit cards. Count me out, thanks.

By: CIQ

CIQ — Wed, 13 May 2009 21:10:48 +0000

It’s funny, but you don’t really see many posts like yours that describe how to live without credit cards. I was always taught that you needed credit to buy a home and support your family. That is after all how a lot of people get rich…borrowing money to invest in something else.

By: Sohaib

Sohaib — Thu, 08 Jan 2009 19:13:26 +0000

Wo! I am impressed and very happy to see your approach. Impressed because you have escaped from this evil thing..’debt’ in an atmosphere full of debt. Its great you are sharing this information.

Also, this goes in line with what our Prophet Muhammad (Peace be upin him) said regarding debt. ( I am a muslim and interest taking, giving or recording is forbidden for us strictly and I want to escape it too- and budget is a good idea). The prophet (PBUH) used to pray frequently ot God the one and only, protect me from being in debt.’ when asked why so he said, because a person in debt lies. Also, Prophet (PBUH) said that rich is not the person with a lot of money but rich is the one who is content with what he has, or was it, rich is he who has all that he needs. These are not the exact words butr the gist of them as i remember. I see you have learned this from your experience.

Anyways, for more advice for stayin away from debt…i will consult you hopefully, if you don’t mind.

By: Chris in NC

Chris in NC — Tue, 14 Oct 2008 17:22:16 +0000

As i mentioned in a previous post the Reality has come home to roost finally. I’ve attched a link to a sobering article on the coming credit card crisis…Just another reason to live within your means and not follow the crowd of foolish folks who must spend for today without thought to tomorrow. With all the recent action by governments & central banks all over the world (who are pumping up the money supply without thought to the consequences) it is high time for you to take inventory. I hear people saying the government must fix the economic crisis. The Government doesn’t Fix anyting- it only creates more problems and cares not for the consequences of its actions. The American People are Mostly responsible for the mess they face…They went out and borrowed that which they could not afford, spent that which they did not have to spend, and still believe that the tree grows to the sky without limit.
But there are limits…and we must all live within them…or ELSE!
http://redtape.msnbc.com/2008/10/credit-cards-at.html