I agree too many today still take out loans and get into debt. If you can't pay cash then don't buy it as there is no such thing as a good deal as they are all making money out of you. Compounding needs to be in your favor and is truly fantastic when you realise how it works.
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Other than big ticket items which might be needed like a house and car, I agree completely. There is little that is "needed" to buy on credit unless one is in the unfortunate situation of having to use debt (like credit cards) to pay bills.
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