Being in the real estate business I was so tempted to end the title with “buy a house” instead of the word I used – “Live!”
But the reality is easy credit, available lines of credit and charging are not the best route to financial freedom. [I am not a credit counselor but life and business have taught me a few things!]
Sure there are times when you need to use a charge card like online purchases. There is some protection offered should a dispute arise regarding the purchase.
But, balances creep up.
Credit card companies have a way of offering increases in your credit line – even when you never asked. And the interest you pay adds up until your payment is mostly interest with little impact on the principal.
If you do intend to buy a house or condo in the future I urge you to obtain your credit report free.
Speak with a mortgage lender early in the process - before looking at a single house or condo!