Life without credit cards is possible.
My wife and I have been able to survive without credit cards for more years than I can count now.
You can do it too and here’s how.
The secret to living without credit can be done with 3 simple steps.
3. Buy, using cash or debit
The main reason most people use credit cards is because they do not have enough money in the bank to make a purchase and they want it now.
Why would there not be enough money in the bank to make the purchase?
Because they didn’t save.
Why did they not save?
Because they were not living on a budget.
Get on a written budget and make sure savings is near the top of the list (right under tithing)
Plan on putting 10% of you income into savings.
The best way to do this is to have it auto drafted into savings each time you get paid.
Make a goal to have at least $1,000 in the bank for large purchases and emergencies.
Save more if you need more, but this is the very minimum to keep in the bank for purchases.
Once you have money in the bank you can use cash or a debit card to make purchases instead of a credit card.
Get on a budget, save and cut up those cards.
Tell those creditors that you don’t need them any more.