OK. Let's be honest here..How many of you who have answered to this thread bought a piece of audio equipment more than $500,$1000,$2000,$3000,$5000,or $10000 and pay cash for it?
Have not gone into long or medium dept, but what I would consider short term. Makes for a smart move if there is a item you might be able to obtain at a great price in a small window of time. And the savings would amount to much more than the interest to pay off the debt in the few months it would appear on the card.
If I have the cash I can afford it. Otherwise I have to save more or whatever. At this point I use one credit card and keep a thousand limit on it. I have no other credit cards. The only reason I have the one is after trying to go without one found that I couldn't reserve rooms at the beach etc without it. Wish I didn't have it actually but in this world everybody thinks you're a flake if you don't have a credit card. Kind of funny actually because a high percentage of people with credit cards get themselves into trouble and I consider that to be not too bright.
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