Earlier generations could not spend money they had not already earned, because they had no choice! The invention of credit cards has changed this. They provide a useful tool but also one that can easily lead to disaster. As with any tool they work well when they are used properly. Using a credit card for on-line purchases, for an alternative to cash when you are travelling abroad, etc. are all very valid. But one has to hold the line and make sure that one pays off the amount owing in full each month when it is due. It can become very difficult to clear credit card debts once they are allowed to build up and the interest is increasing.
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