Credit can be a useful and valuable tool; but, sort of in the same way as a gun - it can easily be misused. Waiting until you have enough cash to purchase something is a great way to figure out that you do notreallyneed it. That certainly works just fine when you are talking about the big-screen TV, the fancy shoes, or the new i-Phone. But you could wait your entire life to buy ahouseunder that scenario. And if you need a car for your new job, you probably need it NOW. So, the fact that we have very efficient and effective methods of establishing credit and buying things on credit in our society - even including the "accursed'' use of plastic - is on balance a good thing. It actually contributes significantly to the growth of our economy.

 

Can you think of any other things that may be useful (or enjoyable) if used responsibly; but, can be a real drag if misused?