Quote:
Originally Posted by sugarwood
To play devil's advocate, he might have a point.
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He has a point up until the time something unforeseen (job loss, medical disease, physical injury, natural disaster, stock market crash, etc) happens and he doesn't have the financial reserves to hold the fort. Then he'll lose the house, sell all the toys (or maybe he doesn't even own them now), file for bankruptcy, and go through all that.
Some of us would rather be as prepared as reasonably possible. Some of us don't mind living life on the financial edge.
Agree with RickLee regarding credit cards. I use them for nearly everything. But I always pay them off in full every month. As long as I have some semblance of financial discipline, why is that a bad thing?