LuxLiving, I agree with you. There are folks, though, who don't have credit cards. In that case, I think a larger cash reserve is much more important. If my car breaks, I can get it fixed and charge the repair and I've got time to get the money into my checking account to pay the CC bill. If I had no CC, though, I'd need that money readily available. Or Saturday night when our sewer drain clogged and the plumber came out, I charged the $300 bill. If not for the CC, I would have needed to be able to write a check or pay cash for the service call.
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Steve
* Despite the high cost of living, it remains very popular.
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
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