Thursday, June 25, 2009

Finances: Cash or Credit

I love, LOVE, reading about personal finance. Every little tip I get, and implement, helps.

While reading the news, I came across this article and thought it was worth sharing:

Living Without the Plastic Cushion
(could you do it?)

"Lisa Brough was forced into a debt-free life by medical disaster.

Her husband has Huntington’s disease, a degenerative brain disorder, and has been unable to work since 1999. The couple, who have three children, saw their finances suffer as a result. They ended up with $50,000 worth of credit card debt as Brough worked two jobs and still struggled to pay the bills and the high property taxes on their home in Westchester County, N.Y.

“I said to myself, ‘I can’t do this anymore,’ ” she recalled. “He was going downhill, and I had to figure out a way to get out of this. I couldn’t count on tomorrow because I didn’t know what tomorrow would bring.”"

Read the full article and let me know what you think. Was it too extreme? Could you live without plastic?

Enjoy! :)

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