sgtm7 wrote:I went through a 4 year Chapter 13 plan. During those 4 years, I got into the habit of paying cash for everything. 3 years after my discharge, I still don't buy anything I can't pay cash for. This includes automobiles and homes. When I do make a purchase with a credit card(for convenience), when I get home I use Quicken Bill Pay to pay the full amount of the charge. Sometimes they even receive my payment before the charge has posted. For me, financing a wedding (or anything else) is OUT OF THE QUESTION. If I can't afford to pay cash, that means I can't afford it.
I feel that's true in almost every financial scenario. I'm not opposed to situarions where debt can put one in a situation to earn more cash. Student loans, towards a useful degree, make sense.
My long term plan is cash only but it can't be fully enacted for a few years.
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