No. of Recommendations: 4
Ok, everybody take a deep breath (or if you are a smoker, try to take a deep breath).

In geology, my undergrad school required us to go to field camp. So imagine 5 weeks in Colorado, no possible chance at working because this class is your life for those 5 weeks. Well, I ran out of money. Not only did I completely deplete savings, but I racked up the cards for "extravagances" such as food, laundry, gas, and, yes, the occasional beer. To me the experience, the views, the fun, the degree, and even the work was worth it. When I got back home I started working again, but had no way to pay the CCs for a couple of months. Only recently is all that stuff becoming irrelevant to my credit reports.

What I'm saying is that credit cards are a tool. Even though I knowingly got into trouble, the service they provided me then was worth it. In fact, I probably wouldn't have had a bad go of it with them had I actually called them and let them know I had problems. To me, the ability to use someone else's money occasionally even with the service charge can be a life-saver.

Later, we forget why we used them and only remember all the money we owe--like it's their fault!

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