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"I agree with you in principle. It is best to rely on your own cash, rather than credit. However, do you not agree that credit is important for major purchases, such as a house, or car.? I realize that some may be able to save enough for the car, but a house is another matter. Not many of us can save $100,000 or more to plunk down on a home. It would take too long to be feasable."

I agree 100% with you. It isn't realistic to save the total purchase price for a house/mortgage, in the average situation. But, the lifestyle that I advocate can allow one to save a larger downpayment (> 20% = no PMI), and generate extra cash for savings, investment and/or faster mortgage paydown. And, the larger the downpayment, the less "credit" and ability to "qualify" for a loan, one needs.

It is the "little" things we are all easily capable of doing (we don't give ourselves enough credit - I've had people say to me, "oh, I could never do that" in terms of LBYM. I say EVERYONE can do it, if they want.) that make the "big" things easier. Living with less debt snowballs in a positive way, just as excessive debt snowballs in a negative way. Thanks for your view, Lee - it is well spoken.
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