• Fort@lemmy.world
    link
    fedilink
    arrow-up
    2
    ·
    1 year ago

    Paying off all our credit cards and cancelling them and living off cheque / savings accounts rather than credit.

    We did this about 5 years ago before COVID uncertainty and the current cost of living crisis and I’m just so relieved we don’t have to worry about paying anything off.

    • messem10@lemmy.world
      link
      fedilink
      arrow-up
      1
      ·
      edit-2
      1 year ago

      If you’re good about treating it like cash, credit cards aren’t a bad thing. The cashback/rewards are nice as they are not taxable. (At least in the US)

      That said, for some the temptation of credit is too much.