Blueprint for Financial Prosperity hosted Carnival of Debt Reduction #13, and No Credit Needed’s article is the topic for this week’s flashback:

The value of waiting

NCN likens a credit card purchase to eating cotton candy.  I like cotton candy while I’m eating it as much as the next guy, but I agree that it goes down really easily, just melts in your mouth, and gives you a buzz, right before it makes you sick to your stomach.  Credit cards are like that.  They’re so easy to use, it doesn’t really feel like you’re spending money, and you get what you want right then and there.  But then the bill comes.  And the interest payments if you can’t quite pay off the entire bill.  And the debt.  And the lowered standard of living as the balances on the cards increase. And on and on.

So why not just wait?  It’s not quite as much fun right now, and it doesn’t always taste as good to save now, but in the long run it’s better.

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