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A “credit card crisis”?

Earlier today, my husband and I were listening to a local radio station and a bit of news caught my attention. The broadcaster was stating how America is facing a "credit card crisis" because credit card companies will no longer be sending out loads of credit card offers. Instead these offers will be "slowing to a trickle", according to the report.

Excuse me? We call that a "credit card crisis"? I think that I would instead refer to that as a "welcome change of pace". Call me old-fashioned, but I think anytime we can discourage people from buying stuff they can't afford with money they don't have, it's a good thing, not a national crisis.

Of course, I happen to be one of those weird people who pays with cash almost 100% of the time, doesn't own a credit card, hasn't ever had any debt, and isn't living paycheck-to-paycheck.*

*Note: All of this is only by the grace of God, the wise example of my parents, Dave Ramsey's inspiration, and a commitment to "live like no one else"! By the way, if you are struggling financially and feeling in a helpless situation, do not despair. Read more about our own personal financial journey and lessons we've learned along the way here, here, and here. And then check out my Top Four Tips for Those in Financial Despair.

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