Okay, I have to respond to this. There is a lot of misinformation flying around here and I would like to set the record straight.

YOU DO NOT NEED A CREDIT CARD!!! I rent cars, stay at hotels, buy gas etc... with just my check card. Now, some of you seem to think why not get the free points. Well guess what, even check cards get free points too. I just used my check card points to 2 free flight tickets to Miami.

IMHO, if you are always borrowing money you will never have any. I have no debt except my home and I plan on keeping it that way. Plus, by not carrying debt I have been able to save a significant amount and put it in a money market for a rainy day. I also put an extra $500 a month outside of my roth 401k into mutual funds and if I had a car payment I couldn't do that.

Lastly, if you you pay with cash you typically avoid buyers remorse since there is no guilt associated with the purchase. I like to actually own the things I buy, not the other way around. Just my .02 cents and I don't want any change back.