I want an oompa loompa now! I don't think there is one sentence that better sums up why people have so much debt today. Veruca Salt wanted it immediately and at any cost. Her rich farther enabled her, similarly the way credit cards due to many of us today.
As I read PF blogs and books over the last several months I have learn there are no secrets, magic tricks to personal finance it all about self discipline and sacrifice. If you want an oompa loompa, save your money and once you have the cash the little man can be yours. Don't put him on the plastic and pay for him over the next 20 years. It's a very straight forward, easy concept to understand a more difficult one to practice. Live within your means, start today, cut up the credit cards and never look back. It won't be easy, it will be like the first week of a diet. Then being invited to a birthday party with a big chocolate cake. It will however be rewarding just like losing those first 10 pounds.
How do you manage credit cards? Do you use them to live beyond your means?