There used to be only fixed rate mortgages not the adjustable or negative amortization types that killed a lot of people that forced them to loose their homes. We used to have wallets that held about 30 credit or store cards, every where you shopped, the store would give you percentages off your purchase if you signed to get another card. Now, Suzie says you should only have two cards. A bank card used to be the safest not anymore.
Two things we need to do now is to know the basics. Know how much money is coming in and how much money is going out of your pocket. Then, live below your needs and live within your means. It means that YOU DON’T HAVE ANY MORE MONEY, STOP BUYING STUFF!”