I'd be interested in knowing if you could both pay your card and live off your remaining income. You see, if you can't, then you're in living on a credit basis.

Let's say, your income ir $3000 per month, and after rent, electricity, etc. is paid for, you have $1000 over like food, clothing, doctors, bills, etc.

So, if you're a typical American, by the time you pay off the $1000 for the month, you HAVE TO use the credit card in order to have what you need.

It's not a matter of you actually have the money to spend without the use of the credit card. I would be very surprised otherwise, because that's not what the studies show. They show that Americans are living on credit - on a month to month basis.

There's nothing wrong with living on credit, but there is nothing right about living on credit either. It's just plain unwise. Shit happens, and if you don't have the cash ready, and if your credit card is maxed out, what then?

I don't buy it that your money is earning interest while you're spending on credit. You pay for your credit card. And there isn't a bank in America that pays the sort of interest that your card is costing you.