So I have this obsession with always wanting something. I review the classifieds here everyday and check out craigslist occasionally to be reminded of the things I want, and then it dawns on me that I am on a cash only basis (self enforced) for the next 2 years as part of grand debt reduction plan. Of course now if I usually want to buy something I either (a) have to sell something (b) acquire money that I wasn't expecting (Paid mileage or tax refunds, etc) AND get the CFO's approval (which is might hard to do) My thought is that until recently I was a terrible saver. If I wanted something, I would just charge it and it kept snowballing on me until I realized I had to change my ways or really pay the consequences. Too often now I am reading posts about people selling their stuff because they "need the money." Granted there are situations that occur that requires us to make money quick (e.g. a very sick cat) and this is usually accomplished by selling something of value...but, I wonder aloud if the real reason people "need the money" is buyer's remorse or too much debt or no savings? Has saving money become a lost art? When did we become so frivolous with our hard earned cash? Personally, I was lost when I became of age on how to manage money and how much a good credit history was going to mean to me when I had to make BIG purchases (car, home, powermac ). Like many, I found that all those offers for this card and that card when I was 18 was too much to resist...Almost 10 years later, I know of my mistakes and have a plan in place (for almost one year now) to correct them, but I wonder...how do we teach our youth - and aged for that matter- the importance of money management and more specifically, how to SAVE MONEY and buy things with cash! Is it as simple as public awareness? Do you think that credit card companies should be allowed to issue someone a card with a limit that is greater than their yearly income, as was my case when I was 18? Are they at fault? What kind of money management education did you receive when you were young? Just striking up a conversation for those who want to listen.