As a European it's also hard to understand for me that Americans pay for so much stuff with credit cards (in other words: money that you don't have) and just apply for a new one as soon as the old one is maxed out (correct me if I'm wrong about this though). If I want to have something I save up for it and then buy it when I'm actually able to pay for it.As a European I was stunned when I heard that in the US people still used paper cheques and pay bills manually. We do everything with a bank account, money transfer and auto pay. We get our "paycheck" directly to the account, the bills get deducted automatically from the same account. No late fees, no forgotten payments, no fraud, no money lost in the mail. I haven't been inside a bank for 25 years, you can do everything online or by phone.