Maybe I'll never understand

How some people can complain about how they're not saving money, that they're in debt up to their ears and yet they continue to dine out, buy big screen televisions and new computers. One person told me they bought the TV "because it was a steal of a price." I asked how he paid for it and he told me he put it on his credit card since it already had a balance.

What?!?!

So that means that the $750 television (plus tax and shipping of course), started gaining interest the moment he swiped the card. At an average rate of 14%, I'd venture to say that the steal of a price he thought he was getting won't end up that way. 

Credit cards are a wonderful tool if used correctly. Pay it off each month. If you can't, and there will be times you can't, then pay it off as soon as you can and try to avoid charging on it. If you carry a balance, however small, each new charge begins to accrue interest. And with credit card companies jacking up those rates, those charges will add up quickly.