Stuff is not salvation
I came across this article this morning. I will only link to it and throw down a few quotes.
The rite of passage for a child when I was young was a solemn visit to the local bank, there to exchange birthday money for a savings passbook. Every once in a while, like magic, a bit of extra money would appear. Interest. Yippee.
The passbook was replaced by plastic, so that today Americans are overwhelmed by debt and the national savings rate is calculated, like an algebra equation, in negatives. By 2010 Americans will be a trillion dollars in the hole on credit-card debt alone.
Here I go, stating the obvious: stuff does not bring salvation. But if it's so obvious, how come for so long people have not realized it? The happiest families I know aren't the ones with the most square footage, living in one of those cavernous houses with enough garage space to start a homeless shelter. (There's a holiday suggestion right there.) And of course they are not people who are in real want. Just because consumption is bankrupt doesn't mean that poverty is ennobling
Here is another article on credit card spending. By the way if you've taken Financial Peace University with Dave Ramsey all this news is old news. If you haven't taken FPU look up a local church offering it AND TAKE IT and APPLY THE PRINCIPLES.