Something to think about, but if you go the “no credit card ever/cash only” way, you will have a much harder time trying to come up with a good deal on a house/car/whatever. That is because your credit (and credit score) are directly linked to what you purchase in this world. Its similar to wandering around naked in a desert and someone shouting to you, “Put some clothes on you freak!”.

I started out with my first credit card around the age of 13. No, it wasn’t to buy a bunch of stuff, but because I wanted to establish my credit at a young age and start building my credit, so that when the time comes to purchase a house/car, I could show them I have established good credit beyond a doubt. I actually never used that card until roughly 2-3 years later.

Ok, I’ll get off my soapbox now and let someone else take the stage…