Yeah, it's not rocket science. The biggest money losers are too much house and t... | Hacker News

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erejacob on Oct 14, 2011 | parent | context | favorite | on: How I live on $7,000 per year

Yeah, it's not rocket science. The biggest money losers are too much house and too much car and all the interest payments that go towards it. Even by eliminating the interest by paying in cash you're already cut your expenses on those items by 50%. The rest is just details, but most importantly. Don't buy ANYTHING on credit.

spodek on Oct 15, 2011 [–]

If you have a credit card with no annual payment and you pay every month, should you still not pay on credit?

I'm not sure if I see the problem then.

erejacob on Oct 15, 2011 | [–]

Okay, to be more precise: >>Don't pay any interest or fees<<. I do run online purchases through my credit card and then pay off the balance in full every month.

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