conversation: User (Chardeeyung): "I have always planned on saving my money, so that I would have enough to anything I needed i.e. car, house, furniture. When I tell people this, they laugh and say I need credit and will have to get a credit card. Am I just being unrealistic or is living without credit possible?"
  Self: "I live without a credit card. My debit MasterCard is technically a credit card backed by my checking accounts. I get most of the same benefits: extended warranty, fraud protection, etc. I have a mortgage and a credit score in the 790s. \n\nFortunately, I have enough cash for any issues: hotel/rental car hold, buy/fix a car, etc. without impacting my daily life (that's key). My situation isn't all that unique. But there is more history to all of us than a comment can cover.  \n\nI would caution you to not take any single persons situation and apply it to yourself blindly. Remember some people are philosophically opposed to revolving credit, other people believe not taking advantage of the % cash back is foolish, and yet others have actual additions, poor self control, bad organizational skills, etc. that make them credit adverse. \n\nTake your time, continue learning and asking questions. Then when YOU are comfortable make the decision that fits your situation. Whatever you do don't get into something, credit or investment, that you don't understand or know how to use properly - that's when things go really wrong really fast. "
  