We are counseled to stay out of debt. The General Authorities say it is okay to have debt in a modest home, a modest car, and a financially rewarding education. Then we should try to get out of debt as soon as possible. Dave Ramsey says to stay away from credit cards, because credit cards can lead to a large amount of debt. There is an emotional connection with cash, but not with plastic. It is easy to swipe the card because we don’t feel like we are losing money, but with cash we are physically giving money away. We should not go into debt because of wants. It’s important to not make irrational decisions when making major purchases (car, house etc). Before making any major purchase say “we’ll get back to you” make your decision after going home praying and sleeping.