But using too much credit can create problems. You and your family have to decide when to use credit and when to use some other alternative to get the things you want. You could buy it on credit. You could save up for it. When shopping for the things you want, look for the best buy.
Some stores offer low cash prices but charge high credit interest rates.
Others have high prices but low interest rates. And others will be somewhere in between. Where you buy depends on whether you are paying cash or using credit. This material was originally prepared for Cornell Cooperative Extension by Jeanne M. Hogarth, Associate Professor, Consumer Economics and Housing, New York State College of Human Ecology, Cornell University, Ithaca, NY, and is recommended to Arkansans with minor revisions by Dr. Judith R. Urich and Wanda W. Shelby . Urich is located in Little Rock, and Shelby is located at the Southeast Research and Extension Center, Monticello.