What's with the high interest rates on credit cards?

[SWBTATTReg]

12. People need to become their own 'credit cards'...if one just waits for a few months instead of ...

immediately buying desired items, by putting aside cash into savings themselves each month, then they have the reserve of cash themselves to buy such items. I did like the suggestion of one DUer in this trend that suggested waiting 3 days before deciding to buy or not buy something.

Think of it this way, you are paying yourself instead of the credit card companies/banks/etc. that interest, after all, you can't get a decent rate on CDs now, but you can get a decent rate by paying yourself the 26.99% interest rate instead of to someone else. Save for at least six months (saving for longer than six months is preferred and you'll immediately notice the freedom that you have by control of your finances, not the banks controlling your finances).

Once you get to this 'break even' point by saving money/not spending money for a relatively short period of time, you'll be far more better, financially-wise, from that point on, if you continue this financial discipline.