Amish Secrets for Keeping Bank Accounts Fat and Happy
No Credit Cards Needed
While the rest of America is drowning in credit card debt (we’re talking a whopping $1.04 trillion, according to the Federal Reserve), the Amish are living in the blissful land of zero credit card bills. How? Well, the Amish have a no-debt policy that’s pretty strict.
Owing money—especially the banks—is a big no-no in their community. They prefer to save up for what they need, making hefty down payments and avoiding financing at all costs. Do they have credit cards? Some do, but only use them when necessary. Meanwhile, the rest of us are just swiping away… and hoping the bill isn’t too high next month.
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