If you talk to people who come from Asian countries, you'll find a completely different set of values as far as spending is concerned. Yes - I did NOT use to bu

If you talk to people who come from Asian countries, you'll find a completely different set of values as far as spending is concerned. Yes - I did NOT use to buy things I couldn't afford. I lived by saving and waiting to buy. This is how even the US was officially before 1940-50, but practically even as early as 1980s. Where I come from (India), a decade ago, you could find people who had waited all there lives to use there savings to buying a new home. There was no concept of 30year mortgages - forget about credit cards. When credit cards were first introduced, they were used for the convenience of not having to carry cash not really for credit (at least from the customers point of view). But things are changing now - its becoming the same as in the US.