A good rule to remember when considering the use of credit is that the product purchased on credit should outlive the amount of time it takes to pay it off.

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This is a common guideline recommended to avoid taking on debt for purchases that won't provide long-term value or enjoyment. By ensuring that the product purchased will last longer than the time it takes to pay off the credit used to finance it, you can avoid the risk of having debt with nothing to show for it once it's paid off.

A Good Rule to Remember When Considering the Use of Credit