1. Thou shalt learn the difference between “needs” and “wants”.
2. Thou shalt not use credit to purchase expensive toys.
3. Thou shalt create a budget and stick to it.
4. Thou shalt not covet they neighbor’s mortgaged-to-the-hilt McMansion, nor his soon-to-be-repossessed Ferrari, nor the big screen TV he will be paying off for 5 years at 28 percent interest.
5. Thou shalt set aside money for emergencies every month.
6. Thou shalt not spend more than you earn.
7. Thou shalt not live beyond your means.
8. Thou shalt not open any new lines of credit.
9. Thou shalt teach thy children from an early age how to manage money responsibly.
10. Thou shalt not ever make late payments, because they ruin your credit.