Using credit cards wisely can save money
Most people shouldn't have credit cards. They allow you to spend money you don't have. Supposedly they are good for emergencies, but what is an emergency? That plasma TV is on sale and you don't have the money?
About a year ago, I paid off all credit-card debt and now use only a debit card. I am much more aware of how much I spend and think twice about unnecessary purchases. Before, I got in the expensive habit of carrying a balance.
About 85 million Americans, or nearly 60 percent of all card users, carry a balance, according to recent industry estimates. Many end up paying thousands of dollars in interest they could have avoided with more self-discipline.
About a year ago, I paid off all credit-card debt and now use only a debit card. I am much more aware of how much I spend and think twice about unnecessary purchases. Before, I got in the expensive habit of carrying a balance.
About 85 million Americans, or nearly 60 percent of all card users, carry a balance, according to recent industry estimates. Many end up paying thousands of dollars in interest they could have avoided with more self-discipline.
Read more at: Using credit cards wisely can save money
posted by e-borneo.com @ 4:49 PM
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