Tag: credit cards
How to Control Your Spending 101: Cutting Up Your Credit Cards
There comes a time in most people’s lives when they grow sick and tired of carrying credit card debt. It usually happens when they have maxed out most of their credit cards—it’s the end of the road. At this point, they usually ask how they got here. The answer is quite simple: we learn to…
Personal Loans vs. Credit Cards: Which is the Best Lifeline?
I hate credit cards with a passion, although I’ll admit they are a necessary evil. There are just too many random events that can occur, especially when you have a family. Personal loans are a much better option than credit cards, but they require you to keep a tight handle on your spending. Most of…
House Hacking to Defeat Credit Card Debt
Being in credit card debt is one of the worst situations in the world. There is nothing fun about the incredible power of compounding working against you. We must employ extreme measures to get ourselves out of dangerous credit card debt. We will struggle if we are trying to “work more hours” to clear our…
Credit Card Users Beware: Companies Are Becoming Sneakier Than Ever
Wow, I never thought credit card companies could become sneakier than before. I had two credit card “issues” within the same month that were eye-opening. Today, I want to review these two incidents and give you a fair warning about the current situation. The incoming recession will see consumers cutting back on spending, but credit…
Using Credit Cards 104: Experts Using Leverage
Today we will get to the fun part of using credit cards. You only become an expert credit card user after you have mastered the game of money and finances. We will review what mastering the game means and how we can all get on track to reach this fantastic accomplishment. Welcome back to the…
Using Credit Cards 103: Advanced Cleaning Up Their Debt
To be honest, most people will never reach the advanced stage of using credit cards. This is the point where you absolutely hate credit card debt. People who reach this stage usually have had to crawl their way out from under debt. It’s not fun giving up your short-term future and fun to pay for…
Using Credit Cards 102: Intermediates Growing Their Lives
You are about to enter the most expensive time of your life. Between the age of 25-45, you will be responsible for buying a home, having children, and saving for retirement. It is a near-impossible task to make it out of this timeframe without debt. However, if we set a high enough goal, we will…
Using Credit Cards 101: Beginners Building Credit
I remember getting my first credit card at age 22. I knew nothing of credit cards, but they were an excellent way to purchase things online. The year was 2005, and Amazon was becoming a big deal for online shopping. I stayed on top of my credit card for many years until I got married…
Just Rewards: Credit Cards vs. Debit Cards
Today I am going to discuss the ultimate grudge match between credit cards and debit cards. Many people are out to get the best rewards; however, this is a comparison between two mindsets at its core. The credit card camp likes to talk about points for travel and cashback rewards. There are truly some great…
Debt-Free Society: Beat Credit Card Debt
Credit cards are a powerful evil that controls a majority of the population. They tempt you with great offers and reduced interest rates to ensnare you for years of pain. However, there is no use for us crying over spilled milk. It’s time to accept that we got ourselves into credit card debt and need…
HOW to Use Credit Cards
I just finished an article where I asked you NOT to use credit cards unless you were debt-free and had multiple income streams. Today, I present the counterargument to using credit cards. Please read “When NOT to Use Credit Cards” first. Credit cards can be a boon to your financial success if used properly. They…
