Credit Cards - The good, the bad, and the ugly
June 5, 2008 by kellys
Filed under financial matters
Thrifty Mommy is all about not having enough bills at the end of the month since you saved so much money during the month. Oh, wait. That is my dream. Thrifty Mommy is really about saving time and money since we have too many bills and activities at the end of the month. My life’s motto on credit cards is simple. Use them as you wish. Just make sure you can pay them off at the end of the month. This way, you build up credit and have a sense of accomplishment when your friends talk about how much debt they are in and you aren’t. Wouldn’t it be nice if we could talk about how much money we put into savings this month instead of people like me celebrating having taken off $25k on the principle on their mortgage in 5 years? Granted, that is no small feat but I want to be like my grandparents and parents and have no mortgage at all. Now that is a conversation I want to have. HAHA!
But minthegap has a great article on credit cards and how they can work for you instead of against you. You chould check them out. It’s a great site and I plan on putting them in my daily reads.
Here are a few other articles you can check out:
- How to reduce your interest rates
- How to pay off your credit cards each month
- 10 tips for handling credit card debt
Talk at ya later,
LRN
Thanks for the plug, Kelly. I tend to be a no-credit person myself. I actually used Dave Ramsey’s method to get down to only having a mortgage.
But I will admit that getting a credit card with gas at the price it is is tempting!
I personally do not carry a credit card at all. If I can’t pay for it in cash, I don’t buy it. As for the big ticketed items like airline tickets, I will put them on the credit card if I don’t have enough cash in the checking account and then pay it off as quickly as I can.