Comments on: Why use a credit card?

By: around the web: taking the day off edition | the ¢entsible life

around the web: taking the day off edition | the ¢entsible life — Fri, 24 Apr 2009 14:59:34 +0000

[...] Why Use a Credit Card? [...]

By: Spencer

Spencer — Tue, 21 Apr 2009 02:17:34 +0000

Over the past decade my wife and myself have used credit cards to pay for everything during the month and at the end of the month we pay it off. Well… that was the intention. When bad times hit after 9/11 we were lucky to have such good credit and the ability to float us for years. Now we are paying for it all.

Using credit cards is a great idea and can be dangerous if not managed well.

Good luck.

By: Kelly

Kelly — Sun, 19 Apr 2009 19:56:21 +0000

Ha! I always spend more when I use cash! I don’t know why some people swear by paying with cash. I ALWAYS spend 5%-10% more that way!

Debit is usually okay for me since I can track my expenses, but occasionally I’ll overspend that way too.

I have the credit card set up to send me an alert when I near $x amount. Hopefully that will keep my spending in check.

By: Baker @ ManVsDebt

Baker @ ManVsDebt — Sat, 18 Apr 2009 19:17:02 +0000

Good Luck!

For me, you are playing a dangerous game. Even at my times of best control, I would venture to say I spent at least 2% more using credit than I might have using cash/debit.

I hope it works out for you!