It might seem like we are stating the obvious but people do get addicted to credit cards. Just like any addiction, credit card shopping addiction can be broken. You just have to be methodical and strategic about it. If you try to break your habit without getting a full understanding of how it works and what triggers it, you might actually be causing more harm than good since you are
If you find yourself reaching for your credit card every time you want to make a purchase, you’re not alone. Many people have come to rely on their credit cards as their primary source of financing, to the point where credit card debt is crippling more people now than ever before.
Credit cards entice consumers to use them by offering incentives such as gift cards or rewards points when you
Often times the worst purchases you make are impulse buys. The reason for this is quite obvious, you haven’t thought about it enough to make an educated decision on it. So what you should do is to hold off on that purchase for a bit. Go home and think about it, let a few days go by. It’s possible that half of the time you’ll forget all about it or
This site, as well as most of the other finance blogs, all strongly recommend saving money. But is saving money more important than paying off your old debts? If you have $3,000 should you put it in your savings account or should you pay down your credit card debt? The answer is actually quite simple. It’s all about the math. If you’re making 2% interest in your savings account yet
This pie chart clearly depicts what makes up a credit score. This information is especially useful to those who want to build up their credit score. With this data you can see why your score is as low as it is and what you can do both short and long term to fix it. Here is what your credit scores consist of: Payment history [35%], Debts [30%], Age Of Accounts
Are you a good saver? If you’re extremely disciplined, consider charging everything you can on your credit card. While you usually can’t charge utilities like gas, water and electricity on your credit card, I’ve managed to pay my DSL, cell phone and cable bill on my card. Here’s why: Rewards. The average person can spend about $35,000 in a year which will translate to roughly $350 in rewards, depending on