Earn 5 miles per dollar spent on purchases at gas stations for the first 6 months, and 2 miles per dollar thereafter APPLY
Credit Cards, Not Always a Good Idea. |
| Published: August 10, 2007, 10:30 am |
| Tags: money, debt, credit cards, budgeting |
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I came across an interesting post over at Growing Up, which made me think of my own trap with credit cards. Here’s the interesting part of the post for your perusal: True, the immediate cash back reward meant I spent less on every purchase. But too quickly did both my husband and I sink into the “we can put this on the card and worry about paying for it later” mentality. Thankfully, we didn’t do this with any major purchases, but we ran up a ridiculous food bill over the last couple of weeks, giving in way too much to temptation and relying on credit to sate our food cravings. Apart from the financial consequences, it wasn’t all that great for our waistlines, either. So, determined not to carry a balance on yet another card, I paid it all off, which didn’t leave us much money for extras this half of the month, or for debt reduction. It also meant I had to dip into our savings to pay some surprise medical bills from June that weren’t covered [ Full article ] |
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