This article missed what in my opinion is the stupidest thing people do with
credit cards. They use them.
Dear friends, Item 3 really got me. My future Ex-Wife, 7 years ago, ran up
nearly $15,000 in credit card expenses on my card. She said it was for the kids.
Well, She was handling the family finances. I sincerely believe she was also
setting up a divorce fund war chest. Well, it's nearly paid off now. The
lesson learned, Shakespeare said best in Julius Caesar "Keep your frenemies
close and your credit cards closer"
Well, we're finally getting some good weather so I haven't had to
scrape the windshield with it for a while...
@tannernd. Your statement would only be correct if the person using
the card has no self control. In fact, one with self control to charge only what
one has money to pay off immediately would be leaving money on the table not
using a credit card. Credit cards offer reward programs, better fraud
protection, more flexibility, among other things. It also saves time and money
in not having to stop by the bank every week to get cash out and/or having to
carry large amounts of cash on your person. There are situations
where, unfortunately, credit cards offer flexibility for families facing
emergency situations (medical bills, car repairs, etc.) Having said this, it is
also unfortunate that some just can't seem to show any sort of self control
when it comes to having a piece of plastic in their purse/wallet.
I'm getting to the point of resenting those who dictate not using a credit
card. I use my credit card all I can, mainly for the rewards offered, but I PAY
IT OFF MONTHLY. I also record credit transactions in my checkbook record just
as if I were using a check. I'm rarely surprised at the end of the month,
and it's always my fault if I am. Using the credit card isn't the
problem, it's HOW it's used.
Stores charge extra money on every thing we buy to pay for the credit card
machines so we can use it. So if I can get that cost back with points seems like
the thing to do.