For years, I've advocated for credit card use, partly because of the rewards they offer. Lately, I'm starting to second-guess myself. What's your take on this?
Lending Tree recently asked me to write a short piece about why it's not time to throw away your credit cards yet. Here are a few of the points I made.
The commonly accepted thinking in the personal finance community is that you should leave your credit card at home when emergencies arise. In many cases, I beg to differ.
Some advocate that the ideal number of credit cards is zero, and for many people, that's just right. But if you believe that credit cards can be a helpful tool and want to use them, what's the ideal number to have? I think it's two, and they would preferably be different types (Visa, American Express, … Continue reading The Ideal Number of Credit Cards
Gary Foreman takes a close look at mortgage prepayments, and how it can easily be overdone. Keep it simple, people, and make sure you read this post!
Reviewing Living Well with Bad Credit, a source book with ideas on how to deal with bad credit, and how to live your life while you repair it.
Guest post from Jeff at Deliver Away Debt. Jeff discusses getting a second job as a debt repayment strategy. What do you think?