I recently overheard a conversation about buying a car on 0% financing because it was too good to pass up. Here are 5 reasons I think this is the wrong approach.
Tag: credit cards
Are Credit Card Rewards Causing You To Overspend?
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?
Keeping Your Credit Cards Still Makes Sense
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.
Understanding Compound Interest: Making it Your Friend, Not Your Enemy
Tom Becker from Money Choices teaches us about compound interest, real-life applications, and laddering our interest investments.
You CAN Use Your Credit Card for Emergencies
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.
The Ideal Number of Credit Cards
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
