Comments on: The Responsible Use of Credit

By: Barbara Swafford

Barbara Swafford — Tue, 27 Jan 2009 09:02:21 +0000

Hi Neil - I agree. Before we buy we should ask ourselves if we REALLY need it. More often than not the answer will be no. It's unfortunate the recession has so many turned upside down. Our only hope is when things turn back around, we'll all have learned what not to do...next time. Barbara Swafford’s last blog post..How To Lose Blog Visitors

By: Neil

Neil — Tue, 27 Jan 2009 03:52:30 +0000

Derek – Some great points, but you do need to be careful. Some cards have annual fees and if you don’t use the card enough the Credit Card company comes out ahead. Also, you want to make sure you aren’t carrying large balances forward or your savings in groceries or cash back are eaten up in interest costs.

Tess – It is simple advice, but many people just aren’t able to follow it.

By: Tess

Tess — Mon, 26 Jan 2009 15:03:24 +0000

Neil This is not a prediction it's simple advice. However simple doesn't mean easy! It's also truth because truth never changes and spending money one doesn't have will never be good. The only way anyone should have a credit card is if they can pay it off every month. I also agree that everyone needs to take 100% responsibility for what has gone wrong. If we refuse to do so we refuse to learn and will continue to repeat the same mistakes. Tess’s last blog post..40 Simple Ways to Save Money

By: cave2626

cave2626 — Mon, 26 Jan 2009 14:53:34 +0000

Good advice, Neil. I’ve found that if you must use a credit card then do your homework and find one that gives you something back. Most banks have cards that offer air miles, points for merchandise or even cash back. If you’re going to be using a credit card with any regularity then why not take advantage of a bonus plan that will work for you.

Just remember to look for a reward that makes sense for you and your lifestyle. If you don’t travel and can’t afford to take a big vacation, then air miles probably aren’t your best reward option. My person recommendation is to look for a card that offers cash back (often referred to as a dividend card). A good alternative is a card that offers free groceries (which is what my wife has). Free groceries are something that everyone can use regardless of your lifestyle.

By: Posts about Blu-ray as of January 26, 2009 » DVD Newsroom

Posts about Blu-ray as of January 26, 2009 » DVD Newsroom — Mon, 26 Jan 2009 11:23:25 +0000

[...] abdulaminstore@live.com Nintendo DS………………… The Responsible Use of Credit – be4success.net 01/26/2009 A few weeks ago I wrote a post containing some predictions for 2009. [...]

By: Credit Crunch » The Responsible Use of Credit

Credit Crunch » The Responsible Use of Credit — Mon, 26 Jan 2009 09:55:43 +0000

[...] Lyons Leadership wrote an interesting post today onHere’s a quick excerpt A few weeks ago I wrote a post containing some predictions for 2009. Today I want to examine one of those predictions in further detail. This was one of the predictions from a few weeks ago: I predict that if you stop living off credit you will reduce your worry over paying bills, and will be better off financially. So let’s take a deeper look into this prediction. Working in retail banking requires that I keep informed as to market conditions and interest rates. I regularly read the busine [...]