Moneytrackin' - Consells per estalviar: Don't borrow any money

Don't borrow any money

Although it might me nice to use a credit card to buy something, you're better off not to, because you need to pay interest over the borrowed amount.
Money which you could've used to buy something else.

Etiquetes: borrow card credit interest money
Escrit el 21-02-2009 16:59 | 4 Comentaris | Preferit 0 vegades | Marcat 0 vegades com a no apropiat

Comentaris

paraiso

#1 Um, you don't need to pay interest if you pay your bill on time. Credit cards/loans are a fantastic way to build credit and to make even more money, but only if you are responsible and understand what you're doing.

Escrit el 21-02-2009 23:20

igyigyigy

#2 In some countries credit cards don't 'build credit' unless you actually pay back some interest, but otherwise I agree, it's a nice way to get spending ineterest free for 58 days or so

-----------
omfg

Escrit el 28-02-2009 14:50

jkhatun

#3 yeah i use my credit card for EVERYTHING, especially the card that give cash back even if it is 1% and that may seem small but they do add up, especially if you spend a lot. Which I do b/c I do all my shopping from food to home goods to anything and everything, even at donkin donuts but I DO PAY ALL MY BALANCE before THE DUE DATE. I make about 15 -20 bucks a month on cash back - it pays to DISCOVER

....good luck. But I am very much into where all my pennies are going, I have a excel sheet that i use to track all my spending and earnings and balance....i designed my own bank balance book using MS excel... and automated everyting... debit/credit etc...

-----------
jayeda khatun

Escrit el 05-03-2009 23:02

auditing

#4 when u use ur credit card, u should pay what u buy just to one fee...so u save the interest and u help your cash flow.

-----------
Piguyman

Escrit el 20-04-2009 18:19

Identifica't per escriure comentaris O registra't aquí