Posts from — August 2008

Recently I listened to a recording from Crown Ministries as well as read several articles about NOT using credit cards. When it comes to credit cards, I think there are 2 extreme view points. One totally is against using credit cards at all and what I shall call credit card experts.

Credit card experts know everything, almost, of credit cards. I know of people who uses a complex system of using overdraft and credit cards to manage their finances. From what I understand, it is bordering on micro managing money. I have to say, I’ve not tried it myself so my comments may not be exactly true. However, thinking of it already gives me a headache.

Taking the middle road on the use of credit card, I still think that if you CAN control your spending, credit cards are okay. Credit cards have not been a problem for me because I pay off everything when it is due. Having said that, I’ve been penalized twice. Once for paying late because the statement got lost and another time, it totally forgot I had to pay. Since then, I never missed a payment. Thank goodness for auto deductions and internet banking.

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