|
Saturday, 12 July 2008 |
By Lynne Albright
 Today, emphasis is on the small, rectangular pieces of plastic almost everyone carries in a purse or wallet: credit cards. Carrying cash is considered dangerous and using debit cards equally perilous if they are stolen because it is agonizingly difficult to get reimbursed for funds illegally charged by a thief.
Additionally, you run the risk of disparaging looks from fellow consumers if you
dare to slow their whirlwind shopping pace by writing a check! So you sheepishly whip out the plastic. But when you do that, you are playing right into the hands of
the credit card companies who absolutely love to extend credit to you and will even lull you into further debt by bombarding you with convenience checks.
By using credit cards for any and every type of purchase, you run the risk of overextending yourself right into a jam. Many financial advisors recommend using the credit cards only for major purchases or something that you would not have enough cash in pocket or funds in your checking to cover. That way, you control your credit card |
|
Last Updated ( Saturday, 12 July 2008 )
|
|
Read more...
|
