I wanted to take the time to write down all of the personal finance basics as I see them, to create a great resource and easily linked article so you – and your friends – can learn everything without having to search. This post came after years of studying the field, and writing for this […]
Credit cards get a bad rap – one that is not entirely deserved. I’ve got this working theory that it has to do with their name – the term ‘credit’ may mean ‘ability to obtain resources based on a future payoff’, but the card is named entirely wrong: If the only purpose of your credit cards is to purchase things on credit you are doing things completely wrong. The true beauty of credit cards is that they are a liquidity tool; credit cards allow you constant access to funding… whenever you need it. So, let’s look at the perfect strategy for turning your credit cards into liquidity cards!
… is higher than credit card debt in our country (hat tip: Wall Street Journal). How can this be?, you may ask, when the number of news stories on credit cards seem to vastly outweigh the corresponding reports on student loans. Well, yes, credit card stories seem to outnumber student loan stories by a ratio of about 15 to 1, according to StudentLoanJustice.org. How did this happen?
Merry Christmas Eve to all my Christian readers, I’ve got a gift for you a day early. What if you could take your credit card now, make it so you can’t run a balance, and add an annual fee? Sound like something you might be interested in? Me neither. However, that’s exactly how a charge card compares to a traditional credit card.
Carnivals and featured links for the week.