Comments on: Cut Out the Credit Cards https://add-vodka.com/cut-out-the-credit-cards/ When Life Gives You Lemons => ADD VODKA Sun, 16 Mar 2014 18:01:27 +0000 hourly 1 https://wordpress.org/?v=6.5.5 By: The Round Table - November 2, 2012 - MoneySmartGuides.com https://add-vodka.com/cut-out-the-credit-cards/#comment-59619 Sun, 16 Mar 2014 18:01:27 +0000 http://add-vodka.com/?p=2832#comment-59619 […] Money Q&A 1Year Blogiversary Giveaway at Work Save Live How to Travel Light at Nickel by Nickel Cut Out The Credit Cards at When Life Gives You Lemons The Stock Market Game and The State of Financial Education at […]

]]> By: The Round Table – November 2, 2012 https://add-vodka.com/cut-out-the-credit-cards/#comment-20428 Fri, 02 Nov 2012 13:08:50 +0000 http://add-vodka.com/?p=2832#comment-20428 […] Money Q&A 1Year Blogiversary Giveaway at Work Save Live How to Travel Light at Nickel by Nickel Cut Out The Credit Cards at When Life Gives You Lemons The Stock Market Game and The State of Financial Education at […]

]]> By: The Asian Pear https://add-vodka.com/cut-out-the-credit-cards/#comment-20278 Tue, 23 Oct 2012 15:44:19 +0000 http://add-vodka.com/?p=2832#comment-20278 I do have to point out that if you DO use credit cards, then at least get one that gives money back at the end of the year. XD

]]> By: Harry @ PF Pro https://add-vodka.com/cut-out-the-credit-cards/#comment-20238 Mon, 22 Oct 2012 04:22:31 +0000 http://add-vodka.com/?p=2832#comment-20238 Good call! If you’re in any type of credit card debt, you should immediately cancel all your cards. The temptation will be too much, but that being said, once you’ve paid it off and learned your lessons, cc’s can be a great tool and even make you a few bucks 🙂

]]> By: Nancy @ PF Nancys https://add-vodka.com/cut-out-the-credit-cards/#comment-20229 Sun, 21 Oct 2012 16:43:52 +0000 http://add-vodka.com/?p=2832#comment-20229 having credits cards is what keeps me in the hole even after I dug myself out!

]]> By: Canadian Budget Binder https://add-vodka.com/cut-out-the-credit-cards/#comment-20227 Sun, 21 Oct 2012 15:14:29 +0000 http://add-vodka.com/?p=2832#comment-20227 It’s crazy when you read the tiny little print on a Credit Card statement that says “this $3000 bill will take you 14 years to pay if you only pay the minimum” and it’s true. Most people don’t read the fine print but that’s why they make it so small so you don’t read it. We pretty much use credit cards for everything to get rewards and the ease of not having to carry cash or get cash. We pay it off each month though but by having a budget we already know what we can and cannot afford and if it’s not in the budget it’s not going on the card. Great Post. Mr.CBB

]]> By: thestarvingartistcanada https://add-vodka.com/cut-out-the-credit-cards/#comment-20219 Sat, 20 Oct 2012 20:46:01 +0000 http://add-vodka.com/?p=2832#comment-20219 impulse (over)spending releases the feel-good endorphins. Paying down debt… not so much.

So for some it’s just as bad as any other drug-addiction.

But the banks and finance companies are the dealers.

I love my cards… but I always pay them off and reap the rewards. Cash back savings to the tune of $400-$600 per year. And yes, I put EVERYTHING I can on that card.

]]> By: Eric J. Nisall - Dollarversity https://add-vodka.com/cut-out-the-credit-cards/#comment-20208 Fri, 19 Oct 2012 17:51:34 +0000 http://add-vodka.com/?p=2832#comment-20208 If you can get a 0% interest card it’s a great option, but that’s not always a viable solution. If you are already in debt, depending on how much or how bad you have wrecked your credit already, it may be impossible to get anyone to give you another line. Even if you can’t, I would imagine that going with any kind of loan operation wouldn’t benefit you since they charge ridiculous amounts of interest and fees which make the credit card interest seem very appealing.

]]> By: Brian https://add-vodka.com/cut-out-the-credit-cards/#comment-20191 Thu, 18 Oct 2012 18:16:31 +0000 http://add-vodka.com/?p=2832#comment-20191 In reply to Stan @DebtsnTaxes.

The problem is that they usually charge upwards of 3% to transfer the money from one card to another. While this is still better than 20% interest on a card, it is still adding to debt. A few years ago there used to be 0% cash advance, 0% transfer fee and 0% interest cards. People would use those and put the rest in a high yield savings account and get free money!

]]> By: Eddie https://add-vodka.com/cut-out-the-credit-cards/#comment-20189 Thu, 18 Oct 2012 16:01:27 +0000 http://add-vodka.com/?p=2832#comment-20189 Credit cards require discipline, and this is coming from someone who was quite irresponsible over the years. I guess you can say I’m a recovering credit card spender 🙂

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