Credit Cards

by James & Miel on February 2, 2006 · 0 comments

Credit cards have become a part of the financial mainstream, but they still feel like a monkey on your back that can make you crazy. In 2007, the average American family had $7,300 worth of plastic debt. At a 2% minimum payment per month, this means the typical family spends roughly 146 dollars on card interest. Simply put most people owe card issuers something.

DINKS finance has written a great deal on credit cards.

If you’re looking to get out of credit card debt, check out the following posts:

Getting out of extreme credit card debt.

Thoughts on reducing your credit card debt.

Five tips for slashing your credit card bills.

How Miel dumped over $13,000 in ten months.

If you are okay with using cards, but want to be sure you are managing it properly you might be interested in properly managing your credit cards. This is also known as the credit juggling act. Another good rule of thumb with your cards is pay early and often.

For if you are looking to delight in others misfortunes, you can see how James racked up $11,000 in credit card bills and why he now hates them. You might also be wondering why smart people still used credit cards.

Finally, if you really have a problem with overspending on the plastic, you could always chop them in a blender or freeze them.

Finally, here is a quote that sums up credit cards up very well:

Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound eight and six, result misery.

Charles Dickens

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