The dust has now cleared and everyone has voiced their opinions for or against using credit cards for their incentive programs. It was evident from the vigor with which people expressed their opinions and the sheer volume of comments that passions run high when it comes to credit cards.

This leaves me considering: why? What is it that propels people to have such strong opinions for or against credit cards. Credit cards are clearly not a means that one becomes wealthy by incentives alone. By the number of comments we got in favor of credit cards it would seem that it was the best deal around to make money.

It seems that credit cards must be a more “sexy” topic that all can relate to, as opposed to other financial issues that we discuss. Clearly there are more productive ways to make money than simply getting deals from credit cards, as while it might get you free plane tickets and so forth, even the 1% cash back won’t really help with inflation as it is.

Perhaps it comes down to more of a game than for outright financial gain. I’d have to say that it does feel good beating someone at their own game. At the same time we are likely all better served by focusing on ways to make real financial gains. As always, your thoughts and comments are welcome.

Cheers,

Miel

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

Couples Finance

Blogs You Should Read

Companies Supporting The DINKS

Please consider visiting our gracious supporters:

Get an education with the Online Certificate Programs at Washington Tech