Comments on: No Credit Cards Needed

By: Fiona

Fiona — Wed, 02 May 2007 06:16:33 +0000

Being credit-free is quite alright but if you know your way around it, you can actually benefit from a credit card. I’d have to agree with VG34. He does have a point. All you have to do is hook up with the best cash back credit card.

By: Larry

Larry — Wed, 25 Apr 2007 07:10:00 +0000

I wonder at the statistic that people spend that much more when using a credit card–how was it obtained?

My credit card purchases are much higher than my cash purchases for one simple reason: I don’t like carrying more than $60 or $80 in cash, so when I buy a camera, or an iPod, or a computer, or a few housewares, naturally I use a credit card.

By: old grump

old grump — Mon, 05 Mar 2007 20:31:17 +0000

Carrentals and debit cards are a tough mix, it is a secret as to what is required on your debit card, suddenly I was denied (plenty of money in the acct, rented from them a month earlier), which killed my vacation. I will never fly anywhere and depend on a debit card to rent a car. I have no debts and am a renter and thus I can’t get a credit card.

By: VG34

VG34 — Tue, 27 Feb 2007 15:42:57 +0000

I have to disagree with your article above. When purchasing something with cash, you have no recourse should you need to return the product and the store not allowing it. what about 5% cash back on gas cards, your actually spending MORE money by using cash than if you could charge up with gas and pay it off automatically monthly…

By: Brian Christopher

Brian Christopher — Tue, 27 Feb 2007 05:01:38 +0000

I stopped playing the credit game years ago. I pay cash wherever I go. I feel free and liberated! People have suggested I should have a credit card “in case of an emergency.” But I can not think of one emergency I would have that would require me to finance it. If I couldn’t borrow money from friends in a dire emergency then what does that say about me as a person?

Being on a cash only basis has its rewards. You are living in reality and you know exactly what you can afford and when you can afford it. My self importance is not tied to material possessions.

If I should find it necessary to carry a large amount of cash (ie: going on vacation) I always break it up on my person. I’ll store a little in my wallet, some in my sock, some in a money clip, and maybe some in a carry-on bag. If someone ever demanded I give them “all my money” I could easily hand them the money clip or my wallet and not be completely wiped out.