Anti-Credit Articles

An Interesting Conversation About Store-Branded Credit Card Applications

Today, I went shopping for Mother’s Day gifts. As I was checking out at one particular store, the woman behind the cash register asked me if I wanted to apply for a credit card and receive a 10% discount. As I’ve written about before, I’m not interested in credit cards, especially high-rate store-branded credit cards. But, I’m also not interested in being a jerk, so I politely declined her offer. But, I couldn’t resist asking her if she ever tired of trying to get people to apply for the cards. She sighed and said yes. Then, she went on for about five minutes about how she and the other customer service people were required to produce a certain number of…

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Anti-Credit Articles

My Life After Debt

Here is our current plan to live debt-free and stay debt-free – We fully-fund four retirement accounts – my wife’s Roth IRA, my wife’s Pension Plan, my Roth IRA, and my 403b. We save money for future ‘major purchases’ – newer cars, new furniture, new appliances – in our ING DIRECT Savings Account. We are saving for a future home purchase in our brokerage account.  While not as tax-efficient as our retirement accounts, we have ready access to this money.  Should we need to purchase a home before we can pay full-price, we can use the money in this account for a healthy down payment. We live on a strict budget, we fully-fund our retirement accounts, and we save as…

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Anti-Credit Articles

Credit Card Fees (Further Motivation For Getting Out Of Debt!)

I’m a pretty unique guy. I do not use a credit card. Why? I like using ink and writing checks. I enjoy the process of using “real money” and I simply dislike the “hassle” of managing credit card payments. Also, I have no desire to pay the interest, fees, or penalties associated with carrying a credit card balance. (Plus, it takes too much Ink to write all those checks.) Sure, I could pay my credit card balances off “in full” at the end of each month, but I have found that I will spend MORE whenever I use a credit card than I do when I use cash. Now, I may not be able to persuade you to give up…

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