Credit, Debit Cards

Reduce Credit Card Use

According to this recent L.A. Times report – Consumer borrowing increased at an annual rate of 10% in November,the largest jump in a decade…  Outstanding credit card debt increased 8.5% in November… (emphasis, mine) It appears that folks are using credit cards more than ever – and outstanding balances are increasing. For more than seven years, here’s how I have reduced (and almost eliminated) my use of a credit card: I live on a budget. If we eliminate unplanned-for spending, we can eliminate unplanned-for borrowing.  At the beginning of the month, I know how much money I am going to spend and I know where I am going to spend it.  Some portion of credit card use results from poor…

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Debit Cards, Emergency Fund

Break The Credit Card Cycle

It has been several years since my wife and I regularly used credit cards for monthly purchases.  Instead, we use cash, debit cards, and online bill pay.  Here’s how we broke our credit card cycle – 1.  We put our credit cards in our wallets – and just left them there.  We didn’t cut them up.  We didn’t cancel them.  We didn’t put them in the freezer.  We simply made a decision not to use them on a regular basis.  Over the past six years, this has served us well. 2.  Before we started living on a budget and getting out of debt, our credit card served as our emergency fund.  If we were a few hundred dollars short at…

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Automobiles, Cash, Debit Cards, Money Management

Can I Rent A Car Without A Credit Card?

Can I rent a car without a credit card?  What if I need to rent an automobile but I want to use a debit card or cash?  I did a bit of research and have linked to various car rental services and their policies.  Information updated November 22, 2016. This information is provided in summary form and you should conduct your own research before using any of the companies listed.  Information is subject to change at anytime.  (Emphasis added) Hertz: The Hertz website states: Q: Can I use my Debit Card or Bank Card to reserve a Hertz car? A: At most Hertz locations, debit cards (sometimes called check cards) issued under a VISA or Mastercard logo which draw funds…

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