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…

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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. …

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