Credit Cards

Kindle · Post by **Kindle** » Tue May 05, 2009 6:17 am

As the economy has been on everyones mind these last months, let's talk about individual money management.

How many credit cards do you have?

Of these, how many do you use?

Do you pay off your monthly balance, or do you live today on tomorrows dollar?

Do you think the average person has used their financial assets better, the same or not as well as corporate America?

Snowfire · Post by **Snowfire** » Tue May 05, 2009 6:36 am

Kindle;1183853 wrote: As the economy has been on everyones mind these last months, let's talk about individual money management.

How many credit cards do you have?

Of these, how many do you use?

Do you pay off your monthly balance, or do you live today on tomorrows dollar?

Do you think the average person has used their financial assets better, the same or not as well as corporate America?

I have access to a credit card but I choose not to use it. My debit card meets all my needs. As a consequence the only debt we have is a small mortgage on the house.

We do tend to live in a "want it now " society. Teenagers have access to credit. They drive new cars. When I was a teenager, we made do with buying a cheap second hand "banger", tidied it up and upgraded it when we could afford. That wouldnt do for todays youth. The must have it new and now

qsducks · Post by **qsducks** » Tue May 05, 2009 6:44 am

Snowfire;1183861 wrote: I have access to a credit card but I choose not to use it. My debit card meets all my needs. As a consequence the only debt we have is a small mortgage on the house.

We do tend to live in a "want it now " society. Teenagers have access to credit. They drive new cars. When I was a teenager, we made do with buying a cheap second hand "banger", tidied it up and upgraded it when we could afford. That wouldnt do for todays youth. The must have it new and now

No credit cards here either. The debit card meets all our needs also. Just pay bills etc. & the mortgage which isn't much now to pay off. As for teens & cars...bought our daughter a $1,500 Ford Escort a year ago which she wrecked...so too bad for now. When we finally get the Honda on the insurance she will have had to pay off all the fines that came with wrecking her first car.

Lon · Post by **Lon** » Tue May 05, 2009 7:41 am

Kindle;1183853 wrote: As the economy has been on everyones mind these last months, let's talk about individual money management.

How many credit cards do you have?

Of these, how many do you use?

Do you pay off your monthly balance, or do you live today on tomorrows dollar?

Do you think the average person has used their financial assets better, the same or not as well as corporate America?

I have one Visa Frequent Fl yer credit card with a high limit. It's used to pay for EVERYTHING and the monthly balance is paid off in full. I think the average persons use of credit is terrible.

Post by **Sunshine** » Tue May 05, 2009 8:03 am

I had way to many but now have cut up all but one and I will only be using that for emergencys such as mechanical repairs on appliances in my home or car.

qsducks · Post by **qsducks** » Tue May 05, 2009 8:23 am

I asked my daughter the other day...are you getting a credit card? She wants no parts of it. Very smart daughter.

princessladedah · Post by **princessladedah** » Tue May 05, 2009 9:09 am

Interesting that you should post this topic, I have one card with a 1,000 limit, I requested it to stay at that limit because then I cant get into trouble

Swimming maggie · Post by **Swimming maggie** » Tue May 05, 2009 11:09 am

princessladedah;1183941 wrote: Interesting that you should post this topic, I have one card with a 1,000 limit, I requested it to stay at that limit because then I cant get into trouble

I have one credit card which I only use very occasionally but the balance is always paid off each month. Normally I use my debit card, much safer that way I think.

daBunnyWendy7 · Post by **daBunnyWendy7** » Tue May 05, 2009 11:46 am

I have one credit card and one debit card. I try to keep my balance paid off. I don't want to rack up debt.

chonsigirl · Post by **chonsigirl** » Tue May 05, 2009 12:56 pm

I have 3 credit cards, paid off monthly. One is used for emergencies, like the latest crown I had put on last week......

kayleneaussie · Post by **kayleneaussie** » Tue May 05, 2009 2:23 pm

I dont have a credit card

mrsK · Post by **mrsK** » Tue May 05, 2009 2:41 pm

I have one credit card.

It is used for big emergencies only,I pay it off as soon as possible.

If I can't pay cash I usually don't buy:-6