Thousands (ok, there were just a couple) have asked me for money advice, how to get out of debt, and how to manage Bad Credit Credit Card. It really is frustrating, not to mention embarrassing, when you get those calls from collection agents. I am no financial expert here, but we are on our way to getting out of debt, which in a large part in because of my wife. She’s very good with money.
In my search for articles that might help manage one’s finances, I came across a site called gettingacreditcard.com that helps people with credit card applications. That might not sound so mind blowing right? But here’s the kicker. It also helps people with bad credit apply for a credit card. So I guess you’re probably thinking, “Aren’t credit cards bad?” Well, not exactly. Aren’t credit cards made to help us better deal with money and to provide convenience. When getting one, we have to really compare credit cards and pick the right one for us. I think it’s high time we take advantage of credit card offers. Some cards offer fraud protection, and some give discounts on shops and gas. Some of the popular ones have a point system that you can redeem for other items. Knowing which type can really help us. The site also has a lot of articles related to credit and credit cards, like myths and rewards of credit cards, how to waive late payment fees, etc. Very useful and informative.
Our credit cards actually helped us a lot when we were starting out. We were able to buy new stuff at a 0% monthly installment. So you see, our financial troubles aren’t because of the instant approval credit cards. We are the ones who spent that money. We just have to really take care and keep track of our purchases. That is our responsibility.
We learned that the hard way. We used to own six cards, one for the wife and five for me.
Yesterday, we went down to Makati and terninated our last card. It felt so good.
Posted by thehusbandspeaks at October 24, 2008, 11:50 amI have already terminated two of my cards, now there’s only one left for me, and the other for the hubby, all at low spending limits, so medyo kayang-kaya, disciplined we are when using it in our purchases.
Posted by sheng at October 24, 2008, 4:13 pmA husband's weblog of thoughts, observations, interests, opinions, and adventures. For comments, reactions, suggestions, and donations, you can contact me at thehusbandspeaks@gmail.com.
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credit cards are not for the retail-trigger-happy, and not for people who don’t have discipline. i’m happy i learned this at a very young age.
my husband doesn’t have credit card, ako lang. so we can control our spending. so far it’s working! hooray!
Posted by maidapaypay at October 24, 2008, 11:39 am