Posted on 08/08/2010 1:06:54 PM PDT by CutePuppy
I use my debit card often, I dislike carrying much cash. I also carry a credit card for some purchases, notably gas. It often takes several days for the purchase to show up at my credit union when using debit and I check my account online daily after deducting debit purchases. It takes less than 5 minutes. I don’t worry about the high interest rate on credit cards, I pay the entire balance every month.
I also carry a credit card for some purchases, notably gas. ... I don’t worry about the high interest rate on credit cards, I pay the entire balance every month.
You are doing it right; and in the case of credit cards, you also retain control of payment timing and the convenience of "floating" some of the expense. If you have more than one credit card you can also separate expenses for convenience, longer "float" or accounting.
I’m with you. I always assumed if the money wasn’t there, the card wouldn’t work.
“I always assumed if the money wasn’t there, the card wouldn’t work.”
I’m going to continue to believe it.
It’s worked out OK so far.
Yes, I do that too. We paid down all of our credit cards when obammy took office. Also paid off all debts, including house. Getting set for the hard times. Cut spending except for food for the long haul. Clothes come from Goodwill. Neighbors with cows & chickens. River right outside the yard if there is need for water. plenty of woods for gathering deadwood for heat. Only worry about young people who have always had everything they wanted instantly. It’s going to be a hard lesson for them. Me, I lived through the Great Depression. You learn what is really important.
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