Just as with drugs, the pleasures of credit are flaunted while the dangers of debt are downplayed or ignored. Imagine if a drug dealer set up a table in your local grocery store or at the farmer’s market. Get the picture of the drug dealer giving away free t-shirts or coffee mugs if you try out their product. Would you blithely send your teen over
Currently, I have one credit card with a $500 limit. While the credit card is in my name, it’s paid by my father and is only really used for emergencies or family expenses. I’ve been thinking about moving out of my parent’s house and once I do, I’ll have to start paying this card on my own or get a personal credit card. Since I’m
I am middle aged and have never used an ATM. Never wanted to, never felt the need to hit the magic machine that, for a few coded numbers, will hand me my hard-earned money any time I want it. I’m not bashing bank technology; there are times when those extra dollars at two in the morning was necessary, and a credit or debit card was
Do you shred all receipts – or do you toss them into the trash in once piece? For a long time I’ve shredded anything that has part of my credit card number on it OR anything that has me my full name and address. Which is just about every receipt and piece of mail I receive. It’s time consuming to save all my receipts and
I love credit cards, and I also hate them. Hubs and I recently decided to limit our monthly credit card spending to $2,000. (We are successful the majority of the time). To do this I log in twice a month to check how we are doing. It takes me 10 minutes – but couldn’t my credit card company make this possible through a simple email
I recently came across “The 10 ‘Never-Break’ Rules of Good Credit” in the Kane County Chronicle, which listed how to maintain good credit, derived from the formula that credit bureaus and lenders use to calculate your lending score. Some of the tips are not new, but I found it a great reminder worth sharing, plus some “In My Opinion” reactions. The 10 rules of good
When your kids leave the nest, will you have taught them important money lessons, like how to make sound financial decisions and keep their credit score clean? Whether or not you’ve taught your middle schooler basic money lessons, high schoolers can handle increasingly complex financial ideas and practice making more substantial financial decisions for themselves. So before they move out, here are 8 money lessons
For the past three months, Hubs and I put a hard cap on our credit card spending. We agreed that together we’d spend no more than $2,000 in each cycle. And each month we made our goal! A lot of Bargain Babe readers use debit cards – when I asked on our Facebook page, 9 out of 10 readers who responded said they had NOT
I was stunned that nine out of 10 readers who chatted with me on the BargainBabe.com Facebook page about how many credit cards they had in their wallet HAD NONE! Those nine readers only carry debit cards. Confession: I have never used a debit card, ever. I am scared of debit cards! Why do you use debit?
When we gab about our personal life on social media sites, we may very well be providing all the information scammers need to defraud us. Some banks are even changing the way they ID customers to reduce the risk of identity theft, says the New York Times‘ money blog, Bucks. Prevent identity theft with these 7 9 tips.
Would using a credit card that earns 5% cash back on gas earn more money back than a credit card that earns 1% cash back on every single purchase? Reader Diane and I have been chewing on this question in the comments section of my post on a reader’s credit card bill. I decided to do the math and figure it out once and for
I’m super excited that the first BargainBabe.com reader, who I’ll call Joanne, anonymously submitted her credit card bill to receive free, constructive, and supportive advice to reduce her credit card bill! I have nine suggestions for Joanne that will shave hundreds, of not thousands, of dollars off her credit card bill of $4,985.82. My offer still stands for anyone else who wants help lowering their
Well here’s your chance! I’m calling on readers to share their credit card bills. This offer is open to ANYONE who wants to receive free, supportive, and constructive feedback on how you can reduce expenses. I don’t want to know who you are, so redact all sensitive information on your bill before sending to me. Here’s how to get FREE feedback on cutting your credit