Gregg Wallace programme on TV

Goldiegirl

VfM4meplse wrote: »

That's the point. For some, credit encourages a buy now, think later mentality - no good if you're not a disciplined shopper.

I like to think I am

Perhaps all these cards are debit cards, not credit cards?

These days, current accounts offer the best interest rates, so many people have multiple current accounts with various banks, to take advantage of these higher interest rates.

I've lots of different debit cards from various banks, as I've got several bank accounts, to take advantage of interest rates of up to 5%

But I don't take all the cards out with me at one time.

lessonlearned wrote: »

I have started using a bowl more often because I'm trying to lose weight so watching the portion sizes. I notice Jamie Oliver uses them sometimes too.

Credit cards - I have started using my credit card more often than my debit card because I get N&ct&r points, I just clear the card at the end of the month so I don't incur any charges. I don't spend any more because im using a card. I can still be quite disciplined but then I can spend more if I want to take advantage of any special offers or bargains.

It really is surprising how the points have added up using the card this way. I use it for petrol, some food shopping, Anything I buy online, and any large purchases. I just treat it as I would a debit card.

I do keep a spending diary and in there I record which payment method I use so I never get an unexpectedly large cc bill.

The cash stays in a high interest current account and earns a little bit extra until it's time to pay the bill. It sounds like a faff but I use Internet banking so it only takes a few minutes to do all the transfers and payments.

I really don't think I spend more and I'm even earning a bit of interest.

The reason I don't take all my debit cards out is because I use credit cards for the majority of my spending.

Just like LL, I pay everything off at the end of the month, and earn Nectar and M&S points, which more than pay for Christmas.

It seems that many people think credit cards are the work of the devil, but used carefully they are just another tool for effective financial management.

june89

I think they are surprised because they rarely shop all in one go. When he pulls out a "few weeks" of receipts, there are always at least a dozen of them so they are shopping many times a week. People often seem surprised how much incremental costs add up to because they've never done the adding up themselves. Like when you point out how much a daily coffee shop coffee adds up to over a year, they only see the daily cost which is small. But anyway...

I use a credit card for all spending, but I haven't been in debt for many years. It's paid off at the end of every month, which keeps my money in my accounts earning interest for as long as possible, plus I earn rewards through the card. As the previous poster said, it's an effective money management tool when used correctly.

MallyGirl

another habitual CC user here - I always say I am like the Queen and don't carry cash. I have an offset mortgage calculated daily so the longer I can hold off paying for things the better. I also use 0% cards to the max knowing that I can just transfer from the mortgage account the week before the 0% ends. I am a stoozer! Nectar/Clubcard/JL vouchers all contribute to the pot when earned.

Roxy07

Anyone enjoy this show on the BBC? very informative and helpful. Lovely homely feel to it too.

A lot of the things are quite simple (obviously not to some), but there is funny moments like this couple who didn't like the coffee they thought the lads replaced their "regular" coffee with, to their shock it was the same coffee !! LOL

Petula

There is a thread about the show here on the OS board. Not able to search for it just now, but the title has "Greg Wallace" (sp?) in it. Usually on the first or second page

PLRFD

Anything with that gurning creep Greg Wallace is a tun off for me.

redfox

we move threads if we think they’ll get more help elsewhere (please read the forum rule) so this post/thread has been moved to another board. If you have any questions about this policy please email [EMAIL="forumteam@moneysavingexpert.com"]forumteam@moneysavingexpert.com[/EMAIL].

JIL

It also needs merging with this thread?
https://forums.moneysavingexpert.com/discussion/5320990

Roxy07

Excellent show. Greg is a nice man... what's the issue!?

Pollycat

Roxy07 wrote: »

Excellent show. Greg is a nice man... what's the issue!?

If you read the thread, I think you'll find you're in the minority.