Cut Your Credit Card Into Millions Of Strips

Boonie

Kavanne wrote: »

I always pay off my credit cards each month. I put spending on them to earn moneyback/nectar points/airmiles which I wouldn't get with cash...

Also for the purchase protection I get on things like holidays and larger items.

Spot on. Cash is OK for some, but in this electronic world, it's limited. And why not use the card to generate more cash in the form of cashback? We use CCs for all our household bills, and have just received a nice £200 back last month! :beer:

MABLE

Mickie31 wrote: »

Personally I have never owned a credit card in my life. I would never own a credit card. I have always said I would never own a credit card and I will stick with this till I die. I believe it is the sure fire way to get in debt fast. Nowadays it seems like everyone has a credit card. It seems to be the modern attraction like owning a mobile phone or Bluetooth. All these things come to try us and take us deep into debt.

Recently I have bought Martin's book and even though he does make a lot of sense. He talks about credit cards as though they are something that people would automatically keep. I disagree. I think to end debt you need to cut your cards into millions of little pieces and just use cash. You then know how much money you have and how much money you can spend.

An excellent point from Martin's book because he does give fantastic advice is to start spending at the end of the month. In other words wait till you are due your next pay cheque before you start spending. Also do not be tempted to then spend when you get the money in your bank. It takes a little while to get into the swing of things, but when you do you will never look back!

Interesting!

clio

I blame the internet..

Overthetop

I can understand your sentiments Mickie, but I use my CC to buy everything each month this enables me to keep my cash in the bank to offset against my mortgage right up until i need to pay off my CC bill at the end of each month. My cc also allows me to collect points for gifts or cash so it makes me money/goods for nowt. I would hate not to have a CC as it can also keep me safe in emergencies

JonnyBravo

I blame the parents....

clio

I blame Margeret Thatcher

dhassen

Mickie31 wrote: »

It seems to be the modern attraction like owning a mobile phone or Bluetooth. All these things come to try us and take us deep into debt.

I agree. Bluetooth has gotten me in serious trouble with debt ........:rolleyes: